Ceat Ltd second quarter net profit down 31 per cent at Rs 73 crore

Tyre manufacturer Ceat Ltd today reported 31.43 per cent decline in consolidated net profit to Rs 72.99 crore for the second quarter ended September 30.

Published: 14th November 2017 08:15 PM  |   Last Updated: 14th November 2017 08:15 PM   |  A+A-

Sensex | Reuters File Photo

For representational purposes (File | Reuters)

By PTI

NEW DELHI: Tyre manufacturer Ceat Ltd today reported 31.43 per cent decline in consolidated net profit to Rs 72.99 crore for the second quarter ended September 30.

The company had posted a consolidated net profit of Rs 106.45 crore in the same quarter previous fiscal, Ceat Ltd said in a BSE filing.

Total income during the quarter under review was at Rs 1,529.48 crore. It was Rs 1,600.30 crore in the corresponding period last fiscal, it added.

The company and a subsidiary had introduced a voluntary retirement scheme for its employees and the compensation for employees who opted for its aggregated Rs 7.98 crore for the quarter ended September 30, 2017, it said.

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