&w=3840&q=100)
CEAT falls over 2% on mixed Q1 nos; profit tanks 28%, revenue up 11% YoY
At 10:04 AM, CEAT share was trading 1.46 per cent lower at ₹3,799 per share. In comparison, BSE Sensex was trading 0.39 per cent lower at 81,939.81 levels.
Why did CEAT share price fall in trade today?
CEAT share price fell on the back of a mixed show in the June quarter of financial year 2026 (Q1FY26).
The company reported a 27.7 per cent year-on-year (Y-o-Y) decline in net profit, which dropped to ₹112 crore in Q1FY26, compared to ₹154 crore in the same quarter last year (Q1FY25).
Its revenue, however, rose 10.5 per cent Y-o-Y to ₹3,529 crore, up from ₹3,193 crore, indicating continued growth in topline performance.
Ebitda increased marginally by 1.3 per cent Y-o-Y to ₹387 crore in Q1FY26, against ₹383 crore in the corresponding quarter of the previous year (Q1FY25).
Ebitda margin, meanwhile, declined 100 basis points (bps) to 11 per cent from 12 per cent Y-o-Y.
The board of directors also approved the re-appointment of Arnab Banerjee as managing director and chief executive officer (MD and CEO) of the company for a further term of two years effective from April 1, 2026, subject to approval of shareholders, based on the recommendation of the Nomination and Remuneration Committee.
'We continue to grow at a strong pace with double-digit growth in top-line, driven by OEM and replacement segments,' said Arnab Banerjee, MD and CEO, CEAT.
Banerjee added, 'Looking ahead, we are well poised to ride the premiumisation and electrification trend in the domestic market, and renew our growth in international markets with stability in the geopolitical situation.'
About CEAT
Established in 1958, CEAT is the flagship company of RPG Enterprises and ranks among India's leading tyre manufacturers. With a robust presence in both domestic and international markets, CEAT produces over 48 million high-performance tyres annually.
The company serves a wide range of vehicle segments, including 2- and 3-wheelers, passenger cars, utility vehicles, commercial vehicles, and off-highway vehicles.
Meanwhile, RPG Group, founded in 1979, is one of India's fastest-growing and diversified business conglomerates, with a turnover of $5.2 billion. Its portfolio spans across key sectors such as infrastructure, tyres, pharmaceuticals, information technology, and specialty businesses, along with a growing focus on innovation-driven technology ventures.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Print
24 minutes ago
- The Print
Stock markets rebound on buying in HDFC Bank, ICICI Bank; Sensex climbs 442.61 pts
The 50-share NSE Nifty jumped 122.30 points or 0.49 per cent to 25,090.70. The 50-issue index had slid below the 25,000 mark to settle near a month's low on Friday. Snapping the two-day falling streak, the 30-share BSE Sensex climbed 442.61 points or 0.54 per cent to settle at 82,200.34. During the day, it surged 516.3 points or 0.63 per cent to 82,274.03. Mumbai, Jul 21 (PTI) Benchmark BSE Sensex surged by 442 points while Nifty closed above the 25,000 level on Monday following buying in blue-chip private banking shares HDFC Bank and ICICI Bank after their quarterly earnings. Firm trend in Asian markets and fresh foreign fund inflows also supported the markets. Among Sensex firms, Eternal surged the most by 5.38 per cent post its first quarter numbers. ICICI Bank jumped 2.76 per cent after the company posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. HDFC Bank climbed 2.19 per cent despite the firm reporting a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. Mahindra & Mahindra, Bharat Electronics, Kotak Mahindra Bank and Tata Motors were also among the gainers. However, India's most valuable company Reliance Industries declined 3.29 per cent even after the firm reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. HCL Tech, Hindustan Unilever, Tata Consultancy Services and ITC were also among the laggards. 'Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The initial reaction to earnings from heavyweights like Reliance, ICICI Bank, and HDFC Bank led to sharp swings, Ajit Mishra – SVP, Research, Religare Broking Ltd, said. The market currently reflects a tug-of-war between bulls and bears, with the focus primarily on earnings for further direction, he added. The BSE midcap gauge climbed 0.55 per cent, while smallcap index ended flat, down 0.01 per cent. Among BSE sectoral indices, capital goods jumped 1.33 per cent, bankex (1.28 per cent), financial services (1.26 per cent), metal (0.98 per cent), commodities (0.73 per cent), auto (0.66 per cent) and consumer discretionary (0.63 per cent). Oil & Gas declined 0.70 per cent, FMCG (0.49 per cent), IT (0.30 per cent), BSE Focused IT (0.27 per cent) and teck (0.13 per cent). In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in positive territory. Equity markets were closed in Japan for a holiday. European markets were trading lower. The US markets ended on a mixed note on Friday. Foreign Institutional Investors (FIIs) bought equities worth Rs 374.74 crore on Friday, according to exchange data. Global oil benchmark Brent crude declined 0.48 per cent to USD 68.93 a barrel. On Friday, the Sensex tanked 501.51 points or 0.61 per cent to settle at 81,757.73. The Nifty dropped 143.05 points or 0.57 per cent to close at 24,968.40. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.


Business Standard
2 hours ago
- Business Standard
INR extends decline to one-month low
The Indian rupee depreciated 14 paise to close at a one-month low of 86.30 (provisional) against the US dollar on Monday due to consistent dollar demand from oil importers. After breaching the crucial 86 level, the rupee continued its decline, which intensified the downward trend, tracking a strengthening dollar index. Meanwhile, recovery in Indian shares also supported the counter. The benchmark S&P/BSE Sensex reversed early losses to end the session up 442.61 points, or 0.54 percent, at 82,200.34, with a weakening dollar and lower oil prices offering some support. The broader NSE Nifty index closed up 122.30 points, or 0.49 percent, higher at 25,090.70. At the interbank foreign exchange, the domestic unit opened at 86.27 against the greenback and touched an intra-day high of 86.19 and a low of 86.36 against the greenback.

The Hindu
6 hours ago
- The Hindu
Rupee falls 14 paise to close at 86.30 against U.S. dollar
The rupee depreciated 14 paise to close at 86.30 (provisional) against the U.S. dollar on Monday (July 21, 2025) due to consistent dollar demand from oil importers. Forex traders said after breaching the crucial 86 level, the rupee continued its decline, which intensified the downward trend, tracking a strengthening dollar index. At the interbank foreign exchange, the domestic unit opened at 86.27 against the greenback and touched an intra-day high of 86.19 and a low of 86.36 against the greenback. At the end of Monday's (July 21, 2025) trading session, the local unit settled at 86.30, down 14 paise over its previous closing price. On Friday (July 18, 2025), the rupee settled 4 paise lower at 86.16 against the U.S. dollar. Forex traders said all eyes are now on the outcome of India-U.S. trade talks, especially as the August 1 deadline for potential tariffs on Indian exports draws closer. If the discussions fail or get delayed, it will add to the rupee's challenges, and if a deal is reached, it could offer a much-needed breather. The uncertainty around the India-U.S. trade deal is likely to keep market participants cautious, they added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.22% to 98.26. Brent crude, the global oil benchmark, fell 0.48% to $68.95 per barrel in futures trade. 'The Indian rupee has experienced considerable weakness in recent days and remains the weakest among Asian currencies,' the traders said. 'The primary catalysts for this decline are consistent dollar demand from the importers and a continued exodus of foreign capital. On the technical front, the spot USD/INR has immediate resistance at 86.65 and a significant support at 85.80,' said Dilip Parmar, Research Analyst, HDFC Securities. In the domestic equity market, the 30-share BSE Sensex advanced 442.61 points, or 0.54%, to 82,200.34, while the Nifty rose 122.30 points, or 0.49%, to 25,090.70. Foreign institutional investors (FIIs) purchased equities worth ₹374.74 crore on a net basis on Friday (July 18, 2025), according to exchange data.