This low PE JK group stock reported stellar performance; PAT jumped 400 per cent!
This low PE JK group stock reported stellar performance; PAT jumped 400 per cent!

This low PE JK group stock reported stellar performance; PAT jumped 400 per cent!

JK Tyre's Impressive Q2FY24 Performance: Impressive Growth and Operational Insights

Aniket Gogate Article rating: 4.2

During this period, the company reported a revenue of Rs 3,897.53 crore, reflecting a 3.75% increase compared to the same quarter in the previous fiscal year, indicating consistent top-line growth. Notably, the operating profit reached Rs 596.93 crore, demonstrating an impressive growth of 95.58% from the corresponding quarter in FY23. This significant increase in operating profit signifies the company's effective cost management, resulting in a healthier profit margin. The profit before tax (PBT) stood at Rs 376.82 crore, representing a remarkable growth of 412.26% compared to the PBT of Rs 73.56 crore in Q2FY23. The profit after tax (PAT) exhibited substantial growth, amounting to Rs 248.62 crore, which represents a remarkable increase of 401.15% from the PAT of Rs 49.61 crore in the same quarter of the previous fiscal year.

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