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Ceat reports over two fold jump in Q1 consolidated net profit

23 Jul 2015 Evaluate

Ceat has reported results for first quarter ended June 30, 2015.

The company has reported 151.65% rise in its net profit at Rs 117.77 crore for the quarter ended June 30, 2015 as compared to Rs 46.80 crore for the same quarter in the previous year. The company’s total income has increased by 0.96% to Rs 1427.05 crore for the quarter under review from Rs 1413.48 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over two fold jump in its net profit at Rs 121.01 crore for the quarter as compared to Rs 51.67 crore for the same quarter in the previous year. Total income of the company has increased by 0.57% at Rs 1474.74 crore for quarter under review as compared to Rs 1466.36 crore for the quarter ended June 30, 2014.

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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