Consolidated revenue grew 22% year-over-year to Rs. 4,318 crore, but net profit dropped sharply due to raw material cost inflation from the West Asia crisis. The Board approved a Rs. 1,205 crore capacity expansion, and margins are expected to remain under pressure in Q2.Original document: CEAT Limi…
Consolidated revenue grew 22% year-over-year to Rs. 4,318 crore, but net profit dropped sharply due to raw material cost inflation from the West Asia crisis. The Board approved a Rs. 1,205 crore capacity expansion, and margins are expected to remain under pressure in Q2.
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