Ceat Q4 profit up three-fold at Rs 153 crore on operating efficiencies
Ceat Q4 profit up three-fold at Rs 153 crore on operating efficiencies ANI | Updated: May 05, 2021 18:06 IST Mumbai (Maharashtra) [India], May 5 (ANI): RPG Group company Ceat Ltd on Wednesday reported 45 per cent increase in consolidated sales revenue for the March quarter at Rs 2,290 crore. The net profit was up 195 per cent at Rs 153 crore, largely driven by an operating boost to the company. While raw material costs went up in line with global trends, the company compensated through better inventory efficiency and reduced capital locking in the cycle....
Source: aninews.in