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Stock Report
JK Tyre & Industries Ltd Q2FY21 consolidated net profit at Rs. 104.98 crore
Posted On : 2020-10-21 18:56:25( TIMEZONE : IST )
JK TYRE & INDUSTRIES LTD. has reported financial results for the period ended September 30, 2020.
Financial Results (Q2 FY20-21) - QoQ Comparison
The company has reported total income of Rs.2286.49 crores during the period ended September 30, 2020 as compared to Rs.1138.14 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.104.98 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(198.85) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.4.26 for the period ended September 30, 2020 as compared to Rs.(8.08) for the period ended June 30, 2020.
| Financials | Q2 FY20-21 | Q1 FY20-21 | % Change |
| Total Income | ₹ 2286.49 crs | ₹ 1138.14 crs |  100.9% |
| Net Profit | ₹ 104.98 crs | ₹ (198.85) crs | 152.79% |
| EPS | ₹ 4.26 | ₹ (8.08) | 152.72% |
Financial Results (Q2 FY20-21) - YoY Comparison
The company has reported total income of Rs.2286.49 crores during the period ended September 30, 2020 as compared to Rs.2161.66 crores during the period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.104.98 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.170.10 crores for the period ended September 30, 2019.
The company has reported EPS of Rs.4.26 for the period ended September 30, 2020 as compared to Rs.6.91 for the period ended September 30, 2019.
| Financials | Q2 FY20-21 | Q2 FY19-20 | % Change |
| Total Income | ₹ 2286.49 crs | ₹ 2161.66 crs | 5.77% |
| Net Profit | ₹ 104.98 crs | ₹ 170.10 crs |  -38.28% |
| EPS | ₹ 4.26 | ₹ 6.91 | -38.35% |
Financial Results (6 months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.3424.63 crores during the 6 months period ended September 30, 2020 as compared to Rs.4743.13 crores during the 6 months period ended September 30, 2019.
The company has posted net profit / (loss) of Rs.(93.87) crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.187.01 crores for the 6 months period ended September 30, 2019.
The company has reported EPS of Rs.(3.81) for the 6 months period ended September 30, 2020 as compared to Rs.7.59 for the 6 months period ended September 30, 2019.
| Financials | Half-Year Ended FY20-21 | Half-Year Ended FY19-20 | % Change |
| Total Income | ₹ 3424.63 crs | ₹ 4743.13 crs | -27.8% |
| Net Profit | ₹ (93.87) crs | ₹ 187.01 crs | -150.2% |
| EPS | ₹ (3.81) | ₹7.59 | -150.2% |
Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director of the Company said, "JK Tyre achieved higher sales on the back of economic recovery, more so in the automotive sector, which has taken place during the quarter. The Company was well positioned to take benefit of this emerging opporhrnity, and as a maffer of fact, it could achieve healthy sales in the replacement market, doing better than the industry. The renewed thrust on exports resulted in higher Export Sales of Rs. 337 Crores during the quarter."
Shares of JK TYRE & INDUSTRIES LTD. was last trading in BSE at Rs.60.6 as compared to the previous close of Rs. 58.7. The total number of shares traded during the day was 114944 in over 1118 trades.
The stock hit an intraday high of Rs. 61.8 and intraday low of 58.55. The net turnover during the day was Rs. 6947216.
