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Values in Rs. in  Crores

Ceat , Sep 23 Year on Year Revenue Surge by 5.5% to Rs..3053 Crore and Year on Year Profit balloons by 284.5% to Rs..202 Crore. Quarter to Quarter Revenue Surge by 4.0% and Q to Q Profit zooms by 40.3%

00:00 / 03:23
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Revenue Analysis:

Ceat , has reported a revenue of Rs. 3053 Crore, which has soars by 4.0% as compared to previous quarter revenue of Rs. 2935 Crore. As compared to revenue of September-22, there is a grown by 5.5% from Rs. 2894 Crore. to Rs. 3053 Crore.


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has skies by 284.5% to Rs.202 Crore from Rs. 53 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has flies by 40.3% to Rs.202 Crore from Rs. 144 Crore. Net Profit % of the Company has remained at 6.6% compared to 4.9% in previous quarter and 1.8% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has soars to 14.9% from 13.2% as compared with June, 2023 quarter. The reason for the crosses of EBITDA Margin is due to,

a) Cost of Sales has dwindle to 56.7% (Previous Quarter: 58.9%). Cost of Sales in absolute terms has nearly stays similar from Rs. 1730 Crore to 1730 Crore.

b) Employee Cost has soars to 7.1% (Previous Quarter: 6.7%). Employee Cost in exact value has crosses from Rs. 196 Crore to 218 Crore.

c) Other Expenses has nearly maintains to 21.3% (Previous Quarter: 21.2%). Other Expenses zooms from Rs. 623 Crore to 650 Crore.

The finance cost has soars from Rs. 70.13 Crore to 71.72 Crore by 2.3%.


Key Matrix:

Price to Earning (PE) ratio of the company is 26.49 as compared to the Industry PE of 46.7. Low PE signifies that there can be scope of increase in share prices in future.


Share Price Movement:

The Return on Share Prices were -1.9% in past one month, -11.6% in 3 months, 49.5% in 6 months, 40.8% in 12 months, 54.7% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has soars by 4.0%. Gross Margin has zooms from 41.1% to 43.3%. EBITDA Margin has soars to 14.9% from 13.2%. and Net Profit After Tax Margin has flies to 6.6% from 4.9%.


The Brief of Quarterly Results is as follows:

Ceat Ltd.,

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
3053
2935
2875
2727
Cost of Goods Sold
1730
1730
1722
1785
Employee Cost
218
196
214
182
Other Expenses
650
623
571
523
EBITDA
456
387
368
238
Depreciation
124
121
125
117
Interest Expense
72
70
67
66
Other Income
10
3
2
2
Profit B4 Excep. Items
270
199
178
56
Exception Items
0
2
1
7
Net Profit Before Tax
270
197
177
50
Taxes
68
53
45
15
Net Profit After Tax
202
144
132
35
Gross Margin %
43.35
41.07
40.1
34.54
Employee Cost %
7.13
6.66
7.44
6.67
Other Expense Cost %
21.28
21.22
19.87
19.16
EBITDA %
14.94
13.19
12.79
8.71
Net Profit After Tax %
6.62
4.91
4.61
1.28

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00:00 / 03:44

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00:00 / 03:57

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00:00 / 04:24

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00:00 / 04:07

Maruti Suzuki Sep 23 Revenue as compared to Sep,22 Jumps by 23.8% to Rs.37073 Crore and Year on Year Profit flies by 78.2% to Rs.3764 Crore. Quarter to Quarter Revenue Surge by 14.6% and Q to Q Profit increases sharply by 49.1%

00:00 / 04:10
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