JK Tyre Q2 Net Profit Falls 71% to ₹65 Crore
JK Tyre & Industries reported consolidated net profit of ₹65.11 crore for the second quarter, down 71% year over year from ₹227 crore. The company cited operating conditions and geopolitical tensions in West Asia.
Hit by operating environment and geopolitical tensions in West Asia, JK Tyre & Industries (JK Tyre) on Friday reported a y-o-y decline of 71.30 per cent in its consolidated net profit to₹65.11 crore in the second quarter this year as compared with ₹227 crore in the same period last year.EBITDA marg…