BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Goodyear India Ltd. has performed reasonably well, thus far in nine-months of FY21 in spite of the Covid-19 disruption.
On a year-to-date basis, net sales are down approximately 11% YoY (Q2 FY21, Q3 FY21 growth at 6.0%, 20.7% YoY, respectively).
Margins, however, are higher by ~400 basis points YoY to 12.2% (includes multi-year high readings of 15.3% and 14.5% in Q2 FY21 and Q3 FY21, respectively).
Consequent nine months FY21 profit after tax is higher by 22.5% YoY to Rs 93 crore despite loss after tax of Rs 4.5 crore in Q1 FY21.
The company also declared an all-time high interim dividend of Rs 80 per share in December 2020.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
