JK Tyre 3QFY2011 Performance Highlights and Results Update
JK Tyre reported a mixed set of results for 3QFY2011, with strong top-line growth following higher offtake in OEM volumes; however, the bottom line was down significantly due to contraction in EBITDA margin. The company’s EBITDA margin declined substantially due to the sharp increase in rubber prices. However, the stock is available at attractive valuations […]