CEAT registers 29.8% topline growth over Q3 LY

Jan. 22, 2010 - PRLog -- Mumbai, Friday Jan 22, 2010: RPG Group’s flagship company CEAT Ltd., a leading tyre manufacturer, continues its strong performance in its net sales over the same period last year. CEAT reported a net profit of Rs 24.02 crore for the third quarter in the current financial year. PBT for third quarter this year stood at Rs 33.1 crore compared to a loss of Rs 21.8 crore during the third quarter last year. Announcing the results, Mr. Paras K. Chowdhary, MD, CEAT Ltd. said, “Despite a steep hike in raw material prices, we have managed good numbers because of improved sales mix and operational efficiency. We are hopeful of posting our best ever results in the current year.”

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CEAT is one of India’s leading tyre manufacturers and has a strong presence in both domestic & international markets. The company manufactures over 10 million tyres every year and enjoys a major market share in the light truck & truck tyre market.