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CEAT Q4 profit up 16pc at Rs 77 cr

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Press Trust of India New Delhi
Tyre maker CEAT today posted 16 per cent jump in consolidated net profit at Rs 76.81 crore for the quarter ended March 31, 2018.
The company's net profit in the January-March quarter 2016-17 stood at Rs 65.87 crore, a CEAT statement said.
Total income rose to Rs 1,680.80 crore from Rs 1,644.89 crore a year ago, it said.
Meanwhile, the company's board today recommended a dividend of Rs 11.50 per equity share(115 per cent per equity share of Rs 10 each fully paid up) for 2017-18, which will be paid to the shareholders within 30 days of declaration of the same at the ensuing AGM.
However, the company's net profit for 2017-18 came down to Rs 233.29 crore from Rs 359.23 crore in the pervious year.
Total income of the company also came down to Rs 6,429.14 crore from Rs 6,459.93 crore.
Shares of CEAT closed at Rs 1,591.9 per scrip, up 2 per cent on BSE.

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First Published: Apr 30 2018 | 5:50 PM IST

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