Conference Call with Ceat Ltd. Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Auto Tyres & Rubber Products company Ceat announced Q3FY25 results Standalone Financial Highlights: Company’s revenue stood at Rs 3,291.8 crore, 11.6% YoY. EBITDA margin stood at 10.4%. Net profit was reported at Rs 96.0 crore. Consolidated Financial Highlights: Company’s revenue closed at Rs 3,299.9 crore, an increase of 11.4% YoY. EBITDA margin stood at 10.5%. Net profit stood at Rs 97.0 crore. Arnab Banerjee, MD & CEO, CEAT, said: “We witnessed a strong year-on-year double digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increase in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4 and we expect growth momentum to continue." Kumar Subbiah, CFO of CEAT, said: “The gross margins were impacted during the quarter due to the increase in raw material cost. A part of it we managed through price increase and cost controls. Meanwhile, our capex during the quarter was Rs 283 crore, which were fully funded through internal controls and hence, our debt level has remained at similar level.” Result PDF
Conference Call with Ceat Ltd. Management and Analysts on its recent acquisition. Listen to the full transcript.