J K Industries net triples to Rs 8.17 cr

New Delhi, Jan 30 (UNI) J K Industries today posted a net profit of Rs 8.17 crore, which has more than tripled, compared to the corresponding quarter of the previous year.

''With heavy investment in infrastructure and accelerated economic activity, road transport sector and tyre industry are the natural beneficiaries. Foreseeing the demand acceleration, the company undertook an expansion of truck radial and passenger radial tyre capacity last year, the benefits of which will be derived during the current year,'' Vice Chairman and Managing Director Raghupati Singhania said.

The company's board also recommended stepping up of the dividend to 25 per cent against 20 per cent in the previous year.

UNI