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Ceat’s Q1 consolidated net declines by 15%

29 Jul 2016 Evaluate

Ceat has reported results for first quarter ended June 30, 2016.

The company has reported a fall of 19.17% in its net profit at Rs 96.49 crore for the quarter ended June 30, 2016 as compared to Rs 119.38 crore for the same quarter in the previous year. However, the company’s total income increased 3.24% to Rs 1462.70 crore for the quarter under review from Rs 1416.76 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported a fall of 14.53% in its net profit after taxes, minority interest and share of profit of associates Rs 104.06 crore for the quarter ended June 30, 2016 as compared to Rs 121.75 crore for the same quarter in the previous year. Total income of the company increased 3.74% to Rs 1475.92 crore for quarter under review from Rs 1422.77 crore for the quarter ended June 30, 2015.

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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