CEAT gains despite reporting 16% fall in Q4 consolidated net profit

CEAT is currently trading at Rs. 1056.10, up by 20.65 points or 1.99% from its previous closing of Rs. 1035.45 on the BSE.

The scrip opened at Rs. 1028.00 and has touched a high and low of Rs. 1064.55 and Rs. 1025.00 respectively. So far 40020 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1536.00 on 08-May-2018 and a 52 week low of Rs. 983.80 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1069.90 and Rs. 1025.00 respectively. The current market cap of the company is Rs. 4257.57 crore.

The promoters holding in the company stood at 51.08%, while Institutions and Non-Institutions held 32.29% and 16.62% respectively.

The company has reported a fall of 8.75% in its net profit at Rs 77.69 crore for the fourth quarter ended March 31, 2019 as compared to Rs 85.14 crore for the same quarter in the previous year. However, total income of the company marginally increased by 4.78% at Rs 1,749.83 crore for Q4FY19 as compared Rs 1,670.04 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 16.26% in its net profit at Rs 64.32 crore for the quarter under review as compared to Rs 76.81 crore for the same quarter in the previous year. However, total income of the company increased by 5.79% at Rs 1,791.09 crore for Q4FY19 as compared Rs 1,693.03 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a marginal rise of 3.66% in its net profit at Rs 288.91 crore as compared to Rs 278.72 crore for the previous year. Total income of the company increased by 6.96% at Rs 6,886.60 crore for year under review as compared to Rs 6,438.72 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 7.63% in its net profit at Rs 251.08 crore as compared to Rs 233.29 crore for the previous year. Total income of the company increased by 8.36% at Rs 7,023.51 crore for year under review as compared to Rs 6,481.79 crore for year ended March 31, 2018.

The post CEAT gains despite reporting 16% fall in Q4 consolidated net profit appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

Leave a Reply

Your email address will not be published. Required fields are marked *