CEATLTD reports 22% revenue growth amid profit decline
after close1 source ↓written by the desknot a recommendation
- YoY
- 22% revenue growth
- YoY
- ₹4,318 cr
- capacity expansion
- ₹1,205 cr
CEATLTD reported 22% revenue growth YoY to ₹4,318 cr, driven by strong demand. However, net profit fell sharply due to rising raw material costs linked to the West Asia crisis. The Board has approved a ₹1,205 cr capacity expansion, but margins are expected to remain under pressure in Q2.
Not investment advice. For informational purposes only.