CEAT April-June Profit Falls; To Invest ₹4.5 Billion In Chennai Plant Expansion

CEAT Ltd.'s net profit for the April-June quarter fell 9.3% on year to ₹1.35 billion, even as revenue from operations rose 11.1% to ₹35.21 billion. Sequentially, profit grew 34.8% and revenue rose 3.1%. Other income for the quarter rose to ₹260.5 million from ₹60.4 million a year ago.

Total expenditure, including finance costs, was ₹33.63 billion, up from ₹29.8 billion a year earlier. Finance cost rose to ₹820.4 million from ₹612.9 million. The company also booked a one-time loss of ₹32.9 million during the quarter. Tax outgo declined to ₹451.6 million from ₹528.5 million.

The tyre maker said it will invest ₹4.50 billion to expand its Chennai plant, targeting a 35% increase in capacity for passenger car and utility vehicle tyres. The expansion is expected to be completed by the end of 2026-27 and will be funded through internal accruals and debt.

CEAT’s board also approved the reappointment of Arnab Banerjee as managing director and CEO for another two-year term, effective April 1, 2026, subject to shareholder approval.