JK Tyres net up 26pc for Q4'06

Mumbai, Apr 28 (UNI) Indian tyre industry major J K Industries ltd, has registered a turnover of Rs 716 crore for the fourth quarter of the FY 2005-06 showing an impressive growth of 26 per cent over the corresponding quarter of the previous year.

Announcing the result a company spokesperson said, operating profit has increased by 46 per cent to Rs 41 crore, whereas profit before tax increased to Rs 5 crores compared to a loss of Rs 4 crores in the same quarter of the previous fiscal.

The spokesperson stated, the increased performance despite the anabated increase in the input cost, like petroleum products and natural rubber, has however resulted in reduced margins for the company.

With sales surging ahead on full realisation of the recent expansion, it is expected to further strengthen the company's leadership in the Indian tyre market, he added UNI VS PP SKB1830