CEAT Posts 2,556% Net Profit in Q2

Net profit skyrockets by 2,556% to Rs 208 crore, driven by improved sales and reduced expenses.

Stock Prices Surge After Results

Consolidated total revenue hits Rs 3,053.3 crore, marking a 5% YoY increase. CEAT shares are up by 6.21% on Oct 17th, as of 11:00 a.m.

Strategic Expense Reduction

Total expenses dropped by 2.5%, with a significant 14% cut in input costs.

Notable EBITDA Surge

Q2 EBITDA jumps to Rs 456.1 crore from Rs 203.1 crore, showcasing a robust performance.

Strong Margin Expansion

EBITDA margin for the quarter stands at 15%, up from 7% in the same period last fiscal.

CEO's Positive Outlook

MD and CEO, Arnab Banerjee, notes stable demand and mid-single-digit growth across segments. Product mix and pricing strategies enhanced margins.