Bengaluru – 16th January, 2025 : CEAT Limited (CIN No: L25100MH1958PLC011041), an RPG Group company, today announced its unaudited results for the third quarter ending on 31th December, 2024.
On a consolidated basis, the Company’s revenue closed at Rs. 3,299.9 crore, an increase of 11.4% Y-o-Y, EBITDA margin stood at 10.5%. Net profit stood at Rs. 97.0 crore.
Commenting on the results as well asthe outlook of the business, Mr. Arnab Banerjee, MD & CEO, CEAT Limited, said, “We witnessed a strong year-on-year double digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increase in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4 and we expect growth momentum to continue.”
On a standalone basis, the Company’s revenue stood at Rs. 3,291.8 crore, 11.6% Y-o-Y and EBITDA margin stood at 10.4% and net profit was reported at Rs. 96.0 crore.
Mr. Kumar Subbiah, CFO of CEAT Limited,said, “The gross margins were impacted during the quarter due to the increase in raw material cost. A part of it we managed through price increase and cost controls. Meanwhile, our capex during the quarter was Rs 283 crores, which were fully funded through internal controls and hence, our debt level has remained at similar level.”
