Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
August 15, 2013 12:00 AM

JK Tyre Q1 net profit jumps threefold

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    ERJ staff report (BC)

    New Delhi: JK Tyre and Industries today said its consolidated net profit surged over three-fold to Rs5.53m (€67 800) for the first quarter ended June 30, 2013, reports NDTV, quoting the Press Trust of India.

    The company had posted a net profit of Rs1.64m (€20 100) during the same period of the previous fiscal year.

    Net sales rose to Rs187m (€2.29m) for the first quarter, compared to Rs181m (€2.20m) in the previous year.

    CMD Raghupati Singhania said: "The automotive industry is facing one of its toughest phases in a decade. This has affected all OEMs – both in cars and commercial vehicles. JK Tyre has been able to ride through these extremely challenging times with its leadership in truck and bus radials, holding the highest market share in India."

    Depreciation of the rupee remains a major cause of concern with its cascading effect on input costs, he added.


    This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

    Full story from NDTV

    RECOMMENDED FOR YOU
    Ferentino Tire opens $250m production plant in Sri Lanka
    Ferentino Tire opens $250m production plant in Sri Lanka
    Synthomer raises earnings guidance by 10%
    Synthomer raises earnings guidance by 10%
    Apollo claims “industry first” for service centre in India
    Apollo claims “industry first” for service centre in India
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac