Ceat has reported results for first quarter ended June 30, 2014.
The company’s net profit has declined 19.90% at Rs 46.80 crore as compared to Rs 58.43 crore for the quarter ended June 30, 2013. However, its total income from operations has increased by 10.21% to Rs 1410.70 crore for the quarter under review from Rs 1280.02 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 20.91% fall in its net profit after taxes & Minority interest at Rs 51.66 crore for the quarter as compared to Rs 65.32 crore for the same quarter in the previous year. However, total income from operations has increased by 10.21% at Rs 1462.51 crore for quarter under review as compared to Rs 1327.01 crore for the quarter ended June 30, 2013.
