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05 Dec 2020, 02:03 HRS IST
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  • PTI
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  • Ceat Q2 net profit surges four-fold to Rs 182 cr

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15:18 HRS IST



New Delhi, Oct 27 (PTI)
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.

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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