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Ceat reports over 5-fold jump in Q3 consolidated net profit

25 Jan 2024 Evaluate

Ceat has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported over 4-fold jump in net profit at Rs 176.66 crore for the quarter ended December 31, 2023 as compared to Rs 41.81 crore for the same quarter in the previous year. Total income of the company increased by 8.78% at Rs 2,952.42 crore for Q3FY24 as compared Rs 2,714.00 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported over 5-fold jump in its net profit at Rs 181.28 crore for Q3FY24 as compared to Rs 34.85 crore for the same quarter in the previous year. Total income of the company increased by 8.68% at Rs 2,966.08 crore for Q3FY24 as compared Rs 2,729.22 crore for corresponding quarter of 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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