CEAT registers 29.8% topline growth over Q3 LY

Share |

CEAT register 29.8% growth in Q3 2009. Net sales for the third quarter ended December 31, 2009, were up 27% at Rs 740 cr versus Rs 584 cr in the corresponding quarter of the previous year.

(I-Newswire) January 22, 2010 - Mumbai, Friday Jan 22, 2010: RPG Group’s flagship company CEAT Ltd., a leading tyre manufacturer, continues its strong performance in its net sales over the same period last year.

CEAT reported a net profit of Rs 24.02 crore for the third quarter in the current financial year. PBT for third quarter this year stood at Rs 33.1 crore compared to a loss of Rs 21.8 crore during the third quarter last year.
Announcing the results, Mr. Paras K. Chowdhary, MD, CEAT Ltd. said, “Despite a steep hike in raw material prices, we have managed good numbers because of improved sales mix and operational efficiency. We are hopeful of posting our best ever results in the current year.”

Its net sales were up 30% at Rs 740 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 42.36 per share. (Sep, 2009)

The stock's price-to-earnings (P/E) ratio stands at 3.35.

The book value of the company is Rs 141.25 per share. Price-to-book value of the company was 1.01.

About CEAT Tyres:
CEAT Tyres, the flagship company of RPG Enterprises, with an annual turnover of Rs. 2,758 crore, was established in 1958. Today, CEAT is one of India’s leading tyre manufacturers and has a strong presence in both domestic & international markets. The company manufactures over 10 million tyres every year and enjoys a major market share in the light truck & truck tyre market. CEAT tyres, tubes and flaps are renowned for their superior quality and durability. CEAT offers the widest range of tyres to all user segments and manufacture world-class radials for all Indian vehicles including: Heavy-duty Trucks and Buses, Light Commercial Vehicles, Earthmovers, Forklifts, Tractors, Trailers, Cars, Motorcycles and Scooters, Auto-rickshaws.

Company Contact Information
CEAT Tyres
N/A
CEAT Mahal 463, Dr Annie Besant Road, Worli
400030
Phone : +91 22 2493 0621

Print Release

Share this News Release

Published in:

Automotive > Aftermarket

Tags:

ceat Tyres CEAT Tire CEAT Ltd. CEAT q3 results

Published on:

January 22, 2010

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter,make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.

Related Releases

Local Wantagh, NY Subaru Dealer Carries Three Of The 2012 Subaru Top Safety Picks The Impreza, Legacy, And Outback
Three of the Insurance Institute for Highway Safety’s 2012 Top Safety Picks, the 2012 Subaru Impreza, Legacy, and Outback, are available at Hassett of Wantagh in NY.

Local San Diego BMW Dealer Carries One of the First ActiveE Electric Cars
BMW of Escondido is excited to announce that their dealership in San Diego now holds one of the first BMW ActiveE electric cars, which offers performance, design, and fuel economy.

Now Find the 2012 Ford Mustang at Marketplace Ford
Marketplace Ford is now carrying the 2012 Ford Mustang at its Devils Lake, North Dakota dealership.

Take Advantage of the Certified Toyota Service Department at Lake Toyota
Lake Toyota is introducing its service department, a Toyota certified body shop that allows the Devils Lake community to conveniently and quickly get their vehicles serviced.

The 2012 Chevy Equinox Has Arrived at Lake Motor Company
Lake Motor Company now has a large selection of new 2012 Chevy Equinox SUVs in stock at its Devils Lake, North Dakota dealership.