Wednesday, May 25, 2022
HomegooglenewsCeat Q4 Results: Consolidated net profit dips 84%

Ceat Q4 Results: Consolidated net profit dips 84%

Tire major Ceat on Thursday reported an 84 per cent decline in its consolidated net profit to Rs 25 crore for the fourth quarter ended March 2022.

The company had posted a net profit of Rs 153 crore in the January-March quarter of 2020-21.

Revenue from operations, however, increased to Rs 2,592 crore for the fourth quarter compared to Rs 2,290 crore in the year-ago period, Ceat Ltd said in a regulatory filing.

For the year ended March 2022, the company reported a consolidated net profit of Rs 71 crore against Rs 432 crore in 2020-21.

Revenue from operations rose to Rs 9,363 crore compared to Rs 7,610 crore in FY21.

The company said its board has recommended a final dividend of Rs 3 per share (30 per cent) for the financial year 2022. PTI MSS MSS BAL BAL

To stay updated with the latest Stock Market news, download our app here!

For editorial purposes, contact [email protected]

Disclaimer: The Stocks mentioned on this website or any segment are not recommendations. Tradebrains.in advises users to check with certified experts before taking any investment decisions.

Html code here! Replace this with any non empty raw html code and that's it.
AUTO
MOBILE
TECH NEWS

Entertainment

Most Popular