Tolins Tyres Ltd Share Price – NSE /  BSE

Tyres, Small Cap

The firm added that this appointment is based on the recommendation of its nomination and remuneration committee and audit committee.

Sojan C S has 24 years of post-qualification experience, including 12 years in the role of CFO. He is a fellow member of the Institute of Cost Accountants of India and holds a postgraduate degree in Commerce from the University of Calicut. He has extensive experience working in Manufacturing, Service, Trading, and Real Estate industries, holding key senior management positions.

Prior to joining Tolins Tyres, he served as the CFO of Syama Dynamic Group of Companies, Kochi, and Rajasree Motors, Kochi.

Tolins Tyres manufactures bias tyres for a wide range of vehicles, including light commercial, agricultural, and two- and three-wheelers, as well as precured tread rubber. Its products also include bonding gum, vulcanizing solutions, tyre flaps, and tubes. The businesses are divided into new tyre manufacturing and tread rubber production, with tyre retreading solutions offered in India and 40 countries.

The company’s consolidated net profit rose 13.5% to Rs 9.60 crore on 64.2% jump in revenue from operations to Rs 76.88 crore in Q2 FY25 over Q2 FY24.

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The company records its deep appreciation for Sharma's services and contributions during his tenure. Following his resignation, Sharma will also no longer be considered a key managerial personnel, effective 12 December 2024.

Tolins Tyres manufactures bias tyres for a wide range of vehicles, including light commercial, agricultural, and two- and three-wheelers, as well as precured tread rubber. Its products also include bonding gum, vulcanizing solutions, tyre flaps, and tubes. The businesses are divided into new tyre manufacturing and tread rubber production, with tyre retreading solutions offered in India and 40 countries.

The company’s consolidated net profit jumped 13.5% to Rs 9.60 crore in Q2 FY25 as against Rs 8.46 crore posted in Q2 FY24. Revenue from operations surged 64.2% YoY to Rs 76.88 crore in the quarter ended 30 September 2024.

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Net profit of Tolins Tyres rose 29.16% to Rs 5.67 crore in the quarter ended September 2024 as against Rs 4.39 crore during the previous quarter ended September 2023. Sales rose 28.44% to Rs 49.82 crore in the quarter ended September 2024 as against Rs 38.79 crore during the previous quarter ended September 2023.

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Tolins Tyres will hold a meeting of the Board of Directors of the Company on 13 November 2024

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