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Ceat reports 33% rise in Q3 consolidated net profit

06 Feb 2015 Evaluate

Ceat has reported results for third quarter ended December 31, 2014.

The company has reported a rise of 32.51% in its net profit at Rs 80.63 crore for the quarter under review as compared to Rs 60.85 crore for the same quarter in the previous year. However, total income of the company has dipped 1.40% at Rs 1370.34 crore for Q3FY15 as compared Rs 1389.81 crore for the corresponding quarter previous year.

On consolidated basis, the company has registered a rise of 33.32% in its net profit at Rs 89.26 crore for the quarter under review as compared to Rs 66.95 crore in Q3FY14. However, total income of the company has decreased marginally by 1.21% at Rs 1424.93 crore for Q3FY15 as compared Rs 1442.34 crore for the corresponding quarter previous year.

Peers
Company Name CMP
MRF 123284.50
Apollo Tyres 401.55
JK Tyres & Inds. 339.55
Ceat 3285.15
Balkrishna Inds. 2067.10
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