CEAT Ltd's Q1FY26 Quarter Results
- 1d ago
Result Summary
- CEAT Ltd reported a 18.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 10.5%.
- Its expenses for the quarter were up by 20.6% QoQ and 12.4% YoY.
- The net profit increased 9.8% QoQ and decreased 27.2% YoY.
- The earnings per share (EPS) of CEAT Ltd stood at 27.8 during Q1FY26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3534.14 | 2994.92 | 3198.97 | 18.0% | 10.5% |
Total Expenses | 3375.10 | 2798.06 | 3003.56 | 20.6% | 12.4% |
Profit Before Tax | 155.75 | 138.69 | 202.87 | 12.3% | -23.2% |
Tax | 41.92 | 45.82 | 53.98 | -8.5% | -22.3% |
Profit After Tax | 112.30 | 102.27 | 154.18 | 9.8% | -27.2% |
Earnings Per Share | 27.80 | 26.80 | 38.10 | 3.7% | -27.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
CEAT Ltd is a prominent tire manufacturer in India, renowned for its extensive range of automotive tires. The company operates in the automotive industry, providing tires for a variety of vehicles, including two-wheelers, passenger cars, and commercial vehicles. As of the data available up to October 2023, CEAT has been actively engaged in expanding its production capabilities and enhancing its product offerings. While specific recent major developments are not detailed in the data provided, CEAT's consistent focus on innovation and quality has been a cornerstone of its market presence.
Revenue
During the first quarter of FY26, CEAT Ltd reported a total income of ₹3534.14 crores. This represents an 18.0% increase compared to the fourth quarter of FY25, where the total income was ₹2994.92 crores. Year-over-year growth was also observed, with a 10.5% increase from ₹3198.97 crores in the first quarter of FY25. This upward trend in revenue highlights the company's growth over both the quarterly and annual periods, indicating a strong performance in generating income.
Profitability
In terms of profitability, CEAT Ltd recorded a profit before tax of ₹155.75 crores in Q1FY26, up 12.3% from ₹138.69 crores in Q4FY25. However, this figure represents a year-over-year decline of 23.2% from ₹202.87 crores in Q1FY25. The tax expenses for Q1FY26 were ₹41.92 crores, showing a decrease of 8.5% from Q4FY25 and a 22.3% decline from Q1FY25. Consequently, the profit after tax in Q1FY26 was ₹112.30 crores, which is a 9.8% increase from the previous quarter but a 27.2% decrease compared to the same quarter last year. Earnings per share (EPS) for this quarter stood at ₹27.80, reflecting a modest 3.7% increase quarter-over-quarter, yet a 27.0% decline year-over-year.
Operating Metrics
The total expenses for CEAT Ltd in Q1FY26 amounted to ₹3375.10 crores, marking a 20.6% increase from Q4FY25 and a 12.4% rise from Q1FY25. This escalation in expenses outpaced the growth in total income, which is an important aspect of the company's operational efficiency. The financial data indicates an increase in both income and expenses on a quarterly and yearly basis, with expenses growing at a slightly higher rate than income. The analysis of these metrics provides insight into the operational challenges and efficiencies experienced by CEAT Ltd during this period.