Ceat Q4FY24 net profit drops 22.8% YoY to Rs 102.27 cr
India, May 2 -- Ceats consolidated net profit witnessed a decline of 22.8%, reaching Rs 102.27 crore in Q4FY24, compared to Rs 132.42 crore in Q4 FY23.
Despite this, the total income for the quarter experienced a year-on-year growth of 4%, amounting to Rs 2,994.2 crore.
The EBITDA margin for Q4 stood at 13.4%, marking a contraction of 97 basis points compared to Q3 FY2324.
Arnab Banerjee, the Managing Director CEO of Ceat, noted that the company concluded the year positively. He highlighted a recovery in volumes during the latter half of the quarter in replacement and international markets, alongside stable margins for the quarter and a significant improvement in margins over the full year. Banerjee expressed optimism, anticipating a p...
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