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Informist, Monday, Jan. 19, 2026

 

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--CEAT Oct-Dec net profit INR 1.92 bln
--Analysts saw CEAT Oct-Dec net profit INR 2.06 bln
--CEAT Oct-Dec revenue INR 39.57 bln
--Analysts saw CEAT Oct-Dec revenue INR 39.73 bln
--CEAT Oct-Dec net profit INR 1.92 bln vs INR 959.70 mln year ago
--CEAT Oct-Dec revenue INR 39.57 bln vs INR 32.92 bln year ago
--CEAT Oct-Dec net profit includes one-time cost of INR 578.10 mln
--CEAT Oct-Dec profit excluding one-time cost INR 2.49 bln
--CEAT Apr-Dec net profit INR 5.29 bln vs INR 3.82 bln year ago
--CEAT Apr-Dec revenue INR 111.79 bln vs INR 97.58 bln year ago
--CEAT OKs capex of INR 13.14 bln at Chennai plant
--CEAT proposes to add capacity of 3.5 mln tyres/annum at Chennai plant  
 

 

By Anand JC

  

NEW DELHI – Tyre manufacturer CEAT Ltd.'s revenue and profit missed analysts' estimates for the December quarter, even as the company's top line grew at the fastest pace in 14 quarters and the bottom line nearly doubled, benefiting from a low base.

 

CEAT reported a net profit of INR 1.92 billion for the reporting quarter, up nearly 100% on year but down 5% from the trailing quarter. Analysts had expected the company to report a net profit of INR 2.06 billion.  

 

The tyremaker's revenue from operations for the latest quarter grew by over 20% on year and 7% on quarter to INR 39.57 billion. The company's top line was lower than the consensus estimate of INR 39.73 billion.

 

"It's been a good quarter, supported by strong revenue growth across all segments. Reduction in GST rates has improved sentiments in the domestic market, and we have had some opportunities opening up in international markets as well," the company's Chief Executive Officer and Managing Director Arnab Banerjee said in a press release. "We expect the positive momentum to sustain in the coming quarter and help us close the year strongly," Banerjee said.

 

The RPG Group company's earnings before interest, tax, depreciation and amortisation for the December quarter was INR 5.57 billion, according to Informist's calculations. Its EBITDA margin was 14.08% for the reporting quarter. The company recognised a provision of INR 580 million towards the impact of the new labour codes.

 

"Strong top-line growth in Q3 drove operating leverage, leading to an improvement in operating margins. Stable commodity prices helped in sustaining gross margins," its Chief Financial Officer Kumar Subbiah said. "We maintained our capex to support our growth during the quarter, largely funded by internal accruals, leading to debt sustaining at the previous quarter level," Subbiah added.  More 

 

CEAT's total expenses for the December quarter climbed 16% on year to INR 36.70 billion. This was mainly due to an 8% on-year increase in its input costs, which rose to INR 22.91 billion. Additionally, other expenses swelled 17% on year to INR 7.70 billion.

 

In Apr-Dec, the company's net profit grew 39% on year to INR 5.29 billion, while revenue from operations rose 15% on year to INR 111.79 billion.

 

CEAT's board on Monday approved plans to increase tyre-making capacity at the company's plant in Tamil Nadu by 3.5 million tyres per annum, at an investment of INR 13.14 billion, to be funded through internal accruals and debt. Currently, the plant can manufacture 9.5 million tyres per annum, including the capacity addition implementations already underway. The proposed expansion is expected to be added by the first half of 2027-28 (Apr-Mar).

 

"The company expects good growth in the short- to medium-term in the PCUV (Passenger Cars and Utility Vehicles) category. This investment is intended to add capacity progressively, to service the anticipated future demand," CEAT said.

 

CEAT disclosed its December quarter results after market hours. Monday, its shares closed 2.4% higher on the National Stock Exchange at INR 3,883.10.  End

 

Edited by Saji George Titus

 

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