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Goodyear India reports 91% surge in Q1 net profit

29 Apr 2013 Evaluate

Goodyear India has reported results for the first quarter ended March 31, 2013.

The company has reported rise of 90.57% in its net profit at Rs 20.81 crore for the quarter ended March 31, 2013 as compared to Rs 10.92 crore for the same quarter in the previous year. Total income from operation of the company has increased marginally by 1.50% at Rs 336.58 crore for quarter under review as compared to Rs 331.60 crore for the quarter ended March 31, 2012.

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.

Peers
Company Name CMP
MRF 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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