Tyre maker Ceat has registered a standalone net profit of Rs 41.47 crore during the fourth quarter ended March 31. The company had posted a net loss of Rs 11.84 crore in the corresponding period last year.
The standalone total income from operations of the company during the fourth quarter of last fiscal increased by 22.51% to Rs 1,222.21 crore from Rs 997.65 crore in the year-ago period.
For the entire 2011-12 financial year, the company saw its consolidated net profit falling 31.52% to Rs 18.12 crore from Rs 26.46 crore in the previous fiscal. The consolidated total income from operations in 2011-12 went up by 28.03% to Rs 4,648.99 crore from Rs 3,631.12 crore in FY11.
The company’s board of directors recommended a dividend of Re 1 per equity share of face value of Rs 10 each.
| Company Name | CMP |
|---|---|
| MRF | 139772.66 |
| Apollo Tyres | 445.30 |
| CEAT | 3713.55 |
| Balkrishna Inds. | 2329.80 |
| JK Tyres & Inds. | 428.30 |
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