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Ceat reports 16% rise in Q4 consolidated net profit

30 Apr 2018 Evaluate

Ceat has reported results for fourth quarter and year ended March 31, 2018.  

The company has reported a rise of 21.26% in its net profit at Rs 85.14 crore for the quarter ended March 31, 2018 as compared to Rs 70.21 crore for the same quarter in the previous year. Total income of the company has marginally increased by 2.01% at Rs 1,657.75 crore for quarter under review as compared to Rs 1625.16 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a rise of 16.21% in its net profit at Rs 77.08 crore for the quarter ended March 31, 2018 as compared to Rs 66.33 crore for the corresponding quarter in the FY17. Total consolidated income of the company marginally rose by 2.18% at Rs 1,680.80 crore for quarter under review as compared to Rs 1,644.89 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a fall of 23.16% in its net profit at Rs 278.72 crore as compared to Rs 362.73 crore for the same period in the previous year. Total income of company marginally decreased 0.48% at Rs 6,387.06 crore for year under review as compared to Rs 6,417.98 crore for the period ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a fall of 34.10% in its net profit at Rs 237.98 crore as compared to Rs 361.15 crore for the same period in the previous year. Total income of company has marginally decreased by 0.48% at Rs 6,429.14 crore for year under review as compared to Rs 6,459.93 crore for the period ended March 31, 2017.

CEAT Share Price

3713.55 12.90 (0.35%)
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Peers
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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