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Goodyear India Q2 profit down 31.42% at Rs 28.74 crore

Press Trust of India  |  New Delhi 

Tyre maker on Monday reported 31.42 per cent decline in standalone net profit at Rs 28.74 crore in the second quarter ended September 30.

The company had posted a standalone net profit of Rs 41.91 crore in the same quarter last fiscal, said in a regulatory filing.

Total income during the period under review stood at Rs 499.12 crore. It was at Rs 425.26 crore in the same quarter last fiscal.

During the second quarter, the company's total expenses stood at Rs 454.94 crore as compared to Rs 360.97 crore in the corresponding period last year.

Cost of materials consumed was higher at Rs 216.3 crore as against Rs 168.79 crore in the year-ago quarter, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 19:10 IST