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CEAT reports around 3-fold jump in Q3 consolidated net profit

20 Jan 2021 Evaluate

CEAT has reported results for third quarter ended December 31, 2020.

The company has reported around 3-fold jump net profit at Rs 127.55 crore for the quarter under review as compared to Rs 47.78 crore for the same quarter in the previous year. Total income of the company increased by 26.74% at Rs 2,222.44 crore for Q3FY21 as compared Rs 1,753.53 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 3-fold jump in its net profit attributed to owners at Rs 132.14 crore for the quarter under review as compared to Rs 52.79 crore for the same quarter in the previous year. Total income of the company increased by 26.06% at Rs 2,225.30 crore for Q3FY21 as compared Rs 1,765.34 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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