JK Tyre’s Q2 net profit up more than triples y/y to USD24 million

Financial results

Revenue down 13.5% y/y

JK Tyre has reported a more than threefold jump year-on-year (y/y) in net profit to INR1.7 billion (USD24 million) for the second quarter ended 30 September 2019, the Indian tire-maker said in a regulatory filing on 30 October.

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