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Ceat Ltd Q2 net profit down 31% at Rs 73 cr

Press Trust of India  |  New Delhi 

Tyre manufacturer Ltd today reported 31.43 per cent decline in consolidated net profit to Rs 72.99 crore for the second quarter ended September 30.

The company had posted a consolidated net profit of Rs 106.45 crore in the same quarter previous fiscal, Ltd said in a filing.

Total 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 14 2017. 19:23 IST