CEAT Q1FY24 Results: Consolidated PAT Rises to Rs. 144.61 Cr

CEAT Q1FY24 Results: Consolidated PAT Rises to Rs. 144.61 Cr

CEAT Q1 results show revenue up from 2877.21 crores to 2938.42 crores, a 2.13% increase in growth. EPS rise from ₹33.05 to ₹35.75, up by 8.17%.

First, Let’s Begin with Quarter-on-Quarter Basis:

CEAT shared its Q1 results on Tuesday. They earned 2938.42 crores in revenue this quarter, but that’s more than the 2877.21 crores they made last quarter. The company’s growth increased by 2.13 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 144.61 crores, up from 133.70 crores in the previous quarter. Their quarter-to-quarter growth increased by 8.16 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹35.75, which is an increase of 8.17% from the ₹33.05 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2938.42 crores this year (2023), which is 4.16 percent higher than last year’s total revenue of 2821.14 crores.

This year’s PAT (Profit After Tax) is 144.61 crores, which is also 1,463.35% higher than last year’s PAT of 9.25 crores.

The EPS (Earnings Per Share) for this year is ₹35.75, which is 1,461.14% more than the EPS of ₹2.29 earned last year.

Also Read: SBI Life Insurance Q1FY24 Results: Consolidated PAT of Rs. 381.04 Cr

CEAT Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About CEAT:

Ceat Ltd. is a manufacturer of vehicle tires, specializing in cross-ply and radial tires for automobiles, construction equipment, scooters, and motorcycles. Additionally, The company produces tubes and flaps. The company’s reach extends globally as it exports its products to various companies worldwide.

Download the Full PDF of CEAT Q1 Results: Click Here

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