JK Tyre & Industries Limited announced unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the consolidated company reported net sales of INR 17,038.6 million against INR 17,491.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,824.3 million against INR 2,514.2 million a year ago. Profit from ordinary activities before tax was INR 1,471.6 million against INR 1,802.7 million a year ago. Net profit for the period was INR 1,002.0 million against INR 1,163.4 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 4.42 against INR 5.16 a year ago. For the quarter, the standalone company reported net sales of INR 14,635.7 million against INR 14,764.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,098.6 million against INR 2,215.2 million a year ago. Profit from ordinary activities before tax was INR 1,460.3 million against INR 1,610.3 million a year ago. Net profit for the period was INR 1,008.5 million against INR 1,088.1 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 4.45 against INR 4.80 a year ago.