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Goodyear India Q2 profit down by 31pct

Auto News - Published on Fri, 09 Nov 2018

Image Source: Goodyear
Economic Times reported that tyre maker Goodyear India reported 31.42 per cent decline in standalone net profit at INR 28.74 crore in the second quarter ended September 30. The company had posted a standalone net profit of INR 41.91 crore in the same quarter last fiscal.

Goodyear India said in a regulatory filing that its total income during the period under review stood at INR 499.12 crore. It was at INR 425.26 crore in the same quarter last fiscal. During the second quarter, the company's total expenses stood at INR 454.94 crore as compared to INR 360.97 crore in the corresponding period last year.

Cost of materials consumed was higher at INR 216.3 crore as against INR 168.79 crore in the year-ago quarter.

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Posted By : Joykumar Irom on Fri, 09 Nov 2018
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