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 Corporate Results - Tyres


Ceat net plummets to Rs 37 lakh

Our Bureau

Mumbai , July 28

CEAT Ltd has reported a decline in net profit at Rs 0.37 crore for the first quarter compared to Rs 6.37 crore in the year-ago period.

The decline was attributed to fall in margins due to high prices of natural rubber. During this quarter, other income was considerably lower at Rs 11.19 crore from Rs 69.02 crore in the year-ago period.

Net sales, however, increased to Rs 346.22 crore from Rs 315.42 crore.

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