Latest News | BIZ-STOCKS-JK TYRE JK Tyre Shares Fall 4 Pc After Q4 Earnings
Get latest articles and stories on Latest News at LatestLY. Shares of JK Tyre and Industries on Tuesday fell by 4 per cent after the company reported a consolidated net loss of Rs 52.78 crore for the fourth quarter ended on March 31, 2020.
New Delhi, Jun 16 (PTI) Shares of JK Tyre and Industries on Tuesday fell by 4 per cent after the company reported a consolidated net loss of Rs 52.78 crore for the fourth quarter ended on March 31, 2020.
The stock declined 4.08 per cent to close at Rs 61.15 on the BSE. During the day, it plunged 6.66 per cent to Rs 59.50.
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On the NSE, it fell 4.15 per cent to settle at Rs 61.10.
JK Tyre and Industries on Monday reported a consolidated net loss of Rs 52.78 crore for the fourth quarter ended on March 31, 2020.
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The company had posted a net profit of Rs 33.66 crore for January-March period of 2018-19.
Revenue from operations declined to Rs 1,794.76 crore for the fourth quarter as against Rs 2,703.71 crore in the same period of 2018-19, JK Tyre and Industries said in a regulatory filing.
For 2019-20 fiscal, the company reported a net profit of Rs 141.31 crore as compared with Rs 170.57 crore in 2018-19, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)