Ceat s Q4 FY24 net profit dropped to ₹102 crore, revenue rose to ₹2,992 crore. FY24 net profit was ₹635 crore, revenue reached ₹11,943 crore. Board okayed a final dividend of ₹30 per share for FY24.
The company released its Q2FY24 numbers after market hours on Monday, with its consolidated net profit growing by 3125% YoY to ₹207 crore in the second quarter as compared to a net profit of ₹6.4 crore in the corresponding quarter of the last fiscal year.
Share of multinational tyre maker Ceat slipped 10% today after the firm reported a 77% fall in Q2 net profit. It opened with a loss of 6.45% at Rs 1,210 today against previous close of Rs 1,293.40. The stock touched an intraday low of Rs 1,165, falling 9.93% on BSE.