Published on 14/02/2018 3:37:42 PM | Source: Dion Global Solutions Ltd

Goodyear India Q3 net profit up 13.15% at Rs 37.61 cr

The company reported standalone net profit of Rs 37.61 crore for the quarter ended December 31, 2017 as compared to Rs 33.24 crore in the same period last year, registering a year-on-year growth of 13.15 per cent. Net revenue of the company rose moderately by 6.70 per cent at Rs 398.90 crore in October-December quarter of this fiscal as against Rs 373.85 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 6.21 per cent to Rs 344.63 crore from Rs 324.48 crore in year ago period.

Other Income grew by 38.54 per cent at Rs 13.30 crore versus (Dec'16 Rs 9.60 crore). Operating Profit surged by 6.47 per cent to Rs 54.27 crore as against Rs 50.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.22 per cent in December quarter. Interest declined by 5.81 per cent y-o-y to Rs 0.81 crore, while Taxation increased by 11.94 per cent at Rs 20.06 crore (Dec'16 Rs 17.92 crore).