CEAT TYRES

CEAT is one of India’s leading tyre brands and the flagship company of the RPG GROUP operating with the motive of helping the world move safely and smartly by introducing world-class products and services across 100+ countries. CEAT is the first tyre company in India to get the ISO/TS 16949:2002 certification, which is a combination of ISO 9000 and QS 9000. CEAT manufactures tyres for various types of vehicles like heavy commercial vehicles, light commercial vehicle, off-highway tyres, passenger cars, tractors, motorcycles and scooters, cycles and SUVs. It is also the second largest tyre company with an annual turnover of more than 3500 Cr. having 100% certified vendors, high TTM EPS growth and zero promoter pledge.

 CSR of CEAT comprises 20+ actionable programmes based on the 3 key pillars of Education, Employability and Heritage, and are creating an immense impact on the communities. Some of their CSR initiatives are Pehlay Akshar: ‘A to Z’ functional English training for children and teachers, Swayam Drive: Empowering underprivileged women to become professional drivers, Revival of Banganga: Restoration and revival of key heritage sites in and around Mumbai & Netranajli: Preventing blindness by providing quality eye care to underprivileged communities.

The Board of Directors has recommended a final dividend of Rs. 18.00 per equity share for the year ended March 2021. Meanwhile, as per Q4 results, CEAT got a 15.71% sequential growth in the consolidated profit and stood at Rs 153.02 crore for the quarter ending March 2021, against the previous quarter at Rs 132.24 crore. Revenue grew by 3.08% to Rs 2,289.72 crore in this quarter as against Rs 2,221.25 crore in the December quarter. PBT fell by 35.95% QoQ & stood at Rs 129.36 crore. Gross profit margin grew by 3.04% QoQ.

The Q4 results of CEAT Tyres were jarring in a way.