Shares of CEAT Ltd jumped over 6% on Tuesday to Rs 3249.60 after the tyre maker posted better-than-expected revenue growth for the quarter ended March 2025. Despite a year-on-year decline of 8.4% in net profit to Rs 99.5 crore, the company’s robust top-line performance impressed investors. CEAT had reported a net profit of Rs 108.6 crore in the same quarter last year.
Revenue from operations grew 14.3% year-on-year to Rs 3,420.6 crore, up from Rs 2,991.9 crore in Q4 FY24, supported by strong demand across automotive segments. However, operating profit was slightly lower, with EBITDA coming in at Rs 388 crore, down 0.9% from Rs 391.7 crore. Operating margins contracted to 11.3% from 13.1% a year earlier, largely due to rising input costs and product mix changes.
The company’s Board of Directors has recommended a dividend of Rs 30 per share (300% of face value) for FY25, subject to shareholder approval at the upcoming AGM.
As of 10:22 AM, CEAT shares were trading at Rs 3249.60, up nearly Rs 200 from the previous close of Rs 3,060.40, taking the market capitalization to Rs 12,801 crore.
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