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JK Tyre & Industries Ltd (JKIN.NS)

JKIN.NS on National Stock Exchange of India

138.75INR
15 Dec 2017
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Rs9.65 (+7.47%)
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Tue, Nov 14 2017

BRIEF-India's JK Tyre & Industries Sept-qtr consol profit falls

* Sept quarter consol profit 174.3 million billion rupees versus profit of 1 billion rupees last year

BRIEF-JK Tyre & Industries says steep increase in raw material prices dented margins‍​

* Says "steep increase in prices of raw materials without commensurate increase in selling prices dented margins"‍​ Source text: [JK Tyre & Industries Ltd. (JKTIL) today announced Un-audited results for the Quarter ended June 2017. Commenting on the results, Dr. Raghupati Singhania, Chairman & Managing Director said, "we are indeed passing through challenging times. The raw material costs increased by about 30% over the corresponding quarter. Such steep increase in prices of raw materials with

BRIEF-India's JK Tyre & Industries posts June-qtr consol loss

* June quarter consol loss 1.08 billion rupees versus profit of 1 billion rupees last year

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