Tyre stocks outlook: After a weak performance in FY25 - largely due to a sharp rise in input costs; analysts expect margins to gradually revive, aided by softening costs and focus on premiumization.
CEAT will raise Rs 500 crore through NCDs for capex and debt repayment and invest Rs 400 crore in its Sri Lankan unit to fund the Camso brand acquisition
BPCL, HPCL, IOC, Asian Paints, and other downstream oil companies' stock surged, while ONGC, Oil India dropped after Brent crude oil slipped 5 per cent
BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent
Technical charts indicate that shares of these 3 tyre-manufacturers can potentially rally up to another 19% from present levels; check details here
Ceat hit a record high of ₹3,624.05, rallied 5.5% on the BSE in Tuesday's intra-day trade on expectation of margin improvement in the upcoming quarters, due to lower crude prices recently.
Ceat's gross Margins for the March 2025 quarter improved by 65 bps to 37.5 per cent largely driven by favourable revenue mix and as a result of strong cost controls across the value chain.
The net profit for the company was impacted due to lower operating margins and an increase in raw material cost
Tyre maker Ceat on Tuesday said its consolidated net profit declined by 3 per cent to Rs 99 crore for the fourth quarter ended March 31, 2025. The company had reported a net profit of Rs 102 crore in the January-March quarter of 2023-24. Its revenue from operations rose to Rs 3,421 crore in the fourth quarter compared to Rs 2,992 crore in the year-ago period, Ceat Ltd said in a regulatory filing. For the year ended March 2025, the company said its net profit declined 26 per cent to Rs 471 crore against Rs 635 crore. The revenue from operations rose to Rs 13,218 crore from Rs 11,943 crore in FY24. "Our operating margins improved in Q4 by over 120bps, largely driven by favourable revenue mix and result of strong cost controls across the value chain," Ceat CFO Kumar Subbiah said. The company incurred capex of Rs 946 crore during the year largely for capacity additions that would prepare it well to deliver growth plans in FY26, he added. "During the quarter, we incurred Rs 37 crore
Currently, commercial vehicle tyres and passenger vehicle tyres are split 50:50 in Ceat's sales. PCR sales account for around 20 per cent of passenger vehicle tyres
Company's expansion move is linked to its decision to acquire Camso, a global leader in OHT solutions
At the Chennai unit, the deployment of advanced analytics and real-time monitoring systems has resulted in a reduction of cycle times by 18% and operational costs by 31%
CEAT's consolidated net profit (Bottomline) plunged 46.5 per cent year-on-year (Y-o-Y) to Rs 97.1 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 181.5 crore in Q3FY24