JK Tyre & Industries is currently trading at Rs. 425.00, up by 20.70 points or 5.12% from its previous closing of Rs. 404.30 on the BSE.

The scrip opened at Rs. 438.00 and has touched a high and low of Rs. 446.75 and Rs. 421.55 respectively. So far 306766 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 554.35 on 05-Feb-2024 and a 52 week low of Rs. 177.05 on 23-May-2023.

Last one week high and low of the scrip stood at Rs. 446.75 and Rs. 391.75 respectively. The current market cap of the company is Rs. 11102.92 crore.

JK Tyre & Industries

The promoters holding in the company stood at 53.13%, while Institutions and Non-Institutions held 20.47% and 26.40% respectively.

JK Tyre & Industries has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported over 2-fold jump in its net profit at Rs 146.29 crore for the quarter under review as compared to Rs 67.32 crore for the same quarter in the previous year. Total income of the company increased by 9.36% at Rs 2629.01 crore for Q4FY24 as compared Rs 2403.90 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 53.87% rise in its net profit at Rs 171.66 crore for fourth quarter ended March 31, 2024 as compared to Rs 111.56 crore for the same quarter in the previous year. Total income of the company increased by 1.90% at Rs 3714.08 crore for Q4FY24 as compared Rs 3644.92 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported over 3-fold jump in its net profit at Rs 590.76 crore as compared to Rs 183.77 crore for the previous year. Total income of the company increased by 7.25% at Rs 10349.49 crore for year under review as compared to Rs 9649.44 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 3-fold jump in its net profit at Rs 805.94 crore as compared to Rs 263.05 crore for the previous year. Total income of the company increased by 2.48% at Rs 15046.13 crore for year under review as compared to Rs 14681.46 crore for year ended March 31, 2023.