Latest news with #GoodyearIndia
Time of India
13 hours ago
- Automotive
- Time of India
Goodyear India's first-quarter profit falls on weak auto demand
Tyremaker Goodyear India reported a 43.6 per cent fall in first-quarter profit on Monday, hurt by dampened automobile demand. The net profit of U.S.-based Goodyear Tire's Indian unit fell to 141.1 million rupees ($1.61 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1 per cent in the quarter ending June, compared to 16.4 per cent growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1 per cent to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Total expenses fell 3 per cent to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT reported a fall in June-quarter profit, while MRF is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8 per cent in the quarter ended June 30.
Business Standard
a day ago
- Business
- Business Standard
Goodyear India standalone net profit declines 43.63% in the June 2025 quarter
Sales decline 5.09% to Rs 656.22 crore Net profit of Goodyear India declined 43.63% to Rs 14.11 crore in the quarter ended June 2025 as against Rs 25.03 crore during the previous quarter ended June 2024. Sales declined 5.09% to Rs 656.22 crore in the quarter ended June 2025 as against Rs 691.38 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 656.22691.38 -5 OPM % 4.306.41 - PBDT 31.6447.31 -33 PBT 18.9633.45 -43 NP 14.1125.03 -44
Business Recorder
a day ago
- Automotive
- Business Recorder
Goodyear India's first-quarter profit falls on weak auto demand
Tyremaker Goodyear India reported a 43.6% fall in first-quarter profit on Monday, hurt by dampened automobile demand. The net profit of U.S.-based Goodyear Tire's Indian unit fell to 141.1 million rupees ($1.61 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1% in the quarter ending June, compared to 16.4% growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1% to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Indian equity benchmarks to open higher; US tariffs continue to weigh Total expenses fell 3% to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT reported a fall in June-quarter profit, while MRF is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8% in the quarter ended June 30.
Business Times
a day ago
- Automotive
- Business Times
Goodyear India's Q1 profit falls on weak auto demand
[NEW DELHI] Tyre maker Goodyear India reported a 43.6 per cent fall in first-quarter profit on Monday (Aug 11), hurt by dampened automobile demand. The net profit of US-based Goodyear Tire's Indian unit fell to 141.1 million rupees (S$2.06 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1 per cent in the quarter ending June, compared with 16.4 per cent growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1 per cent to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Total expenses fell 3 per cent to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT reported a fall in June-quarter profit, while MRF is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8 per cent in the quarter ended June 30. REUTERS
Reuters
a day ago
- Automotive
- Reuters
Goodyear India's first-quarter profit falls on weak auto demand
Aug 11 (Reuters) - Tyremaker Goodyear India ( opens new tab reported a 43.6% fall in first-quarter profit on Monday, hurt by dampened automobile demand. The net profit of U.S.-based Goodyear Tire's (GT.O), opens new tab Indian unit fell to 141.1 million rupees ($1.61 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1% in the quarter ending June, compared to 16.4% growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1% to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Total expenses fell 3% to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT ( opens new tab reported a fall in June-quarter profit, while MRF ( opens new tab is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8% in the quarter ended June 30. ($1 = 87.6212 Indian rupees)
