JK Tyres Q1 net profit at Rs 64.24 crore

New Delhi: Tyre manufacturer JK Tyres and Industries on Wednesday reported a net profit of Rs 64.24 crore for the April-June quarter of 2018-19.

The profit in the first quarter (Q1) of 2018-19 comes against the loss of Rs 117.21 crore in the corresponding period of 2017-18, JK Tyres said in a statement.

The company’s total revenue for the period under review stood at Rs 2,439.52 crore, 26.28 per cent higher than Rs 1,931.80 crore reported during April-June 2017-18.