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Ceat reports many fold jump in Q1 consolidated net profit

26 Jul 2023 Evaluate

Ceat has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Ceat has reported many fold jump in its net profit at Rs 159.44 crore for the quarter under review as compared to Rs 2.55 crore for the same quarter in the previous year. Total income of the company increased by 4.69% at Rs 2,937.35 crore for Q1FY24 as compared Rs 2,805.84 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 16-fold jump in net profit at Rs 144.01 crore for the quarter ended June 30, 2023 as compared to Rs 8.68 crore for the same quarter in the previous year. Total income of the company increased by 4.16% at Rs 2,938.42 crore for Q1FY24 as compared Rs 2,821.14 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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