JK Tyre & Industries Ltd reports consolidated PAT of Rs. 189.12 crores in Q4FY21

JK TYRE & INDUSTRIES LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2944.64 crores during the period ended March 31, 2021 as compared to Rs.2776 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.189.12 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.224.09 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.7.68 for the period ended March 31, 2021 as compared to Rs.9.10 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 2944.64 crs	₹ 2776 crs	6.07%
Net Profit	₹ 189.12 crs	₹ 224.09 crs	-15.61%
EPS	₹ 7.68	₹ 9.10	-15.6%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.2944.64 crores during the period ended March 31, 2021 as compared to Rs.1803.09 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.189.12 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.(47.20) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.7.68 for the period ended March 31, 2021 as compared to Rs.(1.92) for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 2944.64 crs	₹ 1803.09 crs	63.31%
Net Profit	₹ 189.12 crs	₹ (47.20) crs	500.68%
EPS	₹ 7.68	₹ (1.92)	500%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.9145.27 crores during the 12 months period ended March 31, 2021 as compared to Rs.8753.29 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.319.34 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.150.76 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.12.97 for the 12 months period ended March 31, 2021 as compared to Rs.6.12 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 9145.27 crs	₹ 8753.29 crs	4.48%
Net Profit	₹ 319.34 crs	₹ 150.76 crs	111.82%
EPS	₹ 12.97	₹6.12	111.93%

Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director (CMD), said, "The year began with India in lockdown due to COVID-19 pandemic and the economy grinding to a halt with Q1FY21 almost a wash out. Economy started opening up gradually from mid-May. As a result of several initiatives taken JK Tyre recovered fast and achieved highest Sales in Q3FY21 & Q4FY21 increasing its market presence. With high capacity utilization, control on costs and reduced working capital, special focus on customer outreach and premium products offering, profitability improved significantly. Similarly, JK Tyre subsidiaries - Cavendish Industries and JK Tornel also added to substantial overall improvement in the profitability of the Company."

Dr. Singhania further said, "JK TYRE is fully geared to face challenges emanating from rising raw material prices and prevailing lockdowns under second wave of novel virus."

He further commented, "Despite these headwinds, the Company expects to continue capturing opportunities that are arising in this new environment in India and abroad."

Shares of JK TYRE & INDUSTRIES LTD. was last trading in BSE at Rs.123.6 as compared to the previous close of Rs. 122.5. The total number of shares traded during the day was 131511 in over 3087 trades.

The stock hit an intraday high of Rs. 125.65 and intraday low of 121.5. The net turnover during the day was Rs. 16278251.

Source : Equity Bulls

Keywords