This small-cap company shines on reporting over a 5-fold jump in Q4FY23!
As the season of financial results is on the company has reported results.
The fourth quarter and year ending March 31, 2023 results were declared by CEAT Ltd.
In comparison to the same quarter last year, the firm recorded a 420 per cent increase in net profit for the fourth quarter that ended March 31, 2023, coming in at Rs 132.42 crore from Rs 25.43 crore on a consolidated basis. In Q4FY23, the company's total revenue climbed by 10.86 per cent to Rs 2,877.21 crore from Rs 2,595.28 crore in the same period the previous year.
The firm recorded a 158 per cent increase in net profit for the year ended March 31, 2023, from Rs 70.58 crore to Rs 182.39 crore on a consolidated basis. In the year under review, the company's total revenue climbed by 20.88 per cent to Rs 11,331.82 crore from Rs 9,374.81 crore for the year ended March 31, 2022.
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Today the scrip opened at Rs 1698.90 and touched a high and low of Rs 1747.90 and Rs 1693.70 respectively. It closed at Rs 1716.90 up by 3.73 per cent, while 50,762 shares were traded over the counter.
The stock has a 52-week high and low of Rs 1981.45 and Rs 890, respectively and a face value of Rs 10. In the last 5 days, rising by 19.86 per cent.
CEAT Ltd is primarily engaged in the business of manufacturing and sales of Automotive Tyres, Tubes and Flaps.