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JK Tyre and Industries Ltd posts consolidated PAT of Rs. 46.32 crores in Q1FY22
Posted On : 2021-08-06 19:24:48( TIMEZONE : IST )
JK Tyre & Industries Ltd. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.2618.42 crores during the period ended June 30, 2021 as compared to Rs.1138.14 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.46.32 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(198.85) crores for the period ended March 31, 2021.
The company has reported EPS of Rs.1.88 for the period ended June 30, 2021 as compared to Rs.(8.08) for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 2618.42 crs | ₹ 1138.14 crs |  130.06% |
| Net Profit | ₹ 46.32 crs | ₹ (198.85) crs | 123.29% |
| EPS | ₹ 1.88 | ₹ (8.08) | 123.27% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.2618.42 crores during the period ended June 30, 2021 as compared to Rs.2944.64 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.46.32 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.189.12 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.1.88 for the period ended June 30, 2021 as compared to Rs.7.68 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 2618.42 crs | ₹ 2944.64 crs |  -11.08% |
| Net Profit | ₹ 46.32 crs | ₹ 189.12 crs | -75.51% |
| EPS | ₹ 1.88 | ₹ 7.68 | -75.52% |
Commenting on the results, Dr. Raghupati Singhania, Chaiman and Managing Director (CMD), said, "The first quarter of this frscal year started on a subdued note due to resurgence of second wave of the pandemic and lockdowns, which impacted demand. Despite these challenging market conditions, we achieved encouraging growth in revenues and profitability. With the rising input costs, operating margins were impacted. Nonetheless, we are taking judicious price increase across product categories. The Company continued to focus on replacement and export sales. At the sarne time relationship with OEMs are being expanded and strengthened."
"We expect improved market conditions, emanating from higher inoculation levels and sharp recovery in economic activities, which is likely to improve sale in both replacement and OEM segments. Going forward we are optimistic and expect a healthy growth of the industr5r."
Dr. Singhania further added that, "the Company continues to give utmost primacy to the well-being and safety of its employees, business partners and society. In this direction, we have launched an initiative "JK Cares" program, to support the family of employees, who lost their lives during the pandemic on three fronts - financial, educational and health insurance."
Shares of JK Tyre & Industries Ltd. was last trading in BSE at Rs. 161 as compared to the previous close of Rs. 162. The total number of shares traded during the day was 319276 in over 4412 trades.
The stock hit an intraday high of Rs. 166 and intraday low of 156.2. The net turnover during the day was Rs. 52039984.
