CEAT Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 16, 2023 at 08:56 am EDT
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CEAT Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 30,533.2 million compared to INR 28,944.8 million a year ago. Revenue was INR 30,637.9 million compared to INR 29,042.5 million a year ago. Net income was INR 2,080 million compared to INR 78.3 million a year ago. Basic earnings per share from continuing operations was INR 51.42 compared to INR 1.93 a year ago. Diluted earnings per share from continuing operations was INR 51.42 compared to INR 1.93 a year ago.
For the six months, sales was INR 59,884.9 million compared to INR 57,128.6 million a year ago. Revenue was INR 60,022.1 million compared to INR 57,253.9 million a year ago. Net income was INR 3,526.1 million compared to INR 170.8 million a year ago. Basic earnings per share from continuing operations was INR 87.17 compared to INR 4.22 a year ago. Diluted earnings per share from continuing operations was INR 87.17 compared to INR 4.22 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 
