Ceat Q1 profit plunges 96% on forex losses, higher raw material costs
2 sources·Updated July 17, 2026
Covered by 2 sources
- Economic Times·6d agoCEAT shares crash 9% after Q1 net profit tumbles 96% YoY to Rs 4 crore. What lies ahead?
CEAT shares dropped over 9% on Friday after reporting a significant profit decrease. The tyre maker's net profit fell 96% year-on-year to Rs 4 crore. Higher raw material costs due to the West Asia crisis impacted profitability during the quarter. Revenue from operations grew 22%…
Read at Economic Times → - Business Standard·Jul 16Ceat Q1 profit plunges 96% on forex losses, higher raw material costs
RPG Group-owned tyre maker reports a sharp fall in Q1 profit due to forex losses and rising input costs, though revenue rose 22.4 per cent on healthy demand across segments
Read at Business Standard →