Goodyear India Reports Decline in Q1 Financial Performance
Goodyear India Limited's Q1 financial results show a decline in performance. Revenue from operations decreased by 5.1% to ₹65,622.00 lakhs. Net profit fell by 43.6% to ₹1,411.00 lakhs. EBITDA decreased to ₹2,820.00 lakhs, with the EBITDA margin contracting to 4.30%. Despite challenges, the company maintained focus on operational efficiency with reduced material costs and stable employee benefits expenses.
04Jul 25
Goodyear India Grapples with Inventory Shortage and Potential Theft
Goodyear India is experiencing financial impacts due to an inventory shortage. An Ernst & Young report has revealed possible tyre theft by employees. The company has initiated legal and disciplinary actions against those allegedly involved. This situation may affect Goodyear India's financial performance, operational efficiency, reputation, and lead to potential legal and compliance issues.
Goodyear India's Q4 Performance: EBITDA Triples, Revenue Grows 8.9%, Final Dividend Announced
Goodyear India Limited has reported impressive Q4 financial results, showcasing significant improvements across key metrics. The company's EBITDA surged by 222% to ₹173.40 crore, while revenue increased by 8.9% to ₹600.00 crore. Notably, Goodyear India turned a net loss of ₹42.10 crore into a profit of ₹48.70 crore. The EBITDA margin improved from 0.98% to 2.88%. Additionally, the company has recommended a final dividend of ₹23.90 per equity share.
21Apr 25
Goodyear to Review Farm Tire Business, Potential Impact on Goodyear India
Goodyear, parent company of Goodyear India, announced a strategic review of its farm tire business. This could significantly affect Goodyear India's operations and market position in the agricultural sector. The review may lead to restructuring, potential divestment, or changes in product lineup and market strategy for the Indian subsidiary. Investors are closely watching for potential impacts on Goodyear India's stock and future performance.