Q2 Result: Goodyear India Profit Falls 20 Percent To 39 Crore

Published On 12-Nov-2021By TyreDekho Team

The company had posted a net profit of Rs 49 crore in the same period of previous fiscal year.

Q2 Result: Goodyear India Profit Falls 20 Percent To 39 Crore

Goodyear India has reported a 20.4 percent decline in consolidated net profit at INR 39 crore for the second quarter ended September 30, 2021.

The company had posted a net profit of Rs 49 crore in the same period of previous fiscal year.

The factory was partially offset by higher volumes and lower incremental overheads, Goodyear India said in a release.

The total income rose to Rs 705 crore in the second quarter, up 75 percent  as compared to Rs 487 crore in the year-ago period.

Sandeep Mahajan, Chairman & Managing Director of Goodyear India Ltd said, "We continue to see robust demand across all product categories as India's economy regains momentum. Against this backdrop, our farm and consumer businesses delivered solid results, supported by expanded distribution and our strong OE position."

Q2 Result: Apollo Tyres Registers Net Profit Of 174 Crore

"In addition to the volume benefits, the economic recovery is contributing to the industry's cost pressures. In this inflationary environment, we're leveraging the strength of the Goodyear brand and our industry-leading products. Capturing more of this value in the marketplace helped us improve our profitably sequentially despite a significant increase in raw material costs," added Mahajan.

Looking for new Goodyear tyre? Find a dealer near you

You Might Also Be Interested In

Top Rated Goodyear Tyres

Latest Tyres

  • Car
  • Bike
  • Truck
  • Zapper C1
    Zapper C1
    90/100 R10
    Rs1,345
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View August Offers
  • Gripp XL F
    Gripp XL F
    90/90 R19 52P
    Rs2,235
    • iconBike Tyre
    • iconTube
    • iconFuel Efficient
    • iconWet Grip
    View August Offers
  • Centauro NS
    Centauro NS
    190/55 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View August Offers
  • Smart Blaze RYDR BR43
    Smart Blaze RYDR BR43
    140/70-17
    Rs4,200
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View August Offers
  • Conta 725
    Conta 725
    90/90 R12
    Rs1,490
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View August Offers
  • icon5
    M6303
    M6303
    90/90 R12 54J
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View August Offers
  • BT SPORTMAXX
    BT SPORTMAXX
    140/70 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View August Offers
  • Feelfree
    Feelfree
    120/70 R15 56H M/C
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View August Offers

Best Tyres

  • Car
  • Bike
  • Truck
×
Which is your city ?