Ceat Q4 results: Net profit dips 23% to Rs 102 crore; revenue at Rs 2,992 crore

Tyre maker Ceat on Thursday reported a 23 per cent decline in its consolidated net profit to Rs 102 crore for the fourth quarter ended March 2024. The company had posted a net profit of Rs 132 crore in the January-March quarter of 2022-23.

Its revenue from operations rose to Rs 2,992 crore in the period under review from Rs 2,875 crore in the fourth quarter of FY23. For the fiscal ended March 2024, the company posted a net profit of Rs 635 crore compared to Rs 182 crore in 2022-23.

Revenue from operations rose to Rs 11,943 crore in FY24 against Rs 11,315 crore in FY23. The company said its board approved a final dividend of Rs 30 per share of face value of Rs 10 for the financial year ended March 2024.