HomeNewsBusinessEarningsHigh input costs, interest drag Ceat Q2 net down 63% YoY

High input costs, interest drag Ceat Q2 net down 63% YoY

Tyre manufacturer Ceat’s second quarter net profit plunged 63% year-on-year to Rs 516 crore. Ceat said exports surged 90% during the quarter, and the full impact of the price hike taken in the first quarter was also realized in July-September. However, the gains were offset by a sharp rise in raw material costs and higher interest.

November 10, 2011 / 17:20 IST

26 Aug, 2025 12:21

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Moneycontrol Bureau

Tyre manufacturer Ceat

first published: Nov 10, 2011 04:57 pm

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