ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Ceat posts Rs 34.85 net profit in third quarter

Its revenue from operations was at Rs 2,727 crore in the reviewed quarter, against Rs 2,413 crore in the corresponding quarter the previous year, according to a statement shared with exchanges.

ANI Jan 26, 2023 14:03 IST googleads

Representative image (Photo/ANI)

Mumbai (Maharashtra) [India], January 26 (ANI): Ceat on Thursday said it posted a net profit of Rs 34.85 crore for the quarter ended December 2022. The company had a loss of Rs 20.18 crore in the year-ago period.
Its revenue from operations was at Rs 2,727 crore in the reviewed quarter, against Rs 2,413 crore in the corresponding quarter the previous year, according to a statement shared with exchanges.
The company's operating margin for the quarter was 8.49 per cent, against Rs 5.93 per cent in the year-ago period. The net profit margin was 1.28 per cent in the reviewed quarter. It was in the negative territory during the corresponding quarter in the year-ago period.
The company said its earnings per share was Rs 8.75 during the reviewed quarter. The earnings per share were (negative) Rs 4.95 during the corresponding quarter in the last fiscal.
The company in the statement said its inventory turnover ratio for the third quarter was 8.84 times, against 9.48 times the year-ago period.
Ceat (formerly, Cavi Elettrici e Affini Torino) is an Indian multinational tyre manufacturing company owned by the RPG Group. It was established in 1924 in Turin, Italy. The company said it has a presence in global markets.
According to the company, Ceat produces over 165 million tyres a year and manufactures tyres for passenger cars, two-wheelers, trucks and buses, light commercial vehicles, earth-movers, forklifts, tractors, trailers, and auto-rickshaws. The current capacity of Ceat tyres' plants is over 800 tonne per day. (ANI)

Get the App

What to Read Next

Business

Finkurve Financial Services Limited (Arvog)

Finkurve Financial Services Limited (Arvog)

Mumbai (Maharashtra) [India], March 12: Finkurve Financial Services Limited (BSE: 508954), among leading Tech-first Gold Loan NBFC, announced that the Company has crossed Rs. 1,035 crore+ in Assets Under Management (AUM) surged by nearly 10x compared to FY23, marking a significant milestone in the company's growth trajectory within India's secured lending ecosystem.

Read More
Business

Producer-Actor Adarsh Gunduraj Launches Trailer of ‘Calendar’

Producer-Actor Adarsh Gunduraj Launches Trailer of ‘Calendar’

New Delhi [India], March 12: The team behind the upcoming women-centric film Calendar unveiled the trailer during a press conference in Mumbai on March 12, 2026. They took the opportunity to share insights about the project and its concept with the media.

Read More
Business

BPTP Receives 'Iconic Project - Commercial' Recognition

BPTP Receives 'Iconic Project - Commercial' Recognition

New Delhi [India], March 12: BPTP, a real estate developer operating in North India, has been honoured with the Iconic Project - Commercial award at the 5th Economic Times Real Estate Conclave & Awards 2026 (ETRECA 2026). The award ceremony was held at Taj Santa Cruz, Mumbai, with participation from industry stakeholders including developers, architects, and investors.

Read More
Business

India: CPI inflation rises to 3.21% in February 2026

India: CPI inflation rises to 3.21% in February 2026

India's Consumer Price Index or retail inflation in February was recorded at 3.21 per cent, official data showed on Thursday.

Read More
Business

Delhi expected to witness significant rise in electricity demand

Delhi expected to witness significant rise in electricity demand

Delhi is expected to witness another significant rise in electricity demand this summer. According to the State Load Despatch Centre (SLDC), last year, Delhi's peak power demand had clocked 8442 MW. This year, it is likely to cross 9000 MW. The expected peak of over 9000 MW represents an increase of over 300 per cent compared to the 2879 MW recorded in 2002. Current trends suggest that Delhi's peak power demand is likely to cross the 10,000 MW mark by 2028-2029.

Read More
Business

Smartworld Developers Awards INR 1,000 Cr Construction Contract

Smartworld Developers Awards INR 1,000 Cr Construction Contract

New Delhi [India], March 12: Smartworld Developers, a new age real estate brand has awarded a construction contract worth INR 1,000 crore for its landmark ultra-luxury project, Trump Residences Gurgaon, marking a major milestone in the project's development. Excavation at the site has been completed, and as part of the phased construction strategy, a INR 300 crore tender has already been released. Structural construction has now formally commenced.

Read More
Business

If crude remains near USD 100/bbl, crisis to add Rs 30k cr/ month

If crude remains near USD 100/bbl, crisis to add Rs 30k cr/ month

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

Read More
Business

Gajra Group Launches AI Homes in Mumbai

Gajra Group Launches AI Homes in Mumbai

Mumbai (Maharashtra) [India], March 12: Signalling a strategic shift in how residential housing is planned for the future, Gajra Group has announced an investment of ₹300 crore to develop what it describes as First Automated Intelligent Homes (Ai Homes) with an estimated gross development value (GDV) of ₹5,00 crore.

Read More
Business

Jindal Steel Declared Preferred Bidder

Jindal Steel Declared Preferred Bidder

Bhubaneshwar (Odisha) [India], March 12: Jindal Steel has been declared the preferred bidder by the Government of Odisha for the Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Keonjhar district. The iron ore block spans approximately 84 hectares. Following the successful conclusion of the online auction, Jindal Steel has committed to a final price offer of 111.15 per cent premium to the Government of Odisha.

Read More
Business

West Asia conflict hits Bhilwara textile industry, export impact

West Asia conflict hits Bhilwara textile industry, export impact

The ongoing conflict in West Asia has begun to affect the textile industry in Bhilwara, Rajasthan, with export orders being stalled and trade disruptions impacting shipments worth around Rs 800 to Rs 1,000 crore, industry representatives said.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.