Ceat has reported unaudited results for the first quarter ended June 30, 2011.
The company reported a net loss of Rs 41.90 crore for the quarter ended June 30, 2011 as compared to a net profit of Rs 13.87 crore for the corresponding quarter last year. Its total income has grown by 38.69% at Rs 1,078.26 crore for the quarter under review from Rs 777.45 crore for the same quarter last year.
Ceat is among the best tyre manufacturers in India. Besides tyres, the company also manufactures and markets tubes and flaps. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks.
