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Ceat reports 85% fall in Q2 consolidated net profit

08 Nov 2022 Evaluate

Ceat reported results for second quarter ended September 30, 2022.

The company has reported fall of 16.82% in its net profit at Rs 29.91 crore for Q2FY23 as compared to Rs 35.96 crore for the corresponding quarter previous year. However, total income of the company increased by 19.80% to Rs 2,917.11 crore for the quarter under review as compared to Rs 2,434.93 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 84.77% in its net profit at Rs 6.44 crore for the quarter under review as compared to Rs 42.28 crore for the same quarter in the previous year. However, total income of the company increased by 18.32% to Rs 2,904.25 crore for the quarter under review as compared to Rs 2,454.52 crore for the same quarter in the 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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