JK Tyre Achieves “Excellent Performance” in Quarter
During the first quarter of the current financial year JK Tyre & Industries Ltd. recorded “an excellent performance,” the company’s vice-chairman and managing director, Dr. Raghupati Singhania, noted. According to Dr. Singhania, this positive performance took the form of “all round cost reduction measures, better operating efficiencies, productivity and richer product mix.”
During the three months from April to June, the company achieved nets sales of Rs 8.98 billion (£112.4 million) and operating profit of Rs 1.07 billion (£13.4 million). The unaudited results show pre-tax profit to be Rs 620 million (£7.76 million).