JK Tyre share gains 6% after firm logs Rs 189-crore profit i

JK Tyre share gains 6% after firm logs Rs 189-crore profit in Q4


JK Tyre share gains 6% after firm logs Rs 189-crore profit in Q4
For the fiscal year 2021, net profit stood at Rs 319.34 crore compared to Rs 150.76 in FY20. Revenue from operations grew 4.5 per cent to Rs 9,145.27 crore from Rs 8,753.29 crore in the previous year
BusinessToday.In | May 20, 2021 | Updated 12:28 IST
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Share of JK Tyre and Industries rose 6 per cent to hit an intraday high of Rs 131.25 after the company reported a consolidated net profit of Rs 189 crore for the quarter ended March 31 against a net loss of Rs 47.20 crore in Q4 FY20.
The stock has gained 157 per cent in one year and risen 68 per cent since the beginning of this year. JK Tyre's share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 3,102.51 crore.

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