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Ceat Ltd consolidated Q4 net profit slips 19% at Rs52 crore

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Analysts say the decline in profit can be directly attributed to lower vehicle sales during the quarter MUMBAI : Leading tyre manufacturer Ceat Ltd reported a 19% YoY drop in its consolidated profit, which stood at ₹52 crore for the March quarter.

The company’s profit in Q4FY19 was Rs64 crore. Analysts say the decline in profit can be directly attributed to lower vehicle sales during the quarter, which saw lockdown imposed during the festive season of gudi padwa and navratri in March.

Ceat’s consolidated Q4FY20 revenue from operations were at Rs1,573 crore, down 11% YoY from Rs1,760 crore from the year-ago period.

The company has, in its financial statements, made a provision of exceptional items to the tune of Rs28.18 crore for the March

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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