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CEAT reports 31% fall in Q2 consolidated net profit

23 Oct 2019 Evaluate

CEAT has reported results for second quarter ended September 30, 2019.

The company has reported a fall of 12.53% in its net profit at Rs 65.88 crore for the quarter under review as compared to Rs 75.32 crore for the same quarter in the previous year. Total income of the company decreased by 4.89% at Rs 1,662.40 crore for Q2FY20 as compared Rs 1747.93 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 30.82% in its net profit at Rs 43.64 crore for the quarter under review as compared to Rs 63.08 crore for the same quarter in the previous year. Total income of the company decreased by 4.49% at Rs 1,695.80 crore for Q2FY20 as compared Rs 1,775.53 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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