JK Tyre's quarterly profit drops for first time in two years in Q2FY25
Tue, Nov 5, 2024 6:11 PM

JK Tyre's quarterly profit drops for first time in two years in Q2FY25

A Flip by Avya Verma
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JK Tyre & Industries reported its first quarterly profit fall in two years on November 5, hurt by weak tyre sales to car, bus and truck makers. The tyre maker's consolidated net profit for the July-September quarter fell 44% year-on-year to Rs 135 crore. Its second-quarter revenue declined 7% to Rs 3,622 crore, after dropping for the first time in four years in the April-June period.

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