JK Tyre and Industries Ltd posts consolidated net profit of Rs. 66.56 crores in Q2FY22

JK Tyre & Industries Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 2997.59 crores during the period ended September 30, 2021 as compared to Rs. 2618.42 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 66.56 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 46.32 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 2.70 for the period ended September 30, 2021 as compared to Rs. 1.88 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 2997.59 crs	₹2618.42 crs	14.48%
Net Profit	₹66.56 crs	₹46.32 crs	43.70%
EPS	₹2.70	₹1.88	43.62%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 2997.59 crores during the period ended September 30, 2021 as compared to Rs.2286.49 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.66.56 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.104.98 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.70 for the period ended September 30, 2021 as compared to Rs.4.26 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 2997.59 crs	₹2286.49 crs	31.10%
Net Profit	₹66.56 crs	₹104.98 crs	-36.60%
EPS	₹2.70	₹4.26	-36.62%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.5616.01 crores during the 6 Months period ended September 30, 2021 as compared to Rs.3424.63 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.112.88 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.-93.87 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.4.58 for the 6 Months period ended September 30, 2021 as compared to Rs.-3.81 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹5616.01 crs	₹3424.63 crs	63.99%
Net Profit	₹112.88 crs	₹-93.87 crs	220.25%
EPS	₹4.58	₹-3.81	220.21%

Shares of JK Tyre & Industries Limited was last trading in BSE at Rs. 149.60 as compared to the previous close of Rs. 154.80. The total number of shares traded during the day was 51098 in over 977 trades.

The stock hit an intraday high of Rs. 157.80 and intraday low of 148.40. The net turnover during the day was Rs. 7757785.00.

Source : Equity Bulls

Keywords

JKTyreandIndustries Q2FY22 H1FY22 ResultUpdate