Goodyear India Q2 net dips 16% to Rs 16 cr

Goodyear India Ltd reported a net profit of Rs 15.9 crore in the quarter ended September 2011 compared to Rs 18.9 crore in the corresponding period last year, which means a fall of 15.7%.

However, the company's total income rose 15.8% to Rs 394 crore from Rs 341 crore in September 2010.

Total expenditure of the company also went up by 18.8% to Rs 371.9 crore compared to Rs 313 crore last year.

During the afternoon trade on Bombay Stock Exchange, the company's stock was trading at rs 300, up 0.13%