Tyre maker CEAT Ltd on Friday (October 17) reported a 52.4% year-on-year jump in consolidated net profit to ₹186 crore for the second quarter, compared with ₹122 crore in the same period last year.

The company’s consolidated revenue for the quarter increased 14.2% to ₹3,772.7 crore from ₹3,304.5 crore in the year-ago quarter.

Operating performance also showed strong improvement, with EBITDA rising 39% to ₹503.7 crore from ₹362.2 crore a year earlier. EBITDA margin expanded to 13.4% from 11% in the corresponding period last year.

On a standalone basis, the company’s revenue stood at ₹ 3,701.1 crore, up 12.2% YoY, and EBITDA margin stood at 13.7% and net profit was reported at ₹ 202.2 crore.

Also Read: CEAT Q1 profit falls 28%; announces ₹450 cr capex for Chennai expansion

Arnab

See Full Page