Ceat Q3 Results: Profit Nearly Halves Even As Revenue Rises 11%

Ceat Ltd. saw its net profit nearly halve in October-December 2024 even as revenue rose.

Consolidated net profit of the tyremaker fell 46.5% year-on-year to Rs 97 crore in the quarter ended Dec. 31, even as revenue rose 11.4% to Rs 3,300 crore, according to an exchange filing on Wednesday. Analysts polled by Bloomberg had expected the bottom line at Rs 102 crore and the top line at Rs 3,347 crore.

• Revenue up 11.4% at Rs 3,300 crore (Estimate: Rs 3,347 crore)

• Ebitda down 18.3% at Rs 341 crore (Estimate: Rs 345 crore)

• Ebitda margin at 10.3% vs 14.1% (Estimate: 9.70%)

• Net profit down 46.5% at Rs 97 crore (Estimate: Rs 102 crore)

On Wednesday, Ceat shares rose 0.51% to Rs 3,057.50 apiece on the BSE even as the benchmark Sensex ended the day 0.29% lower at 76,724.08 points. The quarterly results were declared after market hours.