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Ceat reports net loss of Rs 20.18 cr as raw material prices hurt : Rashtra News #Ceat #reports #net #loss #raw #material #prices #hurt During the quarter under review, the RPG Group company’s revenue from operations rose to Rs 2,413.27 crore from Rs 2,221.25 crore recorded during the same year-ago period, it said. Tyre maker […]
Tyre company Ceat records Rs 23 crore profit in Q1 Revenue from operations rose to Rs 1,906 crore in the first quarter as compared with Rs 1,120 crore in the same period of the previous fiscal year, Ceat said in a statement. On a standalone basis, the company's revenue stood at Rs 1,898 crore and net profit at Rs 20 crore in the first quarter (Source: PTI) PTI Updated Jul 22, 2021, 9:53 AM IST Tyre major Ceat on Wednesday posted a consolidated net profit of Rs 23 crore for the first quarter ended June 30, 2021. The company had reported a net loss of Rs 35 crore for the year-ago period...
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....
CEAT’s Q4 profit trebles to ₹153 crore May 05, 2021 Anant Goenka, MD, CEAT Ltd× Tyre-maker reports a revenue of ₹2,290 crore CEAT Limited, an RPG Group company, has reported a three-fold growth in profits to ₹153 crore in the fourth quarter ended March 31, 2021 compared to ₹52 crore for the corresponding period last year. Revenues increased to ₹2,290 crore (₹1,577 crore). Anant Goenka, Managing Director, CEAT Limited, said: “It has been a satisfactory year with record sales, especially in a year marked with uncertainty because of Covid-19.We gained market share in the Passe...
Updated Jan 20, 2021 | 22:18 IST Kumar Subbiah says the tyre industry did not have a level-playing field before the government took steps against Chinese dumping. Screengrab ET Now caught up with Kumar Subbiah, CFO, Ceat to take stock of the demand patterns in the tyre sector and the company's performance in the December quarter. Subbiah says the management was "pleasantly surprised" by the demand seen through Q3FY21. And with the economy picking up, increased preference for personal mobility, and more vehicles coming on the road, he is optimistic that demand wi...