One of the leading Indian tyre manufacturers CEAT has recently reported a dip of 36 percent in its consolidated net profit for the quarter that ended in December 2018. Its net profit stands at INR 52.24 crore. The company had posted a net profit of INR 82.10 crore during the same period of the last fiscal. CEAT told in a filing to the BSE.
However, its consolidated total income increased and currently stands at INR 1,717.95 crore for the quarter in the review as against INR 1,580.78 crore for the corresponding period a year ago.
Anant Goenka, CEAT’s Managing Director, said that the company’s Q3 revenue, year on year has witnessed an upward trend on the back of a strong performance in two-wheelers and commercial vehicle segments. He further added that from a product launch perspective, the company is excited with the launch of the Gripp X3 and Milaze X3 products.
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Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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