JK Tyre and Industries Q3FY22 consolidated PAT slips to Rs. 56.94 crores

JK Tyre & Industries Limited has reported Consolidated financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 3083.95 crores during the period ended December 31, 2021 as compared to Rs. 2997.59 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 56.94 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 66.56 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 2.31 for the period ended December 31, 2021 as compared to Rs. 2.70 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 3083.95 crs	₹2997.59 crs	2.88%
Net Profit	₹56.94 crs	₹66.56 crs	-14.45%
EPS	₹2.31	₹2.70	-14.44%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 3083.95 crores during the period ended December 31, 2021 as compared to Rs.2776 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.56.94 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.224.09 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.31 for the period ended December 31, 2021 as compared to Rs.9.10 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 3083.95 crs	₹2776 crs	11.09%
Net Profit	₹56.94 crs	₹224.09 crs	-74.59%
EPS	₹2.31	₹9.10	-74.62%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.8699.96 crores during the 9 Months period ended December 31, 2021 as compared to Rs.6200.63 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.169.82 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.130.22 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.6.90 for the 9 Months period ended December 31, 2021 as compared to Rs.5.29 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹8699.96 crs	₹6200.63 crs	40.31%
Net Profit	₹169.82 crs	₹130.22 crs	30.41%
EPS	₹6.90	₹5.29	30.43%

Shares of JK Tyre & Industries Limited was last trading in BSE at Rs. 133.25 as compared to the previous close of Rs. 136.40. The total number of shares traded during the day was 147833 in over 2512 trades.

The stock hit an intraday high of Rs. 134.25 and intraday low of 130.75. The net turnover during the day was Rs. 19699103.00.

Source : Equity Bulls

Keywords

JKTyreandIndustries Q3FY22 9MFY22 ResultUpdate