JK Tire and Industries recorded its joint net profit of 76.6 percent during the third quarter of FY 25 and declined to Rs 51.5 crore. Operating revenue also declined by 0.38 percent to Rs 3,673.6 crore. The increase in natural rubber prices has been attributed to this decline in net profit. On a quarterly basis, operations increased by up to 1.4 percent of revenue, while the post -graduate profit (PAT) declined by 61.8 percent.
Commenting on the results, the company’s chairman and managing director Raghupati Singhania said, “JK Tire saw a good growth in the replacement market during the quarter. The rising cost of raw materials, especially the natural rubber, affected the margin, dealt with better management of some value modifications and cost to an extent. Given the future, the demand in the replacement market is promising and OEM is on the path of improvement. Apart from this, the export market is providing new opportunities in view of the rupee/dollar ratio.
The integrated net profit of real estate company Godrej Properties in the third quarter of the current financial year 2024-25 was 2.5 times to Rs 162.64 crore. The company’s net profit in the third quarter (October-December) of the company last financial year 2023-24 was Rs 62.27 crore. Godrej Properties reported in the information to the stock market, “His total income in the period under review was doubled from Rs 548.31 crore to Rs 1,239.97 crore on an annual basis.” Godrej Properties is one of the country’s leading real estate developers. It has a significant presence in the Delhi-National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Pune and Bengaluru. Language