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Ceat turns black in Q1

01 Aug 2012 Evaluate

Ceat has reported results for first quarter ended June 30, 2012.

The company has registered a net profit of Rs 25.75 crore for the quarter under review as compared to a net loss of Rs 41.90 crore for the same quarter in the previous year. The total income from operation of the company has increased by 10.45% at Rs 1189.14 crore for Q1FY13 as compared Rs 1076.61 crore for the corresponding quarter previous 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.

Peers
Company Name CMP
MRF 126933.85
Apollo Tyres 408.70
JK Tyres & Inds. 346.95
Ceat 3310.00
Balkrishna Inds. 2140.90
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