Tyre maker Goodyear India today reported 31.15 per cent decline in net profit at Rs 19 crore for the quarter ended on December 31, 2014 due to lower sales.
The company had posted a net profit of Rs 27.6 crore in the corresponding period last fiscal, Goodyear India said in a filing to the BSE.
Net sales during the October-December quarter stood at Rs 359.47 crore, down 11.20 per cent from Rs 404.83 crore in the same quarter last fiscal.
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Meanwhile, in a separate filing, Board of Directors of Goodyear India recommended a dividend Rs 10 per equity share for the year ended December 31, 2014.
The company's board also approved the change of the financial year from January 1 to December 31 to April 1 to March 31.
Shares of Goodyear India closed at Rs 599.75 apiece, down 0.25 per cent from its previous close on the BSE.
