The result was announced after market hours yesterday, 17 May 2018.

Meanwhile, the S&P BSE Sensex was down 154.26 points, or 0.44% to 34,994.86.

On the BSE, 1.86 lakh shares were traded in the counter so far compared with average daily volumes of 69,000 shares in the past two weeks. The stock had hit a high of Rs 155.55 and a low of Rs 149.70 so far during the day. The stock hit a record high of Rs 192.95 on 12 February 2018. The stock hit a 52-week low of Rs 128 on 14 December 2017.

Commenting upon the results, Dr Raghupati Singhania, chairman and managing director of the company said that in the year 2017-2018, the sales volumes at JK Tyre grew by 11%. The company registered a growth higher than the industry at large, which helped JK Tyre increase its presence across categories especially in truck, light truck, small commercial vehicle (SCV), farm and off-the-road (OTR) tyres. Dr Singhania further added that the year witnessed an unprecedented increase in oil prices which had a major impact on margins.

JK Tyre & Industries is a leading tyre manufacturer in India with a wide range of products catering to diverse business segments in the automobile industry.

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JK Tyre & Industries announced that the Board of Directors of the Company at its meeting held on 17 May 2018, has recommended a final dividend of Rs.1.50 per share (i.e.75%), subject to the approval of the shareholders.

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The results were announced after market hours on Monday, 12 February 2018.

Meanwhile, the S&P BSE Sensex was up 28.44 points, or 0.08% to 34,328.91.

On the BSE, 2.26 lakh shares were traded in the counter so far compared with average daily volumes of 2.64 lakh shares in the past one quarter. The stock had hit a high of Rs 186.90 and a low of Rs 179.25 so far during the day. The stock hit a record high of Rs 192.95 on 12 February 2018. The stock hit a 52-week low of Rs 112 on 14 February 2017.

The stock had outperformed the market over the past 30 days till 12 February 2018, rising 7.79% compared with 0.84% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 28.79% as against Sensex's 4.12% rise. The scrip had also outperformed the market in past one year, rising 63.11% as against Sensex's 20.98% rise.

The mid-cap company has equity capital of Rs 45.36 crore. Face value per share is Rs 2.

In a separate announcement after market hours on Monday, 12 February 2018, JK Tyre & Industries said that its board approved raising of funds by issue of securities, convertible/non-convertible, by way of private offerings/qualified institutions placement or any combination thereof, subject to such approvals as may be required, for an amount upto Rs 1000 crore, in one or more tranches, to eligible investors in such manner and on such terms and conditions including security, rate of interest, etc. as may be permitted under applicable laws.

JK Tyre & Industries is a leading tyre manufacturer in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments in the automobile industry.

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Net profit of JK Tyre & Industries declined 62.53% to Rs 29.29 crore in the quarter ended December 2017 as against Rs 78.17 crore during the previous quarter ended December 2016. Sales rose 21.86% to Rs 1732.66 crore in the quarter ended December 2017 as against Rs 1421.90 crore during the previous quarter ended December 2016.

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