Goodyear India jumps 9% on June qtr profit surge

Goodyear India

02/08/2022 09:29

** Shares of tyre maker Goodyear India  GDYR.NS  rise as
much as 8.7% to 1040 rupees, highest intra-day pct jump since
May 27
    ** GDYR on Monday reported 40.3% surge in June-quarter
profit to 377.4 mln rupees ($4.80 million)(nFWN2ZD1TX)
    ** Revenue from operations rose over 53% to 8.19 bln rupees
    ** Higher volumes coupled with pricing actions offset
inflationary pressure -GDYR 
    ** Consumer replacement business led the volume growth while
farm segment continues to deliver steady performance - Sandeep
Mahajan, managing director
    ** More than 145,000 shares change hands, 3.1x 30-day moving
avg of 46,214 
    ** GDYR shares up 5.2% so far this year as of last close
    
   


($1 = 78.6050 Indian rupees)

 ((nishit.navin@thomsonreuters.com;))