{"id":7764,"date":"2019-05-16T16:58:13","date_gmt":"2019-05-16T11:28:13","guid":{"rendered":"https:\/\/www.tyremarket.com\/tyremantra\/?p=7764"},"modified":"2019-05-17T17:11:02","modified_gmt":"2019-05-17T11:41:02","slug":"ceat-registers-q4-pat-dip-inr-64-crore","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/ceat-registers-q4-pat-dip-inr-64-crore\/","title":{"rendered":"CEAT Registers Q4 PAT Dip Of INR. 64 Crore"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-703 size-full\" src=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/06\/CEAT-logo-Cropped-e1471777369745.jpg\" alt=\"CEAT registers q4 pat dip inr 64 crore\" width=\"729\" height=\"410\" vspace=\"18\" \/><\/p>\n<p><span style=\"font-weight: 400;\">One of India\u2019s leading tyre manufacturer, CEAT, has registered a drop of 8.7 percent in its standalone net profit, which now stands at INR. 64 crore for the fourth quarter that ended on 31<\/span><span style=\"font-weight: 400;\">st<\/span><span style=\"font-weight: 400;\"> March 2019. The company posted a standalone profit of INR. 77 crore in the fourth quarter of FY 2018, according to a regulatory filing by CEAT.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, net revenue from operations rose by 4.4 percent and stands at INR. 1,760 crore in Q4 2019 compared to INR. 1,686 crore in Q4 2018. During the quarter under review, EBTIDA stood at INR. 166 crore, this is down 18.2 percent when compared to INR. 203 crore during the same period last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.tyremarket.com\/CEAT-Car-Tyres\" target=\"_blank\" rel=\"noopener\">CEAT<\/a> closed FY19 with total consolidated revenue of INR. 6,985 crore. This about 11.2 percent higher than last year. EBITDA grew at 3.9 percent to stand at INR. 663 crore. Moreover, PAT for the year was INR. 251 crore.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Managing Director, CEAT Limited, Anant Goenka has commented on the results as well as the outlook for the business. According to him, in the past year, they have endeavoured to sustain their growth trajectory what was conceived as a muted period. The rising crude prices and production cuts by automobile makers have been felt across the auto and ancillary industry. However, <a href=\"https:\/\/www.tyremarket.com\/CEAT-Two-Wheeler-Tyres\" target=\"_blank\" rel=\"noopener\">CEAT<\/a> continues its capacity expansions as planned with Halol\u2019s Truck and Bus radial plant commencing operations this February.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As far as full year\u2019s standalone performance is concerned, the tyre manufacturer registered a revenue growth of 10 percent to close the year at INR. 6,831 crore. EBITDA margin for the same period stood at 9.3 percent while profit stood at INR. 289 crore, a margin of 4.2 percent.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of India\u2019s leading tyre manufacturer, CEAT, has registered a drop of 8.7 percent in its standalone net profit, which now stands at INR. 64&#8230;<\/p>\n","protected":false},"author":4,"featured_media":968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[565,4933,4932,390],"class_list":["post-7764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceat-tyres-news","tag-ceat-tyres-q4-profits-2019","tag-tire-industry","tag-tyre-industry-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>CEAT Registers Q4 PAT Dip Of INR. 64 Crore<\/title>\r\n<meta name=\"description\" content=\"One of India\u2019s leading tyre manufacturer, CEAT, has registered a drop of 8.7 percent in its standalone net profit, which now stands at INR. 64 crore for...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.tyremarket.com\/tyremantra\/ceat-registers-q4-pat-dip-inr-64-crore\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"CEAT Registers Q4 PAT Dip Of INR. 64 Crore\" \/>\r\n<meta property=\"og:description\" content=\"One of India\u2019s leading tyre manufacturer, CEAT, has registered a drop of 8.7 percent in its standalone net profit, which now stands at INR. 64 crore for...\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/ceat-registers-q4-pat-dip-inr-64-crore\/\" 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verma\"},\"description\":\"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. 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As of today I\u2019m 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.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CEAT Registers Q4 PAT Dip Of INR. 64 Crore","description":"One of India\u2019s leading tyre manufacturer, CEAT, has registered a drop of 8.7 percent in its standalone net profit, which now stands at INR. 64 crore 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