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

CEAT has approved an investment of up to Rs 2.57 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 will hold a meeting of the Board of Directors of the Company on 15 January 2025.Powered by Capital Market - Live

ITI Ltd, Indo Count Industries Ltd, Trident Ltd and Greaves Cotton Ltd are among the other gainers in the BSE's 'A' group today, 09 December 2024.CEAT Ltd surged 10.80% to Rs 3425.95 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 87058 shares were traded on the counter so far as against the average daily volumes of 3516 shares in the past one month. ITI Ltd soared 9.85% to Rs 352.9. The stock was the second biggest gainer in 'A' group. On the BSE, 21.01 lakh shares were traded on the counter so far as against the average daily volumes of 8.28 lakh shares in the past one month. Indo Count Industries Ltd spiked 8.96% to Rs 372.1. The stock was the third biggest gainer in 'A' group. On the BSE, 71957 shares were traded on the counter so far as against the average daily volumes of 21861 shares in the past one month. Trident Ltd spurt 8.66% to Rs 37.41. The stock was the fourth biggest gainer in 'A' group. On the BSE, 40.6 lakh shares were traded on the counter so far as against the average daily volumes of 7.1 lakh shares in the past one month. Greaves Cotton Ltd rose 7.51% to Rs 212.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 4.66 lakh shares were traded on the counter so far as against the average daily volumes of 1.89 lakh shares in the past one month. Powered by Capital Market - Live

The frontline indices pared most of the losses in mid-morning trade. The Nifty climbed above the 24,650 level. Media shares extended losses for the second consecutive trading session. At 11:26 IST, the barometer index, the S&P BSE Sensex, declined 12.85 points or 0.02% to 81,697.27. The Nifty 50 index lost 16.90 points or 0.07% to 24,660.90. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.40% and the S&P BSE Small-Cap index rallied 0.57%. The market breadth was strong. On the BSE, 2,469 shares rose and 1,432 shares fell. A total of 175 shares were unchanged. Buzzing Index: The Nifty Media index declined 1.11% to 2,054. The index slipped 1.44% in two consecutive trading sessions. PVR Inox (down 2.78%), Nazara Technologies (down 1.54%), Zee Entertainment Enterprises (down 1.42%), Tips Music (down 1.15%), Saregama India (down 0.86%) and Sun TV Network (down 0.4%) slipped. On the other hand, Dish TV India (up 2.57%),Hathway Cable & Datacom (up 1.44%) and Network 18 Media & Investments (up 0.82%) edged higher. Stocks in Spotlight: CEAT soared 9.68% after RPG group company has entered into a definitive agreement with associate companies of the Michelin Group (Michelin) to acquire the Camso brand's Off-Highway construction equipment tyre and tracks business. PC Jeweller gained 2.47% after the firm said that its board will meet on Wednesday, 11 December 2024, to approve the issuance of 5,17,11,462 equity shares by way of preferential allotment on a private placement basis. Biocon declined 2.76%. The company announced that it has received the establishment inspection report (EIR) from the U.S. Food and Drug Administration (USFDA) for its active pharmaceutical ingredient (API) facility located at Jigani Link Road, Bengaluru, Karnataka. Global Markets: Most Asian stocks slipped on Monday as investors grappled with South Korea's political turmoil and awaited fresh stimulus measures from China. Oil prices remained steady following the dramatic fall of the Syrian government. Investors are gearing up for a pivotal week, marked by a flurry of central bank decisions across four continents, a crucial meeting of Chinese officials, and the release of key US inflation data. This flurry of economic events will shape investment strategies for the remainder of 2024 and set the stage for 2025. Last Friday, US indices hit record highs on Friday, where technology stocks continued to push higher as stronger-than-expected nonfarm payrolls data did little to deter bets on a December rate cut. Markets were also seeking more cues on what President-elect Donald Trump's policies will entail for the U.S. in the coming years. The S&P 500 rose 0.3% to 6,090.27 points on Friday, while the NASDAQ Composite rose 0.8% to 19,859.77 points, with both indexes eking out record highs. The Dow Jones Industrial Average lagged, falling 0.3% to 44,642.52 points. Nonfarm payrolls increased by 227,000 jobs last month, above the expected 202,000, after rising an upwardly revised 36,000 in October as the labor market reeled from Hurricanes Helene and Milton as well as a big strike at Boeing factories in the West Coast. Investors were waiting to see what a major regime change in Syria will entail for geopolitics in the Middle East, after rebel forces ousted President Bashar al-Assad and took control of Damascus, ending 13 years of civil war. Media reports said al-Assad had landed in Moscow, while Israeli forces had entered Syria. US investors are eagerly awaiting the release of consumer price index inflation data on Wednesday. This key economic indicator will provide further insights into the health of the US economy and the future trajectory of interest rates.Powered by Capital Market - Live

Camso is a premium brand in construction equipment tyre and tracks with strong equity in EU and North American aftermarket and OE segments. The transaction is expected to expand company's product portfolio in the Off-Highway Tyres (OHT) and tracks segments, which includes agriculture tyres and tracks, harvester tyres and tracks, power sports tracks and material handling tyres. The business has two manufacturing facilities located in Sri Lanka. Its revenue was $213 million for CY 2023. The Camso brand will be permanently assigned to CEAT across categories after a 3-year licensing period. It will give CEAT access to a global customer base including over 40 international OEMs and premium international OHT distributors. CEAT brings in the ability for Camso to expand to other segments such as agriculture tyres. Both brands are highly complementary in their positioning and capabilities. It is expected that the transaction will be completed tentatively within 6-9 months, or such period as may be mutually agreed, subject to satisfaction of closing conditions. The proposed transaction is for a consideration of about $225 million, subject to customary adjustments and applicable taxes. 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. 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 counter hit all-time high at Rs 3,449.40 in intraday today.Powered by Capital Market - Live

Net profit of CEAT declined 41.40% to Rs 121.88 crore in the quarter ended September 2024 as against Rs 208.00 crore during the previous quarter ended September 2023. Sales rose 8.23% to Rs 3304.53 crore in the quarter ended September 2024 as against Rs 3053.32 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3304.533053.32 8 OPM %10.9614.94 - PBDT299.28394.87 -24 PBT162.17270.38 -40 NP121.88208.00 -41 Powered by Capital Market - Live

CEAT will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live