CEAT Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 05, 2022 at 08:40 am EDT
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CEAT Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 25,919.9 million compared to INR 22,897.2 million a year ago. Revenue was INR 25,952.8 million compared to INR 22,928.9 million a year ago. Net income was INR 252.5 million compared to INR 1,528 million a year ago. Basic earnings per share from continuing operations was INR 6.24 compared to INR 37.77 a year ago. Diluted earnings per share from continuing operations was INR 6.24 compared to INR 37.77 a year ago.
For the full year, sales was INR 93,634.1 million compared to INR 76,096 million a year ago. Revenue was INR 93,748.1 million compared to INR 76,234.1 million a year ago. Net income was INR 712 million compared to INR 4,320.4 million a year ago. Basic earnings per share from continuing operations was INR 17.6 compared to INR 106.81 a year ago. Diluted earnings per share from continuing operations was INR 17.6 compared to INR 106.81 a year ago.
CEAT Limited is an India-based tire company. The Companyâs principal business is manufacturing of automotive tires, tubes and flaps. The Company manufactures tires for a broad range of vehicles, including two/three wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles. The Company's tire categories include car, bike and scooter tires. It offers tires for various cars such as Maruti Alto, Maruti Alto K10, Maruti Swift, Maruti Swift Dzire and Maruti Wagon R. It offers tires for various bikes such as Hero Splendor, Hero Passion, Honda Shine, Honda Dream, Honda Unicorn, TVS Apache, Yamaha FZ, Royal Enfield, Bajaj CT 100/110, Bajaj Platina and Bajaj Dominar. It offers tires for various scooters such as Honda Activa, Suzuki Access, TVS Jupiter and Hero EZ. CEAT.com, its e-commerce Website, where customers can opt for doorstep tire delivery, fitment at home or they can pick up from an authorized store (physically). The Company also sells cricket bats.
CEAT LIMITED 
