CEAT shares drop over 2% as net profit falls 28% YoY to Rs 112 crore in Q1
Revenue for the quarter rose 10.5% to ₹3,529 crore from ₹3,193 crore in Q1 FY24, backed by strong performance in both the OEM and replacement segments. EBITDA saw a marginal rise of 1.3% to ₹387 crore. However, margins slipped to 11%, down from 12% in the same quarter last year, mainly due to higher marketing expenses.
On the demand front, the domestic market remained robust, with good volume growth across key OEM categories and stable replacement sales. The international segment, however, stayed flat, impacted by broader macroeconomic pressures.
In a key management update, the company's board approved the reappointment of Arnab Banerjee as Managing Director & CEO for another two years, starting April 1, 2026, pending shareholder approval. The move follows a recommendation from the Nomination and Remuneration Committee.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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