Earnings Review
CEAT Q4 PAT rise highest in three quarters YoY, beats view
This story was originally published at 19:56 IST on 28 April 2026
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--CEAT Jan-Mar net profit INR 2.84 bln
--Analysts saw CEAT Jan-Mar net profit INR 2.04 bln
--CEAT Jan-Mar revenue INR 40.36 bln
--Analysts saw CEAT Jan-Mar revenue INR 41.50 bln
--CEAT Jan-Mar net profit INR 2.84 bln vs INR 1.00 bln year ago
--CEAT Jan-Mar revenue INR 40.36 bln vs INR 34.14 bln year ago
--CEAT to pay INR 35 per share dividend
--CEAT FY26 net profit INR 8.13 bln vs INR 4.82 bln year ago
--CEAT FY26 revenue INR 152.15 bln vs INR 131.72 bln year ago
By Reshma Ravi
MUMBAI – Tyre manufacturer CEAT Ltd. reported a handsome triple-digit year-on-year growth in its net profit for the March quarter. The company beat analysts' consensus estimate for net profit to report the highest year-on-year growth in three quarters. However, CEAT missed the Street's revenue expectations for the quarter under review.
CEAT reported a net profit of INR 2.84 billion for the reporting quarter, up over 182% on year and 48% from the trailing quarter. Analysts had expected the company to report a net profit of INR 2.04 billion.
The tyre-maker's revenue from operations for the March quarter rose over 18% on year and nearly 2% on quarter to INR 40.36 billion. The company's top line was lower than the consensus estimate of INR 41.50 billion.
"In Q4, we delivered high growth in all segments including international business, despite geopolitical tensions. Looking ahead, while there is a momentum on top line, we have short-term challenges on supply chain and costs due to steep increase raw material cost that we intent to mitigate through pricing and strong cost management," the company's Chief Executive Officer and Managing Director Arnab Banerjee said in a press release. "We intend to continue expanding our capacities in line with our growth plans," Banerjee added.
CEAT's total expenses for the March quarter climbed over 14% on year to INR 37.06 billion. Cost of materials consumed rose nearly 10% on year to INR 23.85 billion and other expenses grew almost 16% on year to INR 7.68 billion.
The RPG Group company's earnings before interest, tax, depreciation, and amortisation for the March quarter were up nearly 49% on year at INR 5.87 billion. Its EBITDA margin was 14.55% for the reporting quarter.
For the financial year 2025-26 (Apr-Mar), the company's net profit rose nearly 69% on year to INR 8.13 billion. The revenue was INR 152.15 billion, up around 16%. "FY26 has been a strong year where we delivered robust growth in top line as well as in bottom line. We crossed an important milestone of Rs 15000 crores (INR 150 billion) of revenue, accompanied by market share gains in replacement and OEMS. We successfully closed the CAMSO deal during the year," Banerjee said.
The company's board approved a dividend of INR 35 per equity share for FY25 to FY26.
CEAT announced its December quarter results after market hours. Tuesday, its shares closed 0.5% lower on the National Stock Exchange at INR 3,516.70. End
Edited by Deepshikha Bhardwaj
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