financetom
Business
financetom
/
Business
/
Goodyear India's first-quarter profit falls on weak auto demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Goodyear India's first-quarter profit falls on weak auto demand
Aug 11, 2025 1:22 AM

Aug 11 (Reuters) - 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.

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.

($1 = 87.6212 Indian rupees)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Cantaloupe - Co, 365 Retail Markets Got Request For Additional Information & Documentary Material From U.S. FTC Pursuant To Deal - SEC Filing
BRIEF-Cantaloupe - Co, 365 Retail Markets Got Request For Additional Information & Documentary Material From U.S. FTC Pursuant To Deal - SEC Filing
Sep 19, 2025
Sept 18 (Reuters) - Cantaloupe Inc ( CTLP ): * CANTALOUPE - CO, 365 RETAIL MARKETS GOT REQUEST FOR ADDITIONAL INFORMATION & DOCUMENTARY MATERIAL FROM U.S. FTC PURSUANT TO DEAL - SEC FILING * CANTALOUPE INC ( CTLP ) - MERGER EXPECTED TO COMPLETE IN FIRST HALF OF 2026 - SEC FILING Source text: Further company coverage: ...
BRIEF-Cmc To Acquire Concrete Pipe & Precast, Llc
BRIEF-Cmc To Acquire Concrete Pipe & Precast, Llc
Sep 19, 2025
Sept 18 (Reuters) - Commercial Metals Co ( CMC ): * CMC TO ACQUIRE CONCRETE PIPE & PRECAST, LLC * COMMERCIAL METALS CO ( CMC ) - ACQUISITION PRICE SET AT $675 MILLION * COMMERCIAL METALS CO ( CMC ) - ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EARNINGS * COMMERCIAL METALS ( CMC ): BY YEAR 3 ANNUAL RUN-RATE...
BRIEF-Kilroy Realty Corporation Announces Acquisition Of Maple Plaza In Beverly Hills
BRIEF-Kilroy Realty Corporation Announces Acquisition Of Maple Plaza In Beverly Hills
Sep 19, 2025
Sept 18 (Reuters) - Kilroy Realty Corp ( KRC ): * KILROY REALTY CORPORATION ANNOUNCES ACQUISITION OF MAPLE PLAZA IN BEVERLY HILLS * KILROY REALTY CORP ( KRC ) - BUYS MAPLE PLAZA IN BEVERLY HILLS FOR $205 MILLION Source text: Further company coverage: ...
CrossMed Healthcare Acquires Summit Medical Staffing and Strengthens Clinician Network
CrossMed Healthcare Acquires Summit Medical Staffing and Strengthens Clinician Network
Sep 19, 2025
OMAHA, Neb., Sept. 18, 2025 /PRNewswire/ -- CrossMed Healthcare Staffing, a women-owned healthcare staffing firm based in Omaha, Nebraska, has acquired Summit Medical Staffing, a veteran-owned healthcare staffing agency located in Fremont, Nebraska. This strategic move unites two mission-driven organizations committed to supporting clinicians and healthcare facilities with integrity, compassion, and reliability. The acquisition strengthens CrossMed's clinician network, giving healthcare clients...
Copyright 2023-2026 - www.financetom.com All Rights Reserved