Ceat Ltd. reported a 16% fall in standalone net profit during the quarter ended March 31, 2025, missing analyst estimates.
The type manufacturer's net profit fell to Rs 100.4 crore for the fourth quarter of fiscal 2025 as compared to Rs 119.1 crore for the same period last year. That compares with a consensus estimate of Rs 116 crore by analysts polled by Bloomberg.
Ceat Ltd. Q4 FY25 (Standalone YoY)
Revenue up 14.6% at Rs 3,413 crore versus Rs 2,979 crore (Bloomberg estimate: Rs 3,387.6 crore).
Net profit down 16% to Rs 100.4 crore versus Rs 119.1 crore (Estimate: Rs 116 crore).
Ebitda flat at Rs 394 crore versus Rs 393.8 crore (Estimate: Rs 363 crore).
Margin at 11.5% versus 13.2% (Estimate: 10.7%).
Dividend
Ceat proposed a dividend of Rs 30 per share for the fiscal year 2024-25, subject to the approval from the shareholders at the annual general meeting.
The dividend will be rolled out within 30 days following the approval from the shareholders.
Shares of Ceat closed 0.53% higher at Rs 3,060.40 apiece on the NSE, compared to a 0.03% rise in the benchmark Nifty 50. The stock has risen by 21.42% in the last 12 months but fallen 5.32% on a year-to-date basis.
Out of 21 analysts tracking the company, 16 have 'buy' rating on the stock, two recommend 'hold' and three suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 11.1%.
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