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This is an archive article published on August 9, 2013

Goodyear India Ltd quarterly net profit jumps 80 pct to Rs 25.62 cr

Tyre maker Goodyear reported 79.78 per cent increase in its net profit to Rs 25.62 crore.

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Tyre maker Goodyear India Ltd reported 79.78 per cent increase in its net profit to Rs 25.62 crore for the first quarter ended June 30,2013,due to slow down in the automotive market.

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The company had posted a net profit of Rs 14.25 crore in the same period previous fiscal,Goodyear said in a filing to the BSE.

Company’s income from operations increased to Rs 422.19 crore in the April-June quarter,compared to Rs 399.89 crore during the same period last year.

Goodyear’s shares had closed yesterday at Rs 306.90 per scrip on BSE,up 1.72 per cent from its previous close.

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