JK Tyre & Industries reports consolidated net loss of Rs 199 crore in Q1

07 Aug 2020 Evaluate

JK Tyre & Industries has reported results for the first quarter ended June 30, 2020.

The company has reported net loss of Rs 74.69 crore for the quarter under review against net profit of Rs 17.33 crore for the same quarter in the previous year. Total income of the company decreased by 55.76% at Rs 800.48 crore for Q1FY21 as compared Rs 1809.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributed to owners at Rs 198.85 crore for the quarter under review against net profit of Rs 16.91 crore for the same quarter in the previous year. Total income of the company decreased by 55.91% at Rs 1138.14 crore for Q1FY21 as compared Rs 2,581.47 crore for the corresponding quarter previous year.

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