Sun, Jan 28, 2024
The company is also gearing up to enter the passenger vehicles (PV) and truck and bus radial (TBR) tyre market in the US in the first quarter of the next fiscal, with an eye on making its international business one of the growth engines.
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Wed, Jan 03, 2024
Deputy Commissioner of State Tax, Maharashtra has issued an order demanding Rs 22 lakh and interest of Rs 26 lakh, together with penalty of Rs 2 lakh on following an SCN initially issued for reversal of input tax credit on non-payment of tax by suppliers.
Tue, Oct 17, 2023
CEAT shares surged on Tuesday after the private sector tyre manufacturer staged a strong quarterly performance with more than doubling of its margin on an year-on-year basis.
Fri, Jul 23, 2021
Kumar Subbiah, Chief Financial Officer, CEAT Tyres Limited says the Rs 1,200 crore will be used in two phases, approximately Rs 700 crore will be invested now, and the balance will be invested depending upon the volume growth in that period.
Fri, May 07, 2021
CEAT Share Price: Prabhudas Lilladher said that CEAT’s 4QFY21 consolidated results missed estimates, as margin came lower at 11.4% (-130bp YoY/ 340bp QoQ) led by raw material headwinds and lower replacement mix. As gross margins are anticipated to remain weak in H1 due to RM inflation (+8-10% increase in Q1) and weaker mix (replacement share to normalize to 60% v/s 65% in H2
Wed, May 05, 2021
Tyre maker Ceat Ltd on Wednesday reported a nearly three-fold increase in standalone net profit to Rs 141.84 crore in the March quarter of the previous fiscal. The company had posted a standalone net profit of Rs 50.12 crore in Q4 FY20
Thu, Nov 05, 2020
Auto sector has been outperforming for the last many months, so HDFC Securities have picked Amara Raja Batteries and CEAT. Private Banking space has seen good up move due to better than expected numbers and good management commentary. HPCL has been consolidating for a while, positive news on buyback can move the stock price on the upside.
Fri, Oct 16, 2020
JM Financial says gross margin expansion in FY21 is likely to sustain, robust demand recovery and low crude oil prices will keep the tyre sector rolling.
Mon, Aug 05, 2019
HDFC Ltd reported a core operating profit of Rs 34 billion, aided by robust assignment/securitisation income and lower expenses.
Wed, Jun 26, 2019
Volumes of Chinese tyres have now come down from 150,000 per month to 30,000 units per month. Patil reportedly said that this would further go down in the coming months post this decision.
Mon, Jul 09, 2018
Tyre manufacturer CEAT Ltd today said it would manufacture radial tyres for lorries, buses, and cars and also two-wheeler tyres in its proposed facility at Sriperumbudur, for which it inked a pact with Tamil Nadu government last week, reported PTI.
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