Moneycontrol
Last Updated : May 18, 2018 10:57 AM IST | Source: Moneycontrol.com

Strong growth in March quarter net profit pushes JK Tyre by 8%

The board has recommended a dividend of Rs 1.50 per equity share of Rs 2 each (75 percent) for the financial year ended March 31, 2018.

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Shares of JK Tyre and Industries rose 8 percent intraday Friday as company reported strong numbers in the quarter ended March 2018.

The company's Q4 net profit was 77 percent at Rs 158.87 crore against Rs 89.48 crore in the same quarter last fiscal.

Revenue from operations was down 1 percent at Rs 2,283.97 crore versus Rs 2309.48 crore.

The board has recommended a dividend of Rs 1.50 per equity share of Rs 2 each (75 percent) for the financial year ended March 31, 2018.

At 10:48 hrs JK Tyre and Industries was quoting at Rs 152.70, up Rs 8.55, or 5.93 percent on the BSE.

Posted by Rakesh Patil
First Published on May 18, 2018 10:57 am
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