Tyre major CEAT Ltd. saw its net profit nearly halve to Rs 97 crore in the October-December quarter of the current financial year even as the company’s revenue rose 11.4 per cent to Rs 3,300 crore, according to an exchange filing on Wednesday.
On a consolidated basis, the RPG group company’s revenue closed at Rs. 3,192.8crore, EBITDA margin stood at 12.2 per cent, a contraction of 124 bps vs Q4 FY23-24.
CEAT has associated with Royal Enfield in the past by supplying tyres for Royal Enfield Bullet, Classic, Himalayan, Meteor motorcycles, among others.
