• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Steep rubber prices hit margins

New Delhi , Oct. 26

Steep rubber prices have dented tyre major JK Industries' margins. The company on Thursday reported a profit after tax of Rs 17 crore for the year ended September 30, 2006, marginally higher than the Rs 16.76 crore recorded for its previous financial year.

For the quarter ended September 2006, it registered a net profit of Rs 6.63 crore, down 65 per cent against Rs 19.06 crore for the quarter ended September 2005.

The company's turnover stood at Rs 2,971 crore for the year ended September 2006, registering a growth of 24 per cent against Rs 2,400 crore for the last fiscal, said a release. For the quarter ended September 2006, it registered a turnover of Rs 806.81 crore, up 19.6 per cent against Rs 674.13 crore in the previous year.

"In spite of the unprecedented increase in the cost of the raw material, which has not been fully recovered even after price hike, JK has achieved this performance through all-round cost reduction, apart from increased production," said Mr Raghupati Singhania, vice-chairman and managing director, JK Industries, in a release here.

More Stories on : Tyres

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SRF Q2 profit zooms

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line