JKTYRE Q2 : CONS NET PROFIT DOWN 63.5% AT ₹39.81 CR (YOY), UP 57.6% (QOQ); MIX (ON 1ST LOOK)

Revenue up 20.7% at ₹4,840.73 Cr (YOY), up 22.7% (QOQ). Ebitda up 10.1% at ₹343.14 Cr (YOY), up 28.2% (QOQ); margins 7.1% v 7.8% (YOY), 6.8% (QOQ). Caution: Q2 exceptional loss ₹12.31 Cr includes forex loss ₹6.15 Cr and VRS expense ₹6.16 Cr.

JK Tyre & Industries Limited

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