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CEAT Ltd Q2FY24; 3367% 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 Q2FY24 of ₹3,053.00 Crores up from ₹2,894.00 Crore year on year, a rise of 5.49%.

Total Expenses for Q2FY24 of ₹2,793.00 Crores down from ₹2,864.00 Crores year on year, a fall of 2.48%.

Consolidated Net Profit of ₹208.00 Crores up 3366.67% from ₹6.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹51.42, up 2,550.52% from ₹1.94 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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