Tyre maker Goodyear today reported 79.78% increase in its net profit to Rs 25.62 crore for the first quarter ended June 30, 2013, due to slow down in the automotive market.
The company had posted a net profit of Rs 14.25 crore in the same period previous fiscal, Goodyear said in a filing to the BSE.
Company's income from operations increased to Rs 422.19 crore in the April-June quarter, compared to Rs 399.89 crore during the same period last year.
Goodyear's shares had closed yesterday at Rs 306.90 per scrip on BSE, up 1.72% from its previous close.