Latest news with #GoodyearIndia
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Business Standard
17-07-2025
- Business
- Business Standard
Dividend stocks: HCL Tech, 46 others go ex-date July 18; do you own any?
Dividend stocks: Shares of Bharti Airtel, Happiest Minds Technologies, HCL Technologies, and 44 other companies are expected to remain in focus during today's trading session following the announcement of dividend payouts for eligible shareholders. Other notable names on the list include Cummins India, AstraZeneca Pharma, Dabur India, Birlasoft, GIC Housing Finance, Goodyear India, and India Motor Parts & Accessories. As per BSE data, these companies' shares will trade ex-dividend on July 18. The ex-date is significant because it marks the day a stock begins trading without the entitlement to corporate benefits such as dividends or bonus shares. To be eligible for these benefits, investors must purchase the stock before the ex-date. Therefore, today is the last opportunity for investors to buy shares and qualify for the announced dividends, as the record date will finalize the list of eligible shareholders. Among the highlighted companies, Cummins India has declared the highest dividend, announcing a final payout of ₹33.50 per share for the financial year 2024–25, with July 18 set as the record date. AstraZeneca Pharma India follows with a dividend of ₹32 per share, also setting its record date on July 18. Among other, Goodyear India has announced a dividend of ₹23.90 per share, while India Motor Parts & Accessories has declared ₹20 per share. Bharti Airtel, on the other hand, has announced a dividend of ₹16 per share. All these companies have confirmed July 18 as the record date for determining eligible shareholders. Here is the complete list of stocks that will trade ex-dividend on July 18, along with details of their dividend announcements: Company Ex-date Purpose Record date Aegis Logistics July 18, 2025 Final Dividend - ₹6 July 18, 2025 Afcons Infrastructure July 18, 2025 Final Dividend - ₹2.50 July 18, 2025 ASK Automotive July 18, 2025 Final Dividend - ₹1.50 July 18, 2025 AstraZeneca Pharma India July 18, 2025 Dividend - ₹32 July 18, 2025 Bajaj Electricals July 18, 2025 Final Dividend - ₹3 July 18, 2025 Bharti Airtel July 18, 2025 Final Dividend - ₹16 July 18, 2025 Blue Star July 18, 2025 Final Dividend - ₹9 July 18, 2025 Birlasoft July 18, 2025 Final Dividend - ₹4 July 18, 2025 Citadel Realty and Developers July 18, 2025 Interim Dividend - ₹0.50 July 18, 2025 Cummins India July 18, 2025 Final Dividend - ₹33.50 July 18, 2025 Dabur India July 18, 2025 Final Dividend - ₹5.25 July 18, 2025 Dhanuka Agritech July 18, 2025 Final Dividend - ₹2 July 18, 2025 Dollar Industries July 18, 2025 Final Dividend - ₹3 July 18, 2025 Elgi Equipments July 18, 2025 Final Dividend - ₹2.20 July 18, 2025 Exide Industries July 18, 2025 Final Dividend - ₹2 July 19, 2025 GIC Housing Finance July 18, 2025 Final Dividend - ₹4.50 July 18, 2025 Goodyear India July 18, 2025 Final Dividend - ₹23.90 July 18, 2025 GRP July 18, 2025 Final Dividend - ₹14.50 July 18, 2025 Happiest Minds Technologies July 18, 2025 Final Dividend - ₹3.50 July 18, 2025 HCL Technologies July 18, 2025 Interim Dividend - ₹12 July 18, 2025 Hitech Corporation -$ July 18, 2025 Final Dividend - ₹1 July 18, 2025 India Motor Parts & Accessories July 18, 2025 Dividend - ₹20 July 18, 2025 Indian Hume Pipe Company July 18, 2025 Final Dividend - ₹1.80 July 18, 2025 Indian Hume Pipe Company July 18, 2025 Special Dividend - ₹4 July 18, 2025 Intellect Design Arena July 18, 2025 Special Dividend - ₹3 July 18, 2025 Intellect Design Arena July 18, 2025 Final Dividend - ₹4 July 18, 2025 Jubilant FoodWorks July 18, 2025 Final Dividend - ₹1.20 July 18, 2025 Kotak Mahindra Bank July 18, 2025 Final Dividend - ₹2.50 July 18, 2025 Laxmi Organic Industries July 18, 2025 Final Dividend - ₹0.50 July 18, 2025 Magadh Sugar & Energy July 18, 2025 Final Dividend - ₹12.50 July 18, 2025 Mahindra Lifespace Developers July 18, 2025 Final Dividend - ₹2.80 July 18, 2025 C.E. Info Systems July 18, 2025 Final Dividend - ₹3.50 July 18, 2025 Mangalam Global Enterprise July 18, 2025 Final Dividend - ₹0.01 July 18, 2025 Neuland Laboratories July 18, 2025 Final Dividend - ₹12 July 18, 2025 Newgen Software Technologies July 18, 2025 Final Dividend - ₹5 July 18, 2025 Orient Electric July 18, 2025 Final Dividend - ₹0.7500 July 18, 2025 Pix Transmissions July 18, 2025 Final Dividend - ₹9 July 18, 2025 PlatinumOne Business Services July 18, 2025 Final Dividend - ₹2 July 18, 2025 Prudent Corporate Advisory Services July 18, 2025 Final Dividend - ₹2.50 July 18, 2025 Punjab Chemicals & Crop Protection -$ July 18, 2025 Final Dividend - ₹3 July 18, 2025 Safari Industries India July 18, 2025 Final Dividend - ₹1.5000 July 18, 2025 Shanthi Gears July 18, 2025 Final Dividend - ₹2 July 19, 2025 Sundaram Brake Linings July 18, 2025 Final Dividend - ₹1.50 July 18, 2025 Swelect Energy Systems -$ July 18, 2025
Business Standard
27-05-2025
- Automotive
- Business Standard
Goodyear India reports standalone net profit of Rs 4.87 crore in the March 2025 quarter
Sales rise 9.48% to Rs 602.70 crore Net profit of Goodyear India reported to Rs 4.87 crore in the quarter ended March 2025 as against net loss of Rs 4.21 crore during the previous quarter ended March 2024. Sales rose 9.48% to Rs 602.70 crore in the quarter ended March 2025 as against Rs 550.53 crore during the previous quarter ended March 2024. For the full year,net profit declined 41.89% to Rs 55.12 crore in the year ended March 2025 as against Rs 94.85 crore during the previous year ended March 2024. Sales rose 2.21% to Rs 2608.05 crore in the year ended March 2025 as against Rs 2551.71 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 602.70550.53 9 2608.052551.71 2 OPM % 2.880.98 - 4.476.69 - PBDT 20.058.15 146 129.43183.32 -29 PBT 6.81-5.38 LP 74.68128.03 -42 NP 4.87-4.21 LP 55.1294.85 -42
Business Recorder
27-05-2025
- Automotive
- Business Recorder
Tyremaker Goodyear India posts quarterly profit on higher replacement demand
Tyremaker Goodyear India reported a profit in the fourth quarter on Tuesday, as higher replacement demand for tyres offset the impact of higher rubber prices. U.S.-based Goodyear Tire's Indian unit posted a profit of 48.7 million rupees ($570,578) for the three months ended March 31 against a loss of 42.1 million rupees a year ago. Goodyear India supplies tyres to BMW and Toyota among others and depends on automakers' sales for a major chunk of its revenue. Total vehicle sales in India rose 1.8% year-over-year in the reported quarter but analysts said that demand for replacing old or worn out tyres sustained. Rival CEAT missed its quarterly profit estimates last month, while MRF beat estimates. Goodyear India's revenue from operations rose 9.5% to 6.03 billion rupees, compared to a 15.6% fall last year. Its total expenses grew 7.2%, led by a 28.7% rise in cost of materials consumed. The company had expected a pick up in replacement demand, which is cyclical in nature, in the fiscal year ending March. Its shares closed 1.6% higher before the results.
Time of India
22-04-2025
- Automotive
- Time of India
Goodyear plans to offload farm tyre business in India
New Delhi: Goodyear Tire and Rubber is planning to hive off and sell its farm tyre business in India, a year after it sold its off the road (OTR) business to Japanese firm Yokohama for $905 million, said people aware of the development. On Monday, the Indian listed subsidiary of Goodyear informed the stock exchanges that its US parent intends to conduct a strategic review of the company's farm tyre business operations in India. However, it added that the potential outcome of this strategic review 'is not currently known and there can be no assurance that the strategic review will result in the implementation of any transaction.' People in the know said the US parent had started working with strategic advisors to explore a full sale, valuing the India farm business at ₹2,500-2,700 crore. It is the market leader with 50% share. The farm tyre division produces specialised tyres for agricultural machinery and equipment, serving the agricultural sector across India. In November 2023, the Akron, Ohio-based Goodyear announced a strategic review and 'portfolio optimisation' exercise that involved strategic alternatives for three of its verticals—chemical business, Dunlop brand of tyres and its off-the road business to overhaul its portfolio and cut costs with the goal of raising more than $2 billion in gross proceeds. The company had said the exercise, which will include footprint adjustments and plant optimisation, should drive an annual run-rate benefit of $1 billion by the end of 2025 and also drive benefits of $300 million in that time. This was done after activist shareholder Elliott came into the company and had been insisting on radical changes. The sale to Yokohama was also part of the strategy to streamline operations. Significantly, India was not part of that transaction. Goodyear India has a market capitalisation of ₹2,114.97 crore. The parent owns 74% of the company, as of December 2024. Industry analysts said several global tyre manufacturers have been reassessing their specialised divisions to optimise operations and focus on core growth areas. For example, in December, CEAT, an RPG Group company, announced that it had entered into an agreement with global tyre company Michelin to acquire the Camso brand's off-highway construction equipment bias tyres and tracks business. The all-cash deal, valued at $225 million, included two manufacturing facilities in Sri Lanka and the global rights to the Camso brand. The farm tyre market in India has faced challenges in recent years, including fluctuating raw material costs, competition from both domestic and international players, and changing agricultural practices. Goodyear India's farm tyres business too reported a decline in revenue for 2023-24 amid weak industry volumes. Its 2024-25 Ebitda is expected to be around ₹175-200 crore.
Time of India
21-04-2025
- Automotive
- Time of India
Goodyear looks to sell India farm tyres biz for Rs 2,500 crore
Goodyear Tire and Rubber is planning to hive off and sell its farm tyre business in India, a year after it sold its off the road (OTR) business to Japanese firm Yokohama for $905 million, said people aware of the development. On Monday, the Indian listed subsidiary of Goodyear informed the stock exchanges that its US parent intends to conduct a strategic review of the company's farm tyre business operations in India. However, it added that the potential outcome of this strategic review "is not currently known and there can be no assurance that the strategic review will result in the implementation of any transaction." People in the know said the US parent had started working with strategic advisors to explore a full sale, valuing the India farm business at ₹2,500-2,700 crore. It is the market leader with 50% share. The farm tyre division produces specialised tyres for agricultural machinery and equipment, serving the agricultural sector across India. In November 2023, the Akron, Ohio-based Goodyear announced a strategic review and "portfolio optimisation" exercise that involved strategic alternatives for three of its verticals - chemical business, Dunlop brand of tyres and its off-the road business to overhaul its portfolio and cut costs with the goal of raising more than $2 billion in gross proceeds. The company had said the exercise, which will include footprint adjustments and plant optimisation, should drive an annual run-rate benefit of $1 billion by the end of 2025 and also drive benefits of $300 million in that time. This was done after activist shareholder Elliott came into the company and had been insisting on radical changes. The sale to Yokohama was also part of the strategy to streamline operations. Significantly, India was not part of that transaction. Goodyear India has a market capitalisation of ₹2,114.97 crore. The parent owns 74% of the company, as of December 2024. Industry analysts said several global tyre manufacturers have been reassessing their specialised divisions to optimise operations and focus on core growth areas. For example, in December, CEAT , an RPG Group company, announced that it had entered into an agreement with global tyre company Michelin to acquire the Camso brand's off-highway construction equipment bias tyres and tracks business. The all-cash deal, valued at $225 million, included two manufacturing facilities in Sri Lanka and the global rights to the Camso brand. The farm tyre market in India has faced challenges in recent years, including fluctuating raw material costs, competition from both domestic and international players, and changing agricultural practices. Goodyear India's farm tyres business too reported a decline in revenue for 2023-24 amid weak industry volumes. Its 202425 EBITDA is expected to be around ₹175-200 crore. The company said the farm industry saw sluggish demand due to unpredictable weather patterns, specifically erratic monsoons caused by El Nino, along with inadequate rainfall. These factors had an adverse effect on agricultural productivity and rural income. The Central Water Commission also reported low reservoir levels compared to 2022-23, and to the 10-year average. Rural stress and inflationary pressure affected discretionary spends and impacted consumer replacement of farm tyres, the company had said. Goodyear has two manufacturing facilities, in Ballabgarh (Haryana) and Aurangabad (Maharashtra), rolling out different types of tyres. In the farm equipment segment, it supplies to all major tractor companies in India. It is also a supplier of car tyres to many leading passenger vehicle makers in the country. Its net profit saw a sharp 56.63% decline to ₹9.48 crore in the third quarter to December 2024. Revenue rose 6.82% year-on-year during the period but fell 7.41% quarter-on-quarter, raising concerns about the company's performance.
