Ceat reports net loss of Rs 35 crore in Q1
30th Jul 2020

Ceat has reported results for first quarter ended June 30, 2020.

The company has reported net loss of Rs 14.60 crore for the quarter under review as against net profit of Rs 86.99 crore for the same quarter in the previous year. Total income of the company decreased 36.91% at Rs 1084.16 crore for Q1FY21 as compared Rs 1718.43 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to owners at Rs 34.76 crore for the quarter under review as against net profit of Rs 82.60 crore for the same quarter in the previous year. Total income of the company decreased by 36.34% at Rs 1122.98 crore for Q1FY21 as compared Rs 1764.05 crore for the corresponding quarter previous year.