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02-Feb-2024

Goodyear India

OP down 9.25%

'For quarter ended Dec 2023, standalone Net sales (including other operating income) of Goodyear India has declined 14.18% to Rs 591.40 crore compared to quarter ended Dec 2022.  Operating profit margin has jumped from 6.37% to 6.73%, leading to 9.25% decline in operating profit to Rs 39.81 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 36.74% to 36.94%.   Purchase of finished goods cost fell from 38.69% to 35.55%.   Employee cost increased from 5.99% to 7.84%.   Other expenses rose from 12.17% to 13.25%.   

Other income up 33.85% to Rs 5.18 crore.  PBIDT fell 5.76% to Rs 44.99 crore.  Provision for interest up 19.77% to Rs 1.03 crore.  

PBDT fell 6.23% to Rs 43.96 crore.  Provision for depreciation rose 0.22% to Rs 13.85 crore.  

Profit before tax down 8.92% to Rs 30.11 crore.  Prov...



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  • Results-Analysis   (02-Feb-2024)

    Goodyear India

    OP down 9.25%

  • Results-Analysis   (27-Oct-2023)

    Goodyear India

    PAT up 40% on back of margin improvement

  • Results-Analysis   (03-Aug-2023)

    Goodyear India

    Net up 4% largely on 160bps expansion in OPM

  • Results-Analysis   (30-May-2023)

    Goodyear India

    PAT up 93% gained largely by higher OPM