- 23 Jun 2020
- Stockmarket
- MAR/2020
- Comments: 0
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Jk tyre has announced quarterly result of march their net profit quarter on quarter went to down 501.71% and net profit year on year went to down 230.92%.
Net profit margin quarter on quarter went to down -2.60% from 0.50% it was in dec-2019. Net sales decreased to -18.41% in quarterly and net sales decreased to -33.67% in yearly. Depreciation increased to 10.24% in quarterly and it increased to 28.52% in quarterly.
| No. of Mths | 3 | 3 | 3 | 3 | 3 | Quarter On Quarter % | Year On Year % | |
|---|---|---|---|---|---|---|---|---|
| Qtr. Ending | Mar-19* | Jun-19* | Sep-19* | Dec-19* | Mar-20* | |||
| Net Sales | Rs m | 27,059 | 25,754 | 21,550 | 21,998 | 17,948 | -18.41 | -33.67 |
| Other income | Rs m | 101 | 61 | 67 | 73 | 83 | 13.70 | -17.82 |
| Turnover | Rs m | 27,160 | 25,815 | 21,617 | 22,071 | 18,031 | -18.30 | -33.61 |
| Expenses | Rs m | 24,449 | 23,358 | 18,586 | 19,556 | 15,873 | -18.83 | -35.08 |
| Gross profit | Rs m | 2,582 | 2,443 | 2,461 | 2,450 | 1,463 | -40.29 | -43.34 |
| Depreciation | Rs m | 796 | 912 | 916 | 928 | 1,023 | 10.24 | 28.52 |
| Interest | Rs m | 1,415 | 1,385 | 1,396 | 1,361 | 1,348 | -0.96 | -4.73 |
| Profit before tax | Rs m | 472 | 207 | 216 | 233 | -824 | -453.65 | -274.58 |
| Tax | Rs m | 113 | 50 | -1,470 | 117 | -355 | -403.42 | -414.16 |
| Profit after tax | Rs m | 359 | 157 | 1,686 | 117 | -470 | -501.71 | -230.92 |
| Gross profit margin | % | 9.5 | 9.5 | 11.4 | 11.1 | 8.2 | ||
| Effective tax rate | % | 23.9 | 24.2 | -679.6 | 50 | 43 | ||
| Net profit margin | % | 1.3 | 0.6 | 7.8 | 0.5 | -2.6 |
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