9th August 2017
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
