CEAT surges despite reporting 43% fall in Q2 consolidated net profit
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Ceat is currently trading at Rs. 2973.35, up by 84.05 points or 2.91% from its previous closing of Rs. 2889.30 on the BSE.
The scrip opened at Rs. 2800.00 and has touched a high and low of Rs. 3010.00 and Rs. 2724.10 respectively. So far 14917 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3262.20 on 27-Sep-2024 and a 52 week low of Rs. 2060.00 on 23-Oct-2023.
Last one week high and low of the scrip stood at Rs. 3050.00 and Rs. 2724.10 respectively. The current market cap of the company is Rs. 12055.54 crore.
The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 35.86% and 16.93% respectively.
CEAT has reported 31.45% fall in its net profit at Rs 136.51 crore for the quarter ended September 30, 2024 as compared to Rs 199.14 crore for the same quarter in the previous year. However, total income of the company increased by 8.89% at Rs 3,317.85 crore for Q2FY25 as compared to Rs 3,046.93 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 42.68% fall in net profit at Rs 115.83 crore for Q2FY25 as compared to Rs 202.09 crore for the same quarter in the previous year. However, total income of the company increased by 7.97% at Rs 3,307.98 crore for Q2FY25 as compared to Rs 3,063.79 crore for the corresponding quarter previous year.
