CEAT Ltd's Q3FY25 Quarter Results
- 1d ago
Result Summary
- CEAT Ltd reported a 0.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.4%.
- Its expenses for the quarter were up by 0.9% QoQ and 16.0% YoY.
- The net profit decreased 20.1% QoQ and decreased 46.5% YoY.
- The earnings per share (EPS) of CEAT Ltd stood at 24 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3303.33 | 3307.98 | 2966.08 | -0.1% | 11.4% |
Total Expenses | 3175.58 | 3145.81 | 2738.53 | 0.9% | 16.0% |
Profit Before Tax | 127.75 | 162.14 | 227.55 | -21.2% | -43.9% |
Tax | 36.14 | 46.31 | 54.44 | -22.0% | -33.6% |
Profit After Tax | 97.03 | 121.45 | 181.28 | -20.1% | -46.5% |
Earnings Per Share | 24.00 | 30.10 | 44.90 | -20.3% | -46.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
CEAT Ltd is a prominent player in the tire manufacturing industry, primarily producing a wide range of tires for various vehicles, including passenger cars, two-wheelers, trucks, and buses. The company operates extensively across both domestic and international markets, catering to diverse customer needs with its innovative and durable tire solutions. CEAT has a strong presence in India and is recognized for its commitment to safety and quality. The company is part of the RPG Group, a diversified conglomerate with interests in various sectors. Recent developments at CEAT have focused on expanding its product portfolio and enhancing production capacity to meet growing demand, although specific recent developments are not detailed in the provided data.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), CEAT Ltd reported a total income of ₹3303.33 crores. This represents a slight decline of 0.1% compared to the previous quarter (Q2FY25) where the total income was ₹3307.98 crores. Compared to the same quarter in the previous year (Q3FY24), where the total income was ₹2966.08 crores, there is an increase of 11.4%. This year-over-year growth indicates a rise in revenue generation over the past year, despite the minor quarter-over-quarter dip. The data suggests that CEAT has been able to enhance its revenue from the previous year, maintaining a relatively stable income stream in the current fiscal quarter.
Profitability
In terms of profitability, CEAT Ltd's performance in Q3FY25 shows a decline in profit metrics. The profit before tax (PBT) for Q3FY25 was ₹127.75 crores, which is a decrease of 21.2% from ₹162.14 crores in Q2FY25 and a significant drop of 43.9% from ₹227.55 crores in Q3FY24. Furthermore, the profit after tax (PAT) for Q3FY25 stood at ₹97.03 crores, experiencing a 20.1% decline from the previous quarter's ₹121.45 crores and a 46.5% decrease from the ₹181.28 crores recorded in the same quarter of the previous year. The earnings per share (EPS) also followed this downward trend, decreasing from ₹30.10 in Q2FY25 to ₹24.00 in Q3FY25, and down from ₹44.90 in Q3FY24. These figures reflect a challenging quarter for CEAT in terms of profitability, with both quarterly and annual declines.
Operating Metrics
CEAT Ltd's total expenses for the third quarter of FY25 were reported at ₹3175.58 crores, marking a 0.9% increase from the ₹3145.81 crores incurred in the previous quarter (Q2FY25) and a 16.0% increase from ₹2738.53 crores in Q3FY24. The data indicates that while the company's revenue saw a year-over-year increase, expenses have risen at a faster rate, impacting overall profitability. The company's tax expenses also decreased to ₹36.14 crores in Q3FY25 from ₹46.31 crores in Q2FY25 and ₹54.44 crores in Q3FY24, which correlates with the lower profit before tax figures. These operating metrics provide insight into the cost management and tax strategy of the company during this period.
