Friday, October 16, 2020

CEAT

 CEAT: PAT could rise by 132% YoY


CEAT reporting more than 100% YoY rise in the net profit to Rs 103.4 crore for the quarter ended September. The brokerage firm sees a very strong recovery in the aftermarket, coupled with OEM recovery are some of the factors that will drive 2QFY21 performance.

The ramp-up at the new TBR/PCR plant to support demand recovery. Impact of natural rubber inflation to reflect in 3QFY21, said the note.

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