Social··Severity 6
CEAT shares crash 9% after Q1 net profit tumbles 96% YoY to Rs 4 crore. What lies ahead?
CEAT shares dropped over 9% on Friday after reporting a significant profit decrease. The tyre maker's net profit fell 96% year-on-year to Rs 4 crore. Higher raw material costs due to the West Asia crisis impacted profitability during the quarter. Revenue from operations grew 22% year-on-year to Rs 4,318 crore. The company announced a Rs 1,205 crore investment for manufacturing capacity expansion.
Scenario chain
Probabilities below are model estimates based on the event chain, horizon, and indicators. They are not outcome guarantees, investment advice, or emergency instructions.
A
25%Эскалация
Forecast derived from cascade analysis. Watch confirmation indicators below.
Primary source: Economic Times
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