CEAT LTD. - 500878 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Please find enclosed herewith intimation of the loss of share certificate(s) as received by us from TSR Consultants Private Limited, our Registrar and Transfer Agents, being submitted to you pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CEAT LTD. - 500878 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Please find enclosed herewith intimation of the loss of share certificate(s) as received by us from TSR Consultants Private Limited, our Registrar and Transfer Agents, being submitted to you pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CEAT LTD. - 500878 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the details of the Analyst/ Institutional Investors meet which will be participated by the Company along with the presentation to be made at the same. CEAT LTD. - 500878 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In continuation of our letters dated January 11, 2023, January 25, 2023 and January 26, 2023, we would like to inform that transcript of the Results Earnings Call held on Wednesday, January 25, 2023 at 7:30 p.m. IST for the Unaudited Financial Results of the Company for the quarter ended and nine months ended December 31, 2022 has been made available on the Company's website at https://www.ceat.com/investors/financial-performance.html
Accumulate CEAT; target of Rs 1825: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on CEAT with a target price of Rs 1825 in its research report dated January 27, 2023. CEAT LTD. - 500878 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Please find enclosed herewith intimation of the loss of share certificate(s) as received by us from TSR Consultants Private Limited, our Registrar and Transfer Agents, being submitted to you pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Q3FY23 Quarterly Result Announced for Ceat Ltd.
Auto tyres & rubber product firm Ceat announced Q3FY23 results: Consolidated Q3FY23: The company’s revenue closed at Rs 2,727 crore. EBITDA margin stood at 13%, an expansion of 144 bps vs Q2FY23. Net profit stood at Rs 35 crore. Standalone Q3FY23: The company’s revenue stood at Rs 2,711 crore. EBITDA margin stood at 8.7%, an expansion of 160 bps vs Q2FY23. Net profit stood at Rs 42 crore. Commenting on the results as well as the outlook of the business, Anant Goenka, Managing Director, CEAT Limited, said, “Our margins continue to improve as a result of the cooling commodity prices. Growth is led by domestic demand as we remain cautious about international markets that are getting impacted by recessionary trends. Going forward, our outlook for Q4 is positive. We have the capacities available to cater to a growing market demand. Our factory at Halol has recently been certified as a Lighthouse Factory by the World Economic Forum at Davos for application of Industry 4.0 technologies. This is a testament to our digital capabilities in driving manufacturing & supply chain efficiencies, better product quality and customer service.” Kumar Subbiah, CFO of CEAT Limited, said, “Our standalone EBITDA margins improved during the quarter by 160 bps over the previous quarter largely due to lower input costs and tight control over operating expenses. We brought down our overall inventories by Rs 280 crore, which helped in bringing efficiencies in operating cashflows and minimising our borrowings. We intend to maintain our capex for the year at around Rs 900 crore in line with our annual plan. With the correction in commodity costs, the margin outlook is positive for the next quarter.” Result PDF CEAT LTD. - 500878 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In continuation of our letters dated January 11, 2023 and January 25, 2023, we would like to inform that audio recording of the Results Earnings Call held on Wednesday, January 25, 2023 at 7:30 p.m. IST for the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2022 has been made available on the Company's website at https://www.ceat.com/investors/financial-performance.html
Ceat reports Rs 35 crore net profit in Q3, total income increases
Tyre maker Ceat on Wednesday posted a consolidated net profit of Rs 35 crore for the third quarter ended December 2022. The company had reported a net loss of Rs 20 crore in the October-December quarter of the previous fiscal. Total income increased to Rs 2,729 crore in the third quarter from Rs 2,416 crore in the year-ago period, Ceat said in a regulatory filing. "Our margins continue to improve as a result of the cooling commodity prices. Growth is led by domestic demand as we remain cautious about international markets that are getting impacted by recessionary trends," Ceat Managing Director Anant Goenka said. The company's outlook for the ongoing quarter is positive, he added. "We have the capacities available to cater to a growing market demand," Goenka said. Ceat CFO Kumar Subbiah said the company brought down its overall inventories by Rs 280 crore, which helped in bringing efficiencies in operating cash flows and minimising borrowings. "We intend to maintain our capex fo 