21 hours ago
On a standalone basis, the company’s revenue stood at ₹3,701.1 crore, up 12.2% YoY, and EBITDA margin stood at 13.7% and net profit was reported at ₹202.2 crore. Shares of CEAT Ltd ended at ₹3,712.45, up by ₹14.40 or 0.39% on the BSE.
Tyre maker CEAT Ltd on Friday (October 17) reported a 52.4% year-on-year jump in consolidated net profit to ₹186 crore for the second quarter, compared with ₹122 crore in the same period last year.
The company’s consolidated revenue for the quarter increased 14.2% to ₹3,772.7 crore from ₹3,304.5 crore in the year-ago quarter.
Operating performance also showed strong improvement, with EBITDA rising 39% to ₹503.7 crore from ₹362.2 crore a year earlier. EBITDA margin expanded to 13.4% from 11% in the corresponding period last year.
On a standalone basis, the company’s revenue stood at ₹3,701.1 crore, up 12.2% YoY, and EBITDA margin stood at 13.7% and net profit was reported at ₹202.2 crore.
Also Read: CEAT Q1 profit falls 28%; announces ₹450 cr capex for Chennai expansion
Arnab Banerjee, MD and CEO, CEAT Limited, said, "We have maintained strong double-digit growth this quarter, with revenue rising by approximately 12%. One of the key developments in this quarter has been a reduction in GST rates on tyres and vehicles, which we hope will have a positive impact on demand across domestic categories.
We have also been excited with Camso fully integrating into the CEAT family, effective Sept, marking a significant milestone in our global premiumisation strategy. Looking ahead, with a positive growth momentum, we look forward to double-digit growth in the second half of the year."
Kumar Subbiah, CFO of CEAT, said, "Overall, Q2 has been a strong quarter for us, marked by topline growth and expansion of margins. Our debt has increased largely due to the acquisition of Camso’s assets and the payout of dividends. Our balance sheet continues to be healthy even after the increase in debt level and is well-positioned to provide necessary capital to support future growth."
Also Read: Nomura downgrades CEAT amidst gloomy Q1 and Camso concerns
The board has appointed Apurva Chandra as an Additional Director in the capacity of Non-Executive, Independent Director for a period of five years, from October 17, 2025, to October 16, 2030. His appointment was made based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholders’ approval.
In addition, Paras K. Chowdhary has been appointed as an Additional Director in the capacity of Non-Executive, Non-Independent Director, effective October 17, 2025. His appointment, also based on the recommendation of the Nomination and Remuneration Committee, is subject to shareholders’ approval, and he will be liable to retire by rotation.
Shares of CEAT Ltd ended at ₹3,712.45, up by ₹14.40 or 0.39% on the BSE.
Also Read: CEAT Q4 Results: Net profit slips, revenue climbs 14%; ₹30 dividend announced
