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Share the post "GOODYEAR INDIA ‘s Q3 2024-25 Latest News: Profit Falls by 56.63% Year-on-Year"
Highlights
🔹 The presented financial data is Standalone to provide a comprehensive overview of the company performance. 🔹 Sales over the Year and quarter: The company experienced a substantial growth of 6.82 % in the past year, decrease in net sales/revenue by -7.41 %. 🔹 Income over the Year and quarter: There has been decline in other income over the past year which is -9.07 %, Marginal decrease of -2.89% in other income during this quarter. 🔹 Profit over the Year and quarter: Challenges in sustaining profitability for GOODYEAR INDIA LTD.. Profit dropped by -56.63 % Year to Year, GOODYEAR INDIA LTD.’s profitability dropped by -39.77 % Quarter to Quarter. 🔹 EPS over the Year and quarter: EPS declined by -56.65 % Year to Year. EPS decreased by -39.74 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 591.4 Cr | Rs. 682.25 Cr | Rs. 631.72 Cr | -7.41 % | + 6.82 % |
| Expenses | Rs. 551.59 Cr | Rs. 651.16 Cr | Rs. 607.89 Cr | -6.65 % | + 10.21 % |
| Operating Profit | Rs. 39.81 Cr | Rs. 31.09 Cr | Rs. 23.83 Cr | -23.35 % | -40.14 % |
| OPM % | 6.73 % | 4.56 % | 3.77 % | -0.79 % | -2.96 % |
| Other Income | Rs. 5.18 Cr | Rs. 4.85 Cr | Rs. 4.71 Cr | -2.89 % | -9.07 % |
| Interest | Rs. 1.03 Cr | Rs. 0.91 Cr | Rs. 1.5 Cr | + 64.84 % | + 45.63 % |
| Depreciation | Rs. 13.85 Cr | Rs. 13.88 Cr | Rs. 13.77 Cr | -0.79 % | -0.58 % |
| Profit before tax | Rs. 30.11 Cr | Rs. 21.15 Cr | Rs. 13.27 Cr | -37.26 % | -55.93 % |
| Tax % | 27.4 % | 25.58 % | 28.56 % | + 2.98 % | + 1.16 % |
| Net Profit | Rs. 21.86 Cr | Rs. 15.74 Cr | Rs. 9.48 Cr | -39.77 % | -56.63 % |
| EPS in Rs | Rs. 9.48 | Rs. 6.82 | Rs. 4.11 | -39.74 % | -56.65 % |
Today, we’re looking at GOODYEAR INDIA LTD.’s financial performance for the Q3(Dec 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 6.82 %. However, it did see a marginal slip of -7.41 % from the previous quarter. Expenses decreased slightly by -6.65 % quarter-on-quarter, aligning with the annual rise of 10.21 %. Operating profit, while down -40.14 % compared to last year, faced a quarter-on-quarter dip of -23.35 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.96 %, but a shrinkage of -0.79 % sequentially. Other income fell by -2.89 % compared to the last quarter, despite an annual decline of -9.07 %. Interest expenses surged remarkably by 64.84 % from the previous quarter, yet the year-over-year increase remains at a moderate 45.63 %. Depreciation costs fell by -0.79 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.58 %. Profit before tax declined annually by -55.93 % but saw a reduction from the preceding quarter by -37.26 %.
Tax expenses as a percentage of profits increased slightly by 1.16 % compared to last year, with a more notable quarter-on-quarter increase of 2.98 %. Net profit fell by -56.63 % year-on-year but witnessed a -39.77 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.65 % but a quarterly fall of -39.74 %. In summary, GOODYEAR INDIA LTD.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 591.4 Cr | Rs. 682.25 Cr | Rs. 631.72 Cr | -7.41 % | + 6.82 % |
| Expenses | Rs. 551.59 Cr | Rs. 651.16 Cr | Rs. 607.89 Cr | -6.65 % | + 10.21 % |
| Operating Profit | Rs. 39.81 Cr | Rs. 31.09 Cr | Rs. 23.83 Cr | -23.35 % | -40.14 % |
| Net Profit | Rs. 21.86 Cr | Rs. 15.74 Cr | Rs. 9.48 Cr | -39.77 % | -56.63 % |
| EPS in Rs | Rs. 9.48 | Rs. 6.82 | Rs. 4.11 | -39.74 % | -56.65 % |
In reviewing GOODYEAR INDIA LTD.’s 2024-25(Q3) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.82 % year-on-year growth, although there was a slight dip of -7.41 % from the previous quarter. Expenses rose by 10.21 % compared to the previous year, with a decrease of -6.65 % quarter-on-quarter. Operating Profit dropped by -40.14 % annually, and saw a -23.35 % decrease from the last quarter.
Net Profit showed yearly decrease of -56.63 %, and experienced a -39.77 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -56.65 % annually, however dipped by -39.74 % compared to the last quarter. In essence, while GOODYEAR INDIA LTD. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
