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Ceat reports 15% rise in Q1 consolidated net profit

01 Aug 2019 Evaluate

Ceat has reported results for first quarter ended June 30, 2019.

The company has reported a rise of 11.71% in its net profit at Rs 86.99 crore for the quarter under review as compared to Rs 77.87 crore for the same quarter in the previous year. Total income of the company increased by 1.39% at Rs 1,718.43 crore for Q1FY20 as compared Rs 1,694.81 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 15.06% in its net profit at Rs 82.20 crore for the quarter under review as compared to Rs 71.44 crore for the same quarter in the previous year. Total income of the company increased by 2.22% at Rs 1,764.05 crore for Q1FY20 as compared Rs 1,725.70 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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