CEAT Ltd Q3 FY 2018-19: Key Points
CEAT Ltd, Mumbai headquartered, a flagship company of the RPG Enterprises, has presented its Q3 FY 2018-19 numbers today afternoon.
The Company’s standalone revenue for the quarter ended 31 December 2018 stood at INR 1673.41 Cr vs INR 1549.96 Cr for the same corresponding period last year, showing 8% revenue growth year-on-year basis. CEAT registered 2.60% de-growth as far as revenues are concern on a QoQ basis (INR 1718.16 CR for July to September ’18 quarter)
Its consolidated total income stood at INR 1,717.95 Cr for the quarter, against INR 1,580.78 Cr for the same period a year ago.
The Company reported INR 58.03 Cr net profit after tax for October to December ’18 quarter against INR 90.99 Cr a period one year ago, registering 36.23% dip YoY. CEAT also registered 23% de-growth in PAT Quarter-on-quarter basis (INR 75.32 Cr for quarter ended September ’18)
Managing Director Speaks –
CEAT MD Anant Goenka said: “Our Q3 revenue, year-on-year, has witnessed an upward growth on the back of a strong performance in two-wheelers and commercial vehicle segments.” From a product launch perspective, the company is excited with the launch of the Gripp X3 and Milaze X3 products, he said.
About CEAT Ltd
CEAT Limited is one of India’s leading tyre manufacturers and has strong presence in global markets.
History: Mumbai head-quartered CEAT Ltd is the flagship company of the INR 22,000 Cr RPG Enterprises, was established in the year 1958. RPG Enterprises is one of India’s largest industrial conglomerates. With over 15 companies in its fold, the group has a strong presence across core business sectors such as Infrastructure, Tyre, IT and Specialty.
Business: CEAT Ltd produces over 15 million tyres a year and offers the widest range of tyres to all segments and manufactures world-class radials for (1) heavy-duty trucks and buses, (2) light commercial vehicles – LCV, (3) earthmovers, (4) forklifts, (5) tractors, (6) trailers, (7) cars, (8) motorcycles and (9) scooters, and (10) auto-rickshaws.
CEAT marks the highest exports from India in truck, OTR and LCV categories to over 130 countries. The Company’s real accolades come in the form of rewards and recognition through a host of awards and participation in events, the company meet and exceed expectations of customers: with special sizes, quality that matches world standards, and a global presence.
Stock Price Movement
The stock ended 3.10% or INR 37.25 lower to INR 1151.65 when the market closed on Monday! During October to December 2018 period, the share prices of CEAT Limited has made a low of INR 985 and high of INR 1373
CEAT Ltd on Technical Charts
The stock prices of CEAT is trading around 13.65% lower when compared to its 200 EMA (1334) and trading 7.7% lower when compared to its 50 EMA (1248)
CEAT current market cap is more than INR 4600 Cr and trading at a PE ratio of 15
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