The company announced the results after market hours on Friday, 29 July 2011.

Meanwhile, the BSE Sensex was up 121.33 points, or 0.67%, to 18,318.31.

On BSE, 25,596 shares were traded in the counter as against an average daily volume of 73,452 shares in the past one quarter.

The stock hit a high of Rs 103 and a low of Rs 97.10 so far during the day. The stock had hit a 52-week high of Rs 202.60 on 6 September 2010 and a 52-week low of Rs 75.50 on 11 February 2011.

The stock had outperformed the market over the past one month till 29 July 2011, rising 5.28% compared with the Sensex's 2.66% fall. The scrip had also outperformed the market in past one quarter, gaining 8.99% as against 4.91% decline in the Sensex.

The small-cap tyre maker has an equity capital of Rs 41.06 crore. Face value per share is Rs 10.

Commenting on the results, Dr Raghupati Singhania, vice chairman and managing director of the company said, "The company has achieved a sales growth of 20% despite a slower economic growth particularly in the automotive industry, in the 1st quarter. The expansion of the truck/bus radial tyre plant from 8 lakh to 10 lakh tyres per annum has been completed and the production commenced. The full benefit of this additional production would be realized in the coming quarters. The company's expansion at green site at Chennai with a capacity of 4 lakh truck bus radials and 25 lakh of passenger car radials is progressing well and is expected to go on stream by end of this year as per schedule".

Dr Singhania further added that rising costs of inputs along with increase in interest rates are indeed a challenge which is likely to impact the economic growth. J K Tyre has revised its selling prices in recent past and it is pursuing further price increase in the coming months to offset these cost increases.

Truck/bus radialization is increasing significantly and J K Tyre is keeping pace with the needs of the market and continues to be No.1 in this segment.