CEAT Q1 results: Profit rises 2.74% to Rs 149.79 cr, revenue up 8.79%

Quick Summary:

On a sequential basis, the company exhibited a 6.73 per cent increase in revenue, along with PAT, which also rose by 32.

Despite facing margin pressure from significant increases in raw material costs and ocean freight, we are actively mitigating these challenges through strategic price adjustments.

CEAT has incurred a capital expenditure of Rs 254 crore during the quarter, which is in line with their plan.

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Article Details

Category: BusinessFinance

Markets: India

Topics: CEAT Q1FY25 Capital expenditure Premiumisation strategy Revenue growth Tyre industry Kumar Subbiah Financial results Arnab Banerjee RPG Group Profit rise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 19:44:12 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21675042

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