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Higher wages, ad cost pull Ceat net down 21%

Last Updated: Tuesday, July 22, 2014, 20:46

Tyre maker Ceat Tuesday reported 21 percent decline in consolidated net profit at Rs 51.66 crore for the April-June quarter because of increase in wages and higher advertisement cost.

Ceat Q4 net profit soars 33%; up over 6-fold in FY'13

Last Updated: Tuesday, May 07, 2013, 18:15

Tyre maker Ceat Tuesday reported 32.83 percent increase in consolidated net profit at Rs 64.90 crore for the fourth quarter ended March 31, 2013.

Ceat forms JV with Bangladesh co; to invest $67 million

Last Updated: Friday, January 25, 2013, 20:53

The facility, which will come up at the investment of USD 67 million, is expected to be functional by December 2014, Ceat said in a statement.

Ceat appoints Anant Goenka as Managing Director for 5 years

Last Updated: Monday, March 12, 2012, 17:33

Goenka, currently is the Deputy Managing Director of the company, Ceat said in a statement.

Ceat Q3 net profit down 52% due to labour unrest

Last Updated: Tuesday, January 24, 2012, 18:28

Tyre maker Ceat on Tuesday reported 52.30 percent decline in net profit for the quarter ended December 31, at Rs 2.39 crore due to labour unrest at its Nashik facility.

Ceat Q2 net profit dips 63% on high interest cost,depreciation

Last Updated: Thursday, November 10, 2011, 19:15

Tyre maker Ceat on Thursday reported 63.26 percent decline in net profit at Rs 5.61 crore for the quarter ended September 30, due to higher interest and depreciation cost.

Production hit at Ceat Nashik unit as workers's stir continues

Last Updated: Monday, October 03, 2011, 21:41

Production at Ceat's Nashik plant was hit by workers' strike which entered the fourth day on Monday.

Ceat hopes strike at Nashik plant will end soon

Last Updated: Sunday, October 02, 2011, 17:51

Even as the strike at the Nasik plant of Ceat Tyres entered its third day on Sunday, the company has expressed hope that it will be able to resolve the crisis soon.