CEAT Ltd: Shares have increased 15-fold in Q1 net profits

The tyre manufacturer increased its overall net profit by 15 times, to Rs 144 crore, from Rs 9 crore a year earlier.

Consolidated revenue from operations for the firm rose to Rs 2,935.17 crore in the first quarter from Rs 2,818.38 crore in the prior year.

In comparison to the same period last year, the total expenses for the first quarter were lower at Rs 2,739.14 crore as against Rs 2,816.66 crore.

In the reporting quarter, the EBITDA margin was 13.2% compared to 5.9% in the corresponding quarter previous fiscal year. Earnings before interest, taxes, depreciation, and amortization is known as EBITDA.

Source: Media Reports