Shares Of JK Tyre And Industries Rose 8 Percent Intraday As Company Reported Strong

Shares of JK Tyre and Industries rose 8 percent intraday as company reported strong numbers in the quarter ended March 2018.

The company's Q4 net profit was 77 percent at Rs 158.87 crore against Rs 89.48 crore in the same quarter last fiscal.

Revenue from operations was down 1 percent at Rs 2,283.97 crore versus Rs 2309.48 crore.

The board has recommended a dividend of Rs 1.50 per equity share of Rs 2 each for the financial year ended March 31, 2018.

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