Ceat Q4 results: Net profit dips 23% to ₹102 crore, revenue at ₹2,992 crore
Tyre maker Ceat on Thursday reported a 23 per cent decline in its consolidated net profit to ₹102 crore for the fourth quarter ended March 2024.
The company had posted a net profit of ₹132 crore in the January-March quarter of 2022-23.
Its revenue from operations rose to ₹2,992 crore in the period under review from ₹2,875 crore in the fourth quarter of FY23.
For the fiscal ended March 2024, the company posted a net profit of ₹635 crore compared to ₹182 crore in 2022-23.
Revenue from operations rose to ₹11,943 crore in FY24 against ₹11,315 crore in FY23.
The company said its board approved a final dividend of ₹30 per share of face value of ₹10 for the financial year ended March 2024.
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Published: 02 May 2024, 10:13 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.