CEAT Ltd, the RPG Group’s leading tire manufacturer, has announced its Q3 FY25 financial results, which include significant revenue growth despite margin pressures. The company reported consolidated revenue of ₹3,299.9 crore, up 11.4% year on year from ₹2,963.1 crore in Q3 FY24. Revenue declined by 0.1% from the previous quarter.
Replacement and international business segments showed strong performances, driving growth in revenue. The OEM segment was on the recovery path. A balanced market mix in CEAT led to stable demand across its diversified product range of truck and bus, two/three-wheelers, and passenger car tires.
While revenue is up, margins have not held. EBITDA margins compressed to 10.5% for the quarter, versus 11.1% in Q2 FY25 and 14.4% in Q3 FY24. The drop was attributed to higher raw material costs that are compressing gross margins.
The net debt of the company was brought down to ₹1,835 crore in the quarter under review, supported by effective working capital management. Additionally, the company invested ₹280 crore in capital expenditure funded through internal accruals, thus committing to growth in the long term.
Margins have been battered, but the company is upbeat about sustained demand across key markets and improving operational efficiencies to support long-term growth.
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Published on: January 15, 2025 at 9.00 PM GMT.
Palm Oil Imports May Decrease Further:
India’s palm oil imports may reduce that its imports will reach to a level five years back in January next year with a higher refining margin, soyoil prices increase. And so far in the first week of January, only 110,000 tons of palm oil have been imported.
As stated in Bhagavad Gita : (Bhagavad Gita 11.32)
कालोऽस्मि लोकक्षयकृत्प्रवृद्धो लोकान्समाहर्तुमिह प्रवृत्तः।
I am time, the great destroyer of the worlds, and I have come here to destroy all people.
17th January is celebrated as Kid Inventors’ Day!
