CEAT Q1 Results Live : CEAT, the leading tyre manufacturer, announced their Q1 results on 18 Jul, 2024. The company reported a strong performance with a topline growth of 8.78% and a profit increase of 6.6% YoY.
Compared to the previous quarter, CEAT witnessed a revenue growth of 6.72% and a significant profit increase of 42%.
The Selling, general & administrative expenses showed a decline of 9.14% q-o-q but saw a slight increase of 0.05% Y-o-Y.
Operating income for the quarter was up by 31.07% q-o-q, however, it decreased by 2.86% Y-o-Y.
The company reported an EPS of ₹36.74 for Q1, marking a 2.78% increase Y-o-Y.
In terms of market performance, CEAT delivered returns of 4.71% in the last week, 10.43% in the last 6 months, and 14.73% YTD.
Currently, CEAT has a market capitalization of ₹11262.92 Cr with a 52-week high/low of ₹2998.45 & ₹2056.35 respectively.
Analysts covering the company have varying opinions, with 10 analysts giving a Strong Buy rating, 2 analysts each giving Strong Sell, Sell, and Hold ratings, and 2 analysts giving a Buy rating.
The consensus recommendation as of 19 Jul, 2024, was to Buy CEAT shares.