Latest News | Ceat Q4 Net Profit Dips 23 Pc to Rs 102 Cr; Revenue at Rs 2,992 Cr

New Delhi, May 2 (PTI) Tyre maker Ceat on Thursday reported a 23 per cent decline in its consolidated net profit to Rs 102 crore for the fourth quarter ended March 2024.

The company had posted a net profit of Rs 132 crore in the January-March quarter of 2022-23.

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Its revenue from operations rose to Rs 2,992 crore in the period under review from Rs 2,875 crore in the fourth quarter of FY23.

For the fiscal ended March 2024, the company posted a net profit of Rs 635 crore compared to Rs 182 crore in 2022-23.

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Revenue from operations rose to Rs 11,943 crore in FY24 against Rs 11,315 crore in FY23.

The company said its board approved a final dividend of Rs 30 per share of face value of Rs 10 for the financial year ended March 2024.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)