Tyre maker, Goodyear India has posted 20.75% fall in net profit for the first quarter ended March 31, 2012, at Rs 10.92 crore. The company had posted a net profit of Rs 13.78 crore in the corresponding period last year.
The company’s total income from operations during the quarter also went down by 1.83% to Rs 331.06 crore from Rs 337.22 crore in the year-ago period.
Goodyear India is engaged in the manufacturing and marketing automotive tyres, tubes and flaps. Automotive tyres include farm, truck and passenger tyres. Other products of the company include tubes/flaps, rubber products and two and three-wheeler tyres.
