JK Tyre Q4: Profit declines, dividend announced, keep an eye on the stock

News Topical, Digital Desk : The country's leading tyre manufacturer JK Tyre has presented its fourth quarter results. The company's profit has seen a sharp decline compared to last year. According to the data provided by the company, its quarterly profit has fallen by about 43 percent compared to last year. At the same time, the company's income has remained close to the previous levels. On a year-on-year basis, the company's EBITDA has come down by 25 percent. At the same time, a sharp decline has also been seen in the margin. The stock closed with a decline of about 2 percent in Tuesday's trading.

Along with the results, the company has also announced a dividend of Rs 3 per share.

How were the quarterly results? The consolidated profit of the company during the quarter has come down from Rs 169.3 crore to Rs 97 crore. There has been a decrease of 42.7 percent on a year-on-year basis. At the same time, the company's income has increased by 1.6 percent compared to last year and has increased from Rs 3,698 crore to Rs 3,759 crore. The company's EBITDA has come down from Rs 481 crore to Rs 364 crore. There has also been a decline in EBITDA margin and the margin has come down from 12.97 percent to 9.68 percent. 

Automotive Axles Q4  Along with this, Automotive Axles has also presented its fourth quarter results. The company's profit has increased from Rs 44 crore to Rs 45.9 crore. Income has come down from Rs 571.5 crore to Rs 559.6 crore. EBITDA has come down from Rs 63.6 crore to Rs 62.5 crore. EBITDA margin has increased from 11.1 percent to 11.2 percent.

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