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Ceat reports consolidated net loss of Rs 20 crore in Q3

20 Jan 2022 Evaluate

Ceat has reported results for third quarter ended December 31, 2021.

The company has reported net loss of Rs 14.87 crore for the quarter under review against net profit of Rs 127.55 crore for the same quarter in the previous year. However, total income of the company increased by 9.11% at Rs 2,424.99 crore for Q3FY22 as compared Rs 2,222.44 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss of Rs 20.18 crore for the quarter under review against net profit of Rs 132.34 crore for the same quarter in the previous year. However, total income of the company increased by 8.59% at Rs 2,416.44 crore for Q3FY22 as compared Rs 2,225.30 crore for the corresponding quarter previous year.

Peers
Company Name CMP
MRF 117887.00
Apollo Tyres 384.40
JK Tyres & Inds. 309.20
Ceat 3061.90
Balkrishna Inds. 2110.05
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