Ceat Q3 net dips 25% to Rs 83 cr

Tyre maker Ceat today reported a 25.30 per cent decline in its consolidated net profit at Rs 83.83 crore for the third quarter ended December 31, 2016.

The company had posted a net profit of Rs 112.23 crore for the same period of previous fiscal.

Its total income from operations, however, rose to Rs 1,557.21 crore from Rs 1,483.83 crore in the year-ago period, Ceat Ltd said in a BSE regulatory.

Shares of the company were trading 0.95 per cent down at Rs 1,165.50 apiece on BSE.