CEAT deflates after poor Q4 results

CEAT lost 5.13% to Rs 387.65 at 15:11 IST on BSE, after consolidated net profit fell 3.9% to Rs 62.42 crore on 7.9% increase in total income to Rs 1457.58 crore in Q4 March 2014 over Q4 March 2013.

The company announced the results after trading hours on Tuesday, 29 April 2014.

Meanwhile, the BSE Sensex was down 96.76 points, or 0.43%, to 22,369.43

On BSE, so far 1.57 lakh shares were traded in the counter, compared with an average volume of 2.01 lakh shares in the past one quarter.

The stock hit a high of Rs 407 and a low of Rs 383.45 so far during the day. The stock hit a record high of Rs 456.30 on 25 March 2014. The stock hit a 52-week low of Rs 97.50 on 28 August 2013.

The stock had underperformed the market over the past one month till 29 April 2014, falling 7.02% compared with the Sensex's 0.56% rise. The scrip, however, outperformed the market in past one quarter, advancing 36.63% as against Sensex's 8.81% rise.

The small-cap company has an equity capital of Rs 35.96 crore. Face value per share is Rs 10.

CEAT's consolidated net profit jumped 125.7% to Rs 271.24 crore on 9.8% increase in total income to Rs 5567.97 crore in the year ended 31 March 2014 over the year ended 31 March 2013.

CEAT, the flagship company of RPG Enterprises, is one of lndia's leading tyre manufacturers and has strong presence in global markets, and produces over 700 tonnes of tyre per day.

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