CEAT slips after Q1 PAT plunges 96% YoY to Rs 4 crore
Mumbai, July 17 -- However, revenue from operations rose 22.36% to Rs 4,318 crore in Q1 FY27 over Q1 FY26.
The company reported profit before exceptional items and tax of Rs 39 crore in Q1 FY27, compared to Rs 159 crore recorded in the same period a year ago. The company reported an exceptional expense of Rs 7 crore during the quarter.
EBITDA for Q1 FY27 fell 4.3% to Rs 370 crore, compared to Rs 386 crore in Q1 FY26. The EBITDA margin decreased to 8.6% during the quarter as against 10.9% in the same quarter the previous year.
CEAT's board approved a capital expenditure plan for the expansion of tyre manufacturing capacity. The company currently has an installed capacity of about 80,000 tyres per day, excluding the capacity under implem...
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