Outcome of the Board Meeting held on May 27, 2025
GOODYEAR · price
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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.
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.