Shares of JK Tyre are among the top performers on the Nifty 500 index today and has gained as much as 15.69 per cent to ₹76.7. The stock is up for the third consecutive day and has gained 24.11 per cent.
Q2 performance
The company reported a consolidated net profit of ₹110 crore for the second quarter ended September 30, down 34 per cent compared with ₹168 crore in the corresponding period last year. However, consolidated revenue from operations grew 6 per cent year-on-year to ₹2,275 crore (₹2,155 crore).
On a quarter-on-quarter basis, the company's financial results improved a lot. It had, during the April-June quarter, reported a net loss of ₹204 crore and its revenue from operations was at ₹1,131 crore.