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Ceat reports 25% fall in Q3 consolidated net profit

07 Feb 2017 Evaluate

Ceat has reported results for third quarter ended December 31, 2016.  

The company has reported 19.46% fall in its net profit at Rs 94.18 crore for the quarter under review as compared to Rs 116.93 crore for the same quarter in the previous year. However, total income of the company increased by 5.04% at Rs 1565.83 crore for the quarter under review as compared Rs 1490.72 crore for the corresponding quarter previous year.       

On the consolidated basis, the company has reported 25.31% fall in its net profit after tax, minority interest and share of profit / (Loss) of associates and Joint Ventures at Rs 83.83 crore for the quarter ended December 31, 2016, as compared to Rs 112.23 crore for the same quarter in the previous year. However, total income of the company increased by 4.96% at Rs 1562.91 crore for the quarter under review as compared Rs 1489.00 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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