CEAT advanced 4.83% to Rs 816.50 at 10:39 IST on BSE after consolidated net profit rose 134.2% to Rs 121.01 crore on 0.6% growth in total income to Rs 1474.74 crore in Q1 June 2015 over Q1 June 2014.
The result was announced after market hours yesterday, 22 July 2015.
Meanwhile, the BSE Sensex was up 7.83 points, or 0.03%, to 28,512.76
On BSE, so far 1.61 lakh shares were traded in the counter, compared with an average volume of 88,914 shares in the past one quarter.
The stock hit a high of Rs 839.80 and a low of Rs 808 so far during the day. The stock hit a record high of Rs 1,009 on 12 November 2014. The stock hit a 52-week low of Rs 486.50 on 14 August 2014.
The mid-cap company has an equity capital of Rs 40.45 crore. Face value per share is Rs 10.
On consolidated basis, CEAT's EBITDA margin rose to 15.4% in Q1 June 2015 from 9.3% in Q1 June 2014.
CEAT Managing Director, Anant Goenka, said that the company's sales growth was flat in Q1 June 2015, however margins improved largely due to lower raw material cost coupled with improving product mix. Leverage ratios have improved further in Q1 June 2015, Anant Goenka said. Debt to equity has come down to 0.4 in Q1 June 2015 from 1 in Q1 June 2014. Debt to EBITDA has improved to 0.8 in Q1 June 2015 from 2.1 in Q1 June 2014, he added.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tyre manufacturers and has strong presence in global markets and has a capacity of over 800 tonne per day.
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