Latest News | CEAT Reports Steep Rise in Q2 Net Profit at Rs 207.72 Crore

New Delhi, Oct 16 (PTI) Tyre maker CEAT Ltd on Monday reported a steep rise in consolidated net profit at Rs 207.72 crore for the September quarter.

The company had posted a consolidated net profit of Rs 6.44 crore in the year-ago period, CEAT Ltd said in a regulatory filing.

Also Read | UKPSC Recruitment 2023: Vacancies Notified for 1097 Junior Engineer Posts, Apply Online at psc.uk.gov.in Till November 3.

Consolidated revenue from operations during the second quarter of the current fiscal stood at Rs 3,053.32 crore as against Rs 2,894.48 crore in the year-ago period, it added.

Total expenses were lower at Rs 2,793.41 crore as compared to Rs 2,864.18 crore last year, the company said.

Also Read | Dr APJ Abdul Kalam Birth Anniversary 2023 Date: Know All About the Day To Remember and Honour the ‘Missile Man of India’.

"The demand continues to be stable, and we are witnessing mid-single-digit growth in our topline across all three segments – replacement, OEMs, and international business. Our focus on product mix and judicious pricing helped improve margins during the quarter," CEAT Ltd MD & CEO Arnab Banerjee said in a statement.

(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)