Millennium Post

JK Tyre net profit at `26 crore

JK Tyre has reported a net profit of Rs 25.99 crore for the quarter ended 30 September, due to various cost control measures, the company said.

The tyre major on Tuesday reported that its total income during the period rose to Rs.1,321.96 crore from Rs.1,246.01 crore in the corresponding period of the last fiscal.

The company had reported a net loss of Rs.54.99 crore for the corresponding quarter of the last fiscal. According to the company, its net sales in the quarter under review grew by almost 6 per cent at Rs.1,313 crore from Rs.1,241 crore as compared to the same period of 2011-12.

For the first half of 2012-13, the company reported a net profit of Rs.50.70 crore from a net loss of Rs.54.03 crore in the same period of the last fiscal.

The company attributed its performance toe raw material prices.
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