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Ceat zooms on reporting many fold jump in Q2 consolidated net profit
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Ceat is currently trading at Rs. 2208.45, up by 107.15 points or 5.10% from its previous closing of Rs. 2101.30 on the BSE.
The scrip opened at Rs. 2311.60 and has touched a high and low of Rs. 2333.90 and Rs. 2208.45 respectively. So far 122393 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2640.00 on 10-Jul-2023 and a 52 week low of Rs. 1357.60 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2333.90 and Rs. 2085.65 respectively. The current market cap of the company is Rs. 9052.73 crore.
The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 37.01% and 15.78% respectively.
Ceat has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported over 6-fold jump in its net profit at Rs 199.14 crore for the quarter under review as compared to Rs 29.91 crore for the same quarter in the previous year. Total income of the company increased by 4.45% at Rs 3046.93 crore for Q2FY24 as compared Rs 2917.11 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported many fold jump in its net profit at Rs 207.72 crore for the second quarter ended September 30, 2023 as compared to Rs 6.44 crore for the same quarter in the previous year. Total income of the company increased by 5.49% at Rs 3063.79 crore for Q2FY24 as compared Rs 2904.25 crore for the corresponding quarter previous year.
