Business

Ceat Q2 net profit surges four-fold to Rs 182 cr

Tyre maker Ceat on Tuesday reported over four-fold increase in its consolidated net profit to Rs 182.18 crore for the second quarter ended September 30. The company had posted a net profit of Rs 43.64 crore in the July-September period previous fiscal.

migrator

New Delhi

The tyre maker's revenue from operations during the second quarter stood at Rs 1,978.47 crore as compared to Rs 1,691.55 crore in the year-ago period. Ceat said it has commissioned the second phase of its Nagpur-based manufacturing facility with effect from August 24.

"The plant would be ramped up over a period of time, based on market demand and overall capacities," it added.

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