Tyre manufacturer Ceat Ltd today reported 31.43 per cent decline in consolidated net profit to Rs 72.99 crore for the second quarter ended September 30.
Total income during the quarter under review was at Rs 1,529.48 crore. It was Rs 1,600.30 crore in the corresponding period last fiscal, it added.
The company and a subsidiary had introduced a voluntary retirement scheme for its employees and the compensation for employees who opted for its aggregated Rs 7.98 crore for the quarter ended September 30, 2017, it said.
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