CEAT Q3 Profit Rise Marginally at 52.5 Crore
Published On 23-Jan-2020 18:10:08
The Company had posted a profit of Rs 52.25 crore in the same period a year ago
Tyre major Ceat on Wednesday reported a marginal increase in consolidated net profit at Rs 52.5 crore for December quarter 2019-20. The Company had posted a profit of Rs 52.25 crore in the same period a year ago, Ceat said in a regulatory filing.
Revenue from operations during the quarter under review stood at Rs 1,761.77 crore as against Rs 1,729.75 crore in the year-ago period, it added.
"We continue to exercise dexterity in controlling our ongoing capex which has helped us to control our debt levels," he added.
The company said its board considered issuance of securities, including non-convertible debentures in one or more series/tranches, up to an amount of Rs 500 crore which has already been approved by shareholders in its last AGM in August 2019.