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Goodyear Q1 profit jumps 80% to Rs26 cr

Tyre maker Goodyear on Friday reported 79.78 per cent increase in its net profit to Rs 25.62 crore for the first quarter ended 30 June, 2013, due to slow down in the automotive market.

The company had posted a net profit of Rs 14.25 crore in the same period previous fiscal, Goodyear said in a filing to the BSE.

Company's income from operations increased to Rs 422.19 crore in the April-June quarter, compared to Rs 399.89 crore during the same period last year. Goodyear's shares had closed oon Thursday at Rs 306.90 per scrip on BSE, up 1.72 per cent from its previous close.
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