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Goodyear India net profit up 28.6%. - Views on News from Equitymaster
Goodyear India has reported a net profit of Rs 189 m for FY2000. The operating profits are up 19.8%, however operating margins are down to 6.8% in FY2000 from 7.1% in FY99. The net profit has jumped mainly due to fall in tax by 52% YoY in FY2000.
(Rs m)
FY1999*
FY2000*
Change
Sales
5,353
6,656
24.4%
Other Income
26
26
-1.5%
Expenditure
4,972
6,201
24.7%
Operating Profit (EBDIT)
381
456
19.8%
Operating Profit Margin (%)
7.1%
6.8%
Interest
127
167
31.9%
Depreciation
62
91
46.3%
Profit before Tax
218
223
2.6%
Other Adjustments
-
-
Tax
71
34
-51.6%
Profit after Tax/(Loss)
147
189
28.6%
Net profit margin (%)
2.7%
2.8%
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