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Midcap Tyre Manufacturer Reports 44 per cent Decline in Q2 Earnings
Midcap Tyre Manufacturer Reports 44 per cent Decline in Q2 Earnings

Midcap Tyre Manufacturer Reports 44 per cent Decline in Q2 Earnings

JK Tyre’s quarterly net profit stood at Rs 135.04 crore in September 2024, down significantly by 44.22 per cent from Rs 242.11 crore recorded in the corresponding quarter of the previous year.

Manoj Reddy Sama Article rating: 5.0

JK Tyre & Industries, a prominent player in the tyre manufacturing sector, reported net sales of Rs 3,621.56 crore for the September 2024 quarter, marking a 7.08 per cent decrease from Rs 3,897.53 crore in the same period of the previous fiscal year.

Stocks below Rs 100: Only buyers seen in these scrips on September 15
Stocks below Rs 100: Only buyers seen in these scrips on September 15

Stocks below Rs 100: Only buyers seen in these scrips on September 15

On the sectoral front, BSE Power, BSE Auto & BSE Utilities were the major gainers whereas BSE IT, BSE Metal, and BSE Realty were the major wealth eroders.  

Sayali Kotwal Article rating: 4.4

At day end  on Thursday, the headline equity indices, i.e. Sensex and Nifty 50 closed the session on the steeper side, owing to inflation fears and weaker sentiments in Asia Pacific markets.  

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