TYRE Sector:
Q3 was disappointing for the Tyre sector.
Increasing natural rubber price and Demonetisation has played a crucial role in the show.
As far as numbers are concern, the profits of the companies were down in the range of 20% to 30%, while revenues were up marginally in the range between 2% to 5%.
Market leader MRF has posted decline both in profits as well revenues, while Ceat and JK tyres a posted decline in profits and marginally increment in profits.
The star performer in the sector for the quarter ended 31 December 2016 was “Balkrishna Industries” where the company showed 94% growth in profit and 24% growth in Revenue as compared to same period last year.
Here is the data:
Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.