CEAT Ltd

Paras Defence and Space Technologies Ltd, R R Kabel Ltd, Sonata Software Ltd and Schaeffler India Ltd are among the other gainers in the BSE's 'A' group today, 30 April 2025.CEAT Ltd surged 7.79% to Rs 3300 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 31270 shares were traded on the counter so far as against the average daily volumes of 5440 shares in the past one month. Paras Defence and Space Technologies Ltd soared 6.91% to Rs 1429.5. The stock was the second biggest gainer in 'A' group. On the BSE, 3.92 lakh shares were traded on the counter so far as against the average daily volumes of 71726 shares in the past one month. R R Kabel Ltd spiked 6.51% to Rs 1046. The stock was the third biggest gainer in 'A' group. On the BSE, 37117 shares were traded on the counter so far as against the average daily volumes of 6995 shares in the past one month. Sonata Software Ltd exploded 6.41% to Rs 400. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.72 lakh shares were traded on the counter so far as against the average daily volumes of 2.27 lakh shares in the past one month. Schaeffler India Ltd spurt 5.63% to Rs 3465.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 35881 shares were traded on the counter so far as against the average daily volumes of 1630 shares in the past one month. Powered by Capital Market - Live

However, on a year-on-year basis, the company's consolidated net profit declined 8.35% to Rs 99.49 crore on a 14.33% increase in revenue to Rs 3,420.62 crore in Q4 FY25 over Q4 FY24. The company reported profit before exceptional items and tax of Rs 165.88 crore in Q4 FY25, compared to Rs 196.86 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 37.04 crore during the quarter. EBITDA in Q4 FY25 slipped 1.8% to Rs 393.5 crore compared to Rs 400.9 crore reported in Q4 FY24. EBITDA margin reduced to 11.5% during the quarter as against 13.4% in the same quarter the previous year; margins were impacted by a higher RM basket. In Q4 FY25, capital expenditure (capex) amounted to approximately Rs 235 crore. On the margins front, the company's operating margin reduced to 11.51% in Q4 FY25, compared with 13.40% recorded in Q4 FY24. Net profit margin declined to 2.89% in Q4 FY25 from 3.42% registered in Q4 FY24. Kumar Subbiah, CFO of CEAT, said, 'Our operating margins improved in Q4 by over 120 bps, largely driven by favorable revenue mix and the result of strong cost controls across the value chain. We incurred capex of Rs 946 crore during the year, largely in capacity additions that would prepare us well to deliver our growth plans in FY 26. During the quarter, we incurred Rs 37 crores towards voluntary separation of employees in one of our high-cost factories as part of our continuous effort to keep our manufacturing units cost competitive. Meanwhile, the board of directors at its meeting held today has approved a dividend of Rs 30 per equity share for FY24-25. This is subject to the approval of shareholders. CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tires, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.Powered by Capital Market - Live

CEAT announced that the Board of Directors of the Company at its meeting held on 29 April 2025, inter alia, have recommended the final dividend of Rs 30 per equity Share (i.e. 300%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of CEAT declined 8.35% to Rs 99.49 crore in the quarter ended March 2025 as against Rs 108.56 crore during the previous quarter ended March 2024. Sales rose 14.33% to Rs 3420.62 crore in the quarter ended March 2025 as against Rs 2991.85 crore during the previous quarter ended March 2024. For the full year,net profit declined 26.45% to Rs 472.64 crore in the year ended March 2025 as against Rs 642.65 crore during the previous year ended March 2024. Sales rose 10.67% to Rs 13217.87 crore in the year ended March 2025 as against Rs 11943.48 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales3420.622991.85 14 13217.8711943.48 11 OPM %11.3513.09 -11.1513.83 - PBDT318.20332.92 -4 1213.901402.90 -13 PBT165.88196.86 -16 651.21894.07 -27 NP99.49108.56 -8 472.64642.65 -26 Powered by Capital Market - Live

CEAT will hold a meeting of the Board of Directors of the Company on 29 April 2025.Powered by Capital Market - Live

CEAT has approved an investment upto Rs 3.45 crore by way of subscription in Rights Issue of equity shares of Tyresnmore Online (Tyresnmore), a wholly owned subsidiary of the Company. Powered by Capital Market - Live

CEAT announced that Ranjit Vasant Pandit (DIN:00782296), Non-Executive Independent Director, has tendered resignation from the Board with effect from 02 March 2025. Powered by Capital Market - Live

Revenue from operations increased 11.36% year on year (YoY) to Rs 3,299.90 crore against Rs 2,963.1 crore in the corresponding period of the preceding fiscal. Profit before tax stood at Rs 127.75 crore in Q3 FY25, down 43.86% as against Rs 227.55 crore recorded in Q3 FY24. EBITDA in Q3 FY25 slipped 18.65% to Rs 346.3 crore as compared to Rs 425.7 crore reported in Q3 FY24. EBITDA margin reduced to 10.5% during the quarter as against 14.4% in the same quarter previous year, margins were impacted by a higher RM basket. In Q3 FY25, capital expenditure (capex) amounted to approximately Rs 280 crore. Meanwhile, the company's board has approved the capex of Rs 700 crore for its plant situated at MIDC, Butibori, Nagpur, Maharashtra. The existing plant currently produces approximately 270 lakh tyres annually, with a capacity utilisation of 90%. The said capacity is expected to be added by FY2027-28. The rationale behind this capacity addition is that the Indian 2/3-wheeler industry is expected to experience strong growth in the short to medium term. This investment aims to progressively increase capacity to meet the anticipated future demand. Further, the company said that its entity in Indonesia will be incorporated as a 'Subsidiary' instead of wholly owned subsidiary pursuant to local regulatory requirements. On 17 October 2024, the company's board approved incorporation of a wholly owned subsidiary (WOS) in the Republic of Indonesia, subject to local regulatory requirements. Arnab Banerjee, MD and CEO of CEAT, said, 'We witnessed strong year-on-year double-digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increases in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4, and we expect growth momentum to continue. Kumar Subbiah, CFO of CEAT, said, The gross margins were impacted during the quarter due to the increase in raw material cost. We managed part of it through price increases and cost controls. Meanwhile, our capex during the quarter was Rs 283 crore, which was fully funded through internal controls, and hence, our debt level has remained at a similar level. CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.Powered by Capital Market - Live

Net profit of CEAT declined 46.49% to Rs 97.11 crore in the quarter ended December 2024 as against Rs 181.48 crore during the previous quarter ended December 2023. Sales rose 11.36% to Rs 3299.90 crore in the quarter ended December 2024 as against Rs 2963.14 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3299.902963.14 11 OPM %10.3314.09 - PBDT269.24354.89 -24 PBT127.75227.55 -44 NP97.11181.48 -46 Powered by Capital Market - Live

Tyresnmore is, inter alia, engaged in the business of selling automotive tyres, accessories and/or providing services of installing, fitting, wheel balancing and wheel alignment for automotive tyres. Its turnover was Rs 25.63 crore in FY24. The company will acquire 21,055 equity shares of Tyresnmore. The company's shareholding post this proposed investment remains 100%. The said transaction will be completed on or before 20 January 2025. CEAT, the flagship company of RPG Enterprises, is one of India's leading tyre manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles. The tyres manufacturing company's consolidated net profit fell 41.4% to Rs 121.88 crore in Q2 FY25 as compared to Rs 208 crore posted in Q2 FY24. Revenue from operations increased 8.22% year on year (YoY) to Rs 3,304.53 crore in the quarter ended 30 September 2024. The counter declined 3.44% to end at Rs 3068.40 on Monday, 6 January 2025.Powered by Capital Market - Live