JK Tyre netup over than 4-fold to `159cr

New Delhi: JK Tyre & Industries on Friday reported an over four-fold rise in consolidated net profit at Rs 158.59 crore for the first quarter ended June 30, 2023.The company had posted a consolidated net profit of Rs 35.13 crore for the same period of the last fiscal, JK Tyre & Industries said in a regulatory filing. Revenue from operations was at Rs 3,718.08 crore as compared to Rs 3,643.03 crore in the year-ago quarter, it added. Total expenses were lower at Rs 3,489.01 crore as against Rs 3,557.97 crore in the same period a year ago.