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Ceat reports 30% rise in Q2 consolidated net profit

28 Oct 2015 Evaluate

Ceat has reported results for second quarter ended September 30, 2015.

The company has reported 39.99% rise in its net profit at Rs 114.93 crore for the quarter ended September 30, 2015 as compared to Rs 82.10 crore for the same quarter in the previous year. However, company’s total income has decreased by 1.42% to Rs 1376.79 crore for the quarter under review from Rs 1396.63 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 30.42% rise in its net profit after taxes, Minority Interest and Share of Profit of Associates at Rs 107.40 crore for the quarter ended September 30, 2015 as compared to Rs 82.35 crore for the same quarter in the previous year. However, total income of the company has decreased by 1.92% at Rs 1416.50 crore for quarter under review as compared to Rs 1444.18 crore for the quarter ended September 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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