TYRE Sector:
Q4 was disappointing for the Tyre sector. Click here for Q3 Results.
Profitability of all the companies for the fourth quarter ended March 31, 2017, hurt by continued impact of demonetisation and spike in raw material prices.
As far as numbers are concern, the profits of all the companies were down in the range of 22% to 32%, while revenues were up marginally in the range between 4% to 8%.
Market leader MRF has posted decline both in profits as well as revenues, while Apollo Tyre, Ceat and JK tyres a posted decline in profits and marginally increment in revenues.
Star Performer in the Sector:
The star performer in the sector for the quarter ended 31 March 2017 was “Apollo Tyre” where the company showed 22% decline in profit (lowest as compared to others) and 8.5% growth in Revenue (highest as compared to others) as compared to same period last year.
Here is the data:
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