admin
CEAT Q4 Results Live : CEAT, the tire manufacturing company, announced their Q4 results on 02 May, 2024. The company reported a 4.07% increase in revenue compared to the same quarter last year, but witnessed a significant 18.8% decrease in profit year-over-year.
In comparison to the previous quarter, CEAT saw a marginal 0.97% growth in revenue, while the profit took a substantial hit with a 40.18% decline.
The Selling, general & administrative expenses showed a slight decline of 0.86% quarter-on-quarter, but increased by 0.7% year-on-year.
Operating income also faced challenges, dropping by 32.01% sequentially and 15.67% year-on-year.
The Earnings Per Share (EPS) for Q4 stood at ₹36.77, marking a 6.14% increase from the previous year.
CEAT’s stock performance in the market has been mixed, with a 3.72% return in the last week, 23.09% return in the last 6 months, and 8.05% year-to-date return.
The company currently holds a market capitalization of ₹10607.43 Cr, with a 52-week high/low of ₹2998.45 & ₹1628.25 respectively.
Analysts covering CEAT have varied opinions, with 3 analysts rating it as Strong Sell, 1 as Sell, 2 as Hold, 4 as Buy, and 8 as Strong Buy as of 04 May, 2024.
The consensus recommendation for CEAT as of 04 May, 2024, was to Buy.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2991.85 | 2963.14 | +0.97% | 2874.82 | +4.07% |
| Selling/ General/ Admin Expenses Total | 215.3 | 217.17 | -0.86% | 213.8 | +0.7% |
| Depreciation/ Amortization | 136.06 | 127.34 | +6.85% | 125.3 | +8.59% |
| Total Operating Expense | 2794.57 | 2672.98 | +4.55% | 2640.87 | +5.82% |
| Operating Income | 197.28 | 290.16 | -32.01% | 233.95 | -15.67% |
| Net Income Before Taxes | 148.09 | 235.72 | -37.18% | 177.46 | -16.55% |
| Net Income | 108.56 | 181.48 | -40.18% | 133.7 | -18.8% |
| Diluted Normalized EPS | 36.77 | 44.87 | -18.05% | 34.64 | +6.14% |
FAQs
Question : What is the Q4 profit/Loss as per company?
Ans : ₹108.56Cr
Question : What is Q4 revenue?
Ans : ₹2991.85Cr
Stay updated on quarterly results with our results calendar
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates & Live Business News.
Published: 04 May 2024, 02:34 AM IST
