CEAT Q4: Profit fell 8% to Rs 99 crore, how much dividend was distributed

News Topical, Digital Desk : CEAT has announced its quarterly results. The company has informed that its profit has fallen by more than 8 percent, while the income has increased by more than 14 percent in the quarter ended in March. There has been a slight decline in EBITDA. At the same time, the margins of the company have come down. The company has announced a dividend of Rs 30 to its investors along with the quarterly results. The stock closed with a gain of half a percent in Tuesday's trading. The results have come after the market closed, so the impact of the quarterly results can be seen in the next session.
 

According to the information given by the company, the profit has fallen by 8.4 percent and on a year-on-year basis, the profit has come down from Rs 108.6 crore to Rs 99.5 crore. Along with this, the company's income has increased by 14.3 percent as compared to last year and the income has increased from Rs 2,991.9 crore to Rs 3,420.6 crore. During this period, the company's EBITDA has come down by about one percent and has come down from Rs 391.7 crore to Rs 388 crore. The company's margin has also seen a decline and the margin has fallen from 13.1 percent to 11.3 percent.

The stock closed at 3061 on Tuesday with a gain of about half a percent. The highest level of the stock for the year is 3581 which was recorded on 9 December 2024. At the same time, the lowest level of the stock for the year is on May 13 last year when the stock was at the level of 2211. 

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