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CEAT Q1 Results: Net profit jumps multi-fold to Rs 144 crore
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CEAT Ltd on Tuesday reported a multi-fold jump in consolidated net profit at Rs 144.01 crore in the June quarter. The company had posted a consolidated net profit of Rs 8.68 crore in the year-ago period, CEAT Ltd said in a regulatory filing.
Consolidated revenue from operations was at Rs 2,935.17 crore as against Rs 2,818.38 crore a year ago, it added. Total expenses in the first quarter were also lower at Rs 2,739.14 crore as compared to Rs 2,816.66 crore in the same period a year ago.
«Replacement and international business are looking good with good product — market fit. Our product performance continues to get accepted as superior across key geographies,» CEAT Ltd Managing Director and Chief Executive Officer Arnab Banerjee said.
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