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Ceat reports many fold jump in Q2 consolidated net profit

17 Oct 2023 Evaluate

Ceat has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported over 6-fold jump in its net profit at Rs 199.14 crore for the quarter under review as compared to Rs 29.91 crore for the same quarter in the previous year. Total income of the company increased by 4.45% at Rs 3046.93 crore for Q2FY24 as compared Rs 2917.11 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported many fold jump in its net profit at Rs 207.72 crore for the second quarter ended September 30, 2023 as compared to Rs 6.44 crore for the same quarter in the previous year. Total income of the company increased by 5.49% at Rs 3063.79 crore for Q2FY24 as compared Rs 2904.25 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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