The corporate posted a web revenue of Rs 35.96 crore within the corresponding interval of the final monetary yr.
Revenues from operations stood at Rs 2,886.37 crore within the interval underneath assessment, which is a rise of 18.7% in comparison with Rs 2,432.32 crore posted within the year-ago interval. Earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda) margin stood at 7.1%.
Anant Goenka, Managing Director, CEAT Restricted, stated, “The home market continues to witness an uptick in demand, which has led to robust progress within the OEM section. In the course of the quarter, we made worth changes within the 2-Wheeler section, which has positively impacted our margins.”
“Internationally, we’re starting to see some headwinds in developed markets. Going ahead, we count on the second half of this yr to be higher when it comes to income and margins due to bettering home demand and stabilising commodity costs”, Goenka added.
