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CEAT Ltd Q1FY24; 1500% rise in Profits.

CEAT, established in 1958, is one of the largest tyre manufacturers and one of the fastest-growing tyre companies in India. CEAT became a part of the RPG Group in 1982. It is amongst the Top 25 best workplaces in Manufacturing by GPTW for 2022.

Financial Results:

CEAT Ltd reported Revenues for Q1FY24 of ₹2,935.00 Crores up from ₹2,818.00 Crore year on year, a rise of 4.15%.

Total Expenses for Q1FY24 of ₹2,739.00 Crores down from ₹2,816.00 Crores year on year, a fall of 2.73%.

Consolidated Net Profit of ₹144.00 Crores up 1500.0% from ₹9.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹35.75, up 1,461.14% from ₹2.29 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: tyres
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