Auto Tyres & Rubber Products company Goodyear India announced Q1FY25 results: The company’s first quarter revenue was Rs 695 crore, marking a 25% increase from Rs 554 crore in the previous quarter, yet 4% lower than the same quarter last year. First quarter profit before tax (PBT) was Rs 33.4 crore, compared to a loss of Rs 5.4 crore in the previous quarter, supported by robust volume growth. However, year-over-year profit was lower due to a reduction in volume and EPR. Mr. Sandeep Mahajan, Chairman & Managing Director of Goodyear India Ltd. said, “Our Company commands a significant market share with farm OEMs. The farm industry has rebounded strongly after experiencing double-digit degrowth in the last quarter. Rural demand appears to be gradually improving, and with favorable monsoons, we anticipate it to continue growing steadily.” Mr. Mahajan added, “Rising raw material prices, coupled with the regulatory requirements of Extended Producer Responsibility (EPR), have impacted our profitability. In Consumer Replacement business, we remain focused on winning in our target market segments – Luxury, SUV, and EV, by modernizing product portfolio, expanding distribution network, strengthening customer engagement through digital transformation initiatives, and building capability with best-in-class team. Result PDF