Ceat Q1 net dips 21% at Rs 52 cr_Ceat Q1 net dips 21% at Rs 52 cr

Ceat Q1 net dips 21% at Rs 52 cr

May 31, 2024

NEW DELHI: The tire manufacturer today reported a 20.91% decline in sales and a consolidated net profit of Rs 5,166 crore for the first quarter ended June 30, 2014-15.

The net profit for the month of April-June 2013-14 stood at Rs 653.2 crore. However,, Ceat Ltd in to the BSE based on the filing, net sales rose to Rs 14, 531 crore in the first quarter of 2014-15 as against Rs 1, 316.91 crore in the same period last year.

Anant Goenka, Managing Director, Ceat The company said it is beginning to see positive changes in the passenger and commercial space, but it is still too early to expect profits. “It was business as usual for us in the first quarter of FY 2014-15.

We have been successful in reducing our debt levels. Our debt/equity is now at a healthy level of 1:1. Interest expense is down by 4, down by 4 million rupees and the impact is visible. The impact is evident,” said Subba Rao Amarthaluru, Chief Financial Officer (CFO), Ceat.

Ceat shares closed at Rs 626.45 per share on BSE, down 5.84% from the previous close.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Jianglun electromechanical Co., LTD

Retailer

CN Supplier

14 YRS

Main Products:

Production of car starter, generator, air conditioning compressor, auto parts remanufacturing, sales of the company's products, import and export business.

Established:

2011-11-07

Company Size:

500

Contact Supplier

Automobile starter

Shandong Xingyun New energy Automobile Co., LTD

Retailer

CN Supplier

1 YRS

Main Products:

New energy vehicle sales; Auto parts research and development; Auto parts and accessories manufacturing; Off-highway recreational vehicles and spare parts manufacturing; Off-highway recreational vehicles and spare parts sales; Electric car manufacturing;

Established:

2024-03-20

Company Size:

500

Contact Supplier

Lucky three-box car x60

Beijing Tianhao Shengshi trading Co., LTD

Retailer

CN Supplier

10 YRS

Main Products:

12/5000 Lubricating oil, import and export agent