Goodyear India Q2 Results Live : Goodyear India declared its Q2 results on 22 Oct, 2024, revealing a concerning trend as the company’s topline decreased by 1.14% year-over-year, while profit plummeted by a staggering 58.51%.
Comparing the results to the previous quarter, the decline becomes more pronounced, with revenue down 1.32% and profit decreasing by 37.12%. This consistent decline raises questions about the company’s operational efficiency.
The financial report also highlighted an increase in selling, general, and administrative expenses, which rose by 0.75% quarter-over-quarter and 10.86% year-over-year, indicating rising operational costs that could be impacting profitability.
Operating income saw a significant drop as well, down 43.52% quarter-over-quarter and 63.72% year-over-year, painting a bleak picture for the company’s financial health moving forward.
The earnings per share (EPS) for Q2 stands at ₹6.82, reflecting a decline of 58.54% year-over-year, further signaling challenges in maintaining profitability.
In the broader market context, Goodyear India has faced a challenging period, reporting a -5.01% return in the last week, -9.85% return over the past six months, and a -17.9% return year-to-date.
Currently, Goodyear India holds a market capitalization of ₹2438.24 crore, with its stock trading between a 52-week high of ₹1412.44 and a low of ₹1030, highlighting the volatility in investor sentiment.
Goodyear India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 682.25 | 691.38 | -1.32% | 690.12 | -1.14% |
| Selling/ General/ Admin Expenses Total | 49.63 | 49.26 | +0.75% | 44.77 | +10.86% |
| Depreciation/ Amortization | 13.88 | 13.86 | +0.14% | 13.89 | -0.07% |
| Total Operating Expense | 665.04 | 660.91 | +0.62% | 642.68 | +3.48% |
| Operating Income | 17.21 | 30.47 | -43.52% | 47.44 | -63.72% |
| Net Income Before Taxes | 21.15 | 33.45 | -36.77% | 50.71 | -58.29% |
| Net Income | 15.74 | 25.03 | -37.12% | 37.94 | -58.51% |
| Diluted Normalized EPS | 6.82 | 10.85 | -37.14% | 16.45 | -58.54% |
Leave a Reply