BusinessPhoto: MintTyre Companies Face Profit Declines, Consider Price Hikes
JK Tyres reported a 36% year-on-year drop in EBITDA to ₹343 crore and a 73% fall in profit after tax to ₹60 crore in the September quarter. Ceat's EBITDA declined 11% to ₹452 crore, with profit after tax down 40% to ₹112 crore compared to the previous year. Rising rubber costs are pressuring margins.
Mint·



