Ceat Results Earnings Call for Q2FY24
Conference Call with Ceat Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.17-10-2023
17-10-2023
CEAT LTD. - 500878 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement pertaining to Unaudited Financial Results of Q2 FY 2023-2417-10-2023
Q2FY24 Quarterly Result Announced for Ceat Ltd.
Auto Tyre and Rubber Products company Ceat announced Q2FY24 results: 1. Financial Performance: - CEAT's consolidated revenue for Q2FY24 reached Rs 3,053 crore, showing a growth of 4.0% QoQ and 5.5% YoY. - The company achieved an EBITDA margin of 15.1%, a 202 bps expansion compared to Q1FY24. - Net profit stood at Rs 208 crore for the quarter. 2. Business Outlook: - CEAT is experiencing stable demand and witnessing mid-single-digit growth in all three segments - replacement, OEMs, and international business. - The company's focus on product mix and judicious pricing has helped improve margins during the quarter. - CEAT's consistent efforts in improving cost efficiencies and mix are yielding benefits, leading to improved margins for the fifth consecutive quarter. 3. Deming Grand Prize: - CEAT was awarded the prestigious Deming Grand Prize by the Japan Union of Scientists and Engineers (JUSE) during the quarter. - This recognition highlights CEAT's consistency and continuously improving customer experiences globally. - CEAT is the only tyre company in the world to have received this recognition in the history of the award. Commenting on the results as well as the outlook of the business, Arnab Banerjee, MD & CEO, CEAT said, “The demand continues to be stable, and we are witnessing mid-single-digit growth in our topline across all three segments – replacement, OEMs, and international business. Our focus on product mix and judicious pricing helped improve margins during the quarter. During the quarter, we were delighted to achieve an important global recognition in the form of the Deming Grand Prize awarded by the Japan Union of Scientists and Engineers (JUSE). This points towards consistency and continuously improving experiences by our customers, across the globe. We are the only tyre company in the world to have received this recognition, in the history of this award.” Kumar Subbiah, CFO of CEAT, said, “For the fifth quarter in succession, we have improved our margins quarter-on-quarter. Our consistent efforts in improving cost efficiencies and mix are yielding benefits. EBITDA Margin has crossed Rs 400 crore for the first time in a quarter leading to healthy improvement in our net profits. We have also managed to bring our standalone debt down by ~Rs 103 crore through efficient management of cash flows and improved operating performance.” Result PDF17-10-2023
CEAT LTD. - 500878 - Related Party Transactions For Half Year Ended September 30, 2023
CEAT has informed about Related Party Transactions for Half year ended September 30, 202316-10-2023
CEAT LTD. - 500878 - Announcement under Regulation 30 (LODR)-Investor Presentation
Company has informed about Investor presentation16-10-2023
CEAT LTD. - 500878 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
CEAT Limited has informed the Exchange regarding a press release dated October 16, 2023, titled " Q2 FY23-24 Consolidated Revenue Rs. 3,053 crore Growth of 4.0% Q-o-Q; 5.5% Y-o-Y Consolidated EBITDA Rs. 462 crore, operating margin 15.1%"16-10-2023
CEAT LTD. - 500878 - Announcement under Regulation 30 (LODR)-Meeting Updates
Updates of the Board Meeting dated October 16, 202316-10-2023
CEAT LTD. - 500878 - Board Meeting Outcome for Outcome Of Board Meeting Held On October 16, 2023
CEAT Limited has informed the Exchange about the Outcome of Board Meeting held on October 16, 2023. The Board Meeting commenced at 3.00 p.m. and concluded at 6:15 p.m.16-10-2023
CEAT LTD. - 500878 - Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2023
CEAT Limited has informed the Exchanges regarding Financial Results for Quarter and Half year ended September 30, 2023.16-10-2023
CEAT LTD. - 500878 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Submission of information regarding issue of letter of confirmation in lieu of Duplicate Share Certificate(s).11-10-2023