Tyre Sector: Q1 ( Apr – Jun ’17 ) Numbers and Analysis


TYRE Sector:

Q1 was a challenging rather disappointing quarter for almost all the tyre manufacturers due to the GST impact and peak RM prices. Both these factors have hit tyre companies top-line and bottom-line badly.

As far as numbers are concern, the profits of the companies were down in the range of 46% to 99%, while revenues were up marginally in the range between 2% to 7%.

Market leader MRF has posted a decline in profits (drops by as many as 63% compared to previous quarter) while revenues (up 7% in comparison with last quarter), while Apollotyre and Ceat posted a huge decline in profits.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 30 June 2017 was “Balkrishna Industries” where the company showed 11.78% growth in profit and 3.76% growth in Revenue as compared to previous quarter.

Here is the Data:

Tyre Sector

 


Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.


 

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About me

Vishal Dalwadi

Vishal Dalwadi

Vishal is an MBA (Finance) post-graduate. He is the founder and owner of "FinBlab". His blog aims at providing information and research on Stock market and sectors including Mutual funds, IPOs, Insurance and more.

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