CEAT Q4 Net Profit Dips 22.7%, Revenue Up 4.1%
Despite the decrease in net profit, the company witnessed a 4.1% increase in revenue from operations, reaching ₹2,991.9 Crore
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Despite the decrease in net profit, the company witnessed a 4.1% increase in revenue from operations, reaching ₹2,991.9 Crore
IPL sponsorship: Ceat will sponsorcertain segments of IPL matches, investing about Rs 240 crore over five years. The Board of Control for Cricket in India selected Ceat as an official partner. My11Circle, RuPay, and Angel One acquired IPL sponsorship slots. Ceat specialises in selling tyres for vehicles.
Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The
Tyremaker CEAT Ltd. reported a fivefold jump in profit in the third quarter and approved a Rs 572-crore capex plan to expand operations. Revenue for the Mumbai-based company saw a 8.6% rise at Rs 2,963.1 crore in the October-December quarter, marginally missing analysts' estimates.
The company's board approved the appointment of Goenka as a non-executive non-independent director, designated as Vice Chairman of the company from April 1, 2023.