MoneyWorks4Me

Ceat reports 62% fall in Q1 consolidated net profit

21 Jul 2022 Evaluate

Ceat has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 87.22% in its net profit at Rs 2.55 crore for the quarter under review as compared to Rs 19.95 crore for the same quarter in the previous year. However, total income of the company increased by 47.55% at Rs 2,805.84 crore for Q1FY23 as compared Rs 1,901.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 62.34% in its net profit at Rs 8.68 crore for the quarter under review as compared to Rs 23.05 crore for the same quarter in the previous year. However, total income of the company increased by 47.68% at Rs 2,821.14 crore for Q1FY23 as compared Rs 1,910.28 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
View more..