Ceat net profit surges in FY24

Indian tyre maker Ceat Limited has published its audited results for the three months ending 31 March 2024, the final quarter of its financial year 2024. On a consolidated basis, the company achieved revenue of Rs 299.19 billion (£2.86 billion). EBITDA margin stood at 13.4 per cent, a contraction of 97 bps versus the third quarter. Net profit amounted to Rs 10.23 billion (£97.89 million).