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GOODYEARBSEGoodyear India Ltd· Auto ComponentsHighNeutral
Announced Tue, 27 May, 2025 · 15:35 IST

Outcome of the Board Meeting held on May 27, 2025

EBITDA margin compressionResults View source PDFExplain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction

Awaiting price reaction for this filing.

AI summary

Goodyear India's board approved audited FY25 results with revenue from operations of Rs. 260.8 crore (up ~2.2% from Rs. 255.2 crore in FY24). However, profit after tax fell sharply to Rs. 55.1 crore from Rs. 94.9 crore, a decline of about 42%, dragging EPS down to Rs. 23.90 from Rs. 41.12. The board recommended a final dividend of Rs. 23.90 per share (face value Rs. 10), aggregating to Rs. 55.13 crore, subject to shareholder approval. Deloitte Haskins & Sells LLP issued an unmodified audit opinion, confirming no qualifications. The company also appointed Chandrasekaran Associates as Secretarial Auditors for five years (FY26-FY30). A note disclosed a Rs. 4.52 crore finished goods inventory shortage identified in November 2024, already accounted for, with an Ernst & Young fact-finding review still ongoing.

Likely market impact

Despite stable revenue, the sharp ~42% drop in profits signals significant margin pressure, likely from rising input costs. However, the unchanged dividend payout (100% of EPS) reassures income-seeking shareholders. The clean audit report and continued strong cash position (Rs. 190 crore) support investor confidence, though the margin compression is a concern for future quarters.