Financial Daily from THE HINDU group of publications
Sunday, Jan 22, 2006
Financial Daily from THE HINDU group of publications Sunday, Jan 22, 2006 |
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Corporate Results
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Tyres J.K. Industries back to black
NEW DELHI: J.K. Industries (JKI) has reported a net profit of Rs 2.47 crore for the first quarter ended December 31, 2005 against a net loss of Rs 9.20 crore recorded in the quarter ended December 31, 2004. Gross sales stood at Rs 652.49 crore against Rs 504.87 crore. For the year ended September 30, 2005, the company had recorded a net profit of Rs 16.76 crore on gross sales of Rs 2,383.82 crore. "JKI has been able to achieve this remarkable performance in the background of unabated increase in input costs. Several measures including aggressive cost cutting, product re-engineering and enrichment of product and market mix initiated earlier have helped achieve these results," Mr Raghupati Singhania, Vice-Chairman and Managing Director, JKI, said in a statement here.
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