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Ceat shines on reporting over 5-fold jump in Q4 consolidated net profit
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Ceat is currently trading at Rs. 1720.20, up by 65.00 points or 3.93% from its previous closing of Rs. 1655.20 on the BSE.
The scrip opened at Rs. 1698.90 and has touched a high and low of Rs. 1747.90 and Rs. 1693.70 respectively. So far 36126 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1981.45 on 02-Dec-2022 and a 52 week low of Rs. 890.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1747.90 and Rs. 1510.10 respectively. The current market cap of the company is Rs. 6970.97 crore.
The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 36.89% and 15.90% respectively.
Ceat has reported results for fourth quarter (Q4) and year ended March 31, 2023.
Ceat has reported around 10-fold jump in its net profit at Rs 132.00 crore for the quarter under review as compared to Rs 13.29 crore for the same quarter in the previous year. Total income of the company increased by 11% at Rs 2,864.97 crore for Q4FY23 as compared to Rs 2,581.00 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 5-fold jump in its net profit at Rs 132.42 crore for fourth quarter ended March 31, 2023 as compared to Rs 25.43 crore for the same quarter in the previous year. Total income of the company increased by 10.86% at Rs 2,877.21 crore for Q4FY23 as compared to Rs 2,595.28 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported over 3-fold jump in its net profit at Rs 206.27 crore as compared to Rs 54.33 crore for the previous year. Total income of the company increased by 20.99% at Rs 11,301.92 crore for year under review as compared to Rs 9,340.82 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 182.39 crore as compared to Rs 70.58 crore for the previous year. Total income of the company increased by 20.88% at Rs 11,331.82 crore for year under review as compared to Rs 9,374.81 crore for year ended March 31, 2022.
