Ceat Ltd reported a 42% year-on-year decline in net profit for the July–September quarter of FY25. The tyre manufacturer posted a net profit of Rs 121.5 crore, down from Rs 207.7 crore in the same quarter last year, according to an exchange filing.
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Despite the profit dip, Ceat’s revenue grew by 8.2%, reaching Rs 3,304.5 crore, compared to Rs 3,053.3 crore in the corresponding period of the previous fiscal. This increase was driven by strong performances in the replacement and international segments, marking the company’s highest-ever quarterly revenue.
However, the earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 21% to Rs 362.3 crore from Rs 456.1 crore last year. The Ebitda margin also contracted to 11% from 14.9%, impacted by rising commodity prices.
CEO Arnab Banerjee noted that while commodity prices significantly increased, selective price hikes helped mitigate some of the cost pressures. He remained optimistic about the revenue outlook for the upcoming quarter.
On the stock market, Ceat shares dropped by 2.71% during the day but recovered slightly to close 1.8% lower at Rs 2,891.75 on the NSE. Year-to-date, the stock has gained 19.67% and is up 31.76% over the past 12 months.
