CEAT records a consolidated loss of Rs. 35 cr in Q1FY21

CEAT Ltd. announced its quarterly results on July 29, 2020. Consolidated net revenue in Q1FY21 stood at Rs1,120.16cr, which declined by 36.07% yoy from Rs1,752.1cr in Q1FY20.

EBITDA stood at Rs102.01cr in Q1FY21 that decreased by 38.96% yoy. For Q1FY20, it had posted EBITDA of Rs167.13cr. EBITDA margin as of Q1FY21 was at 9.11% that declined by 43bps yoy against the same quarter, the previous year.

The consolidated net loss in Q1FY21 came in at Rs35.24cr that declined by 142.87% yoy, as compared to Q1FY20 when it had reported a profit of Rs82.2cr. The net profit margin in Q1FY21 came in at -3.15% that declined by 7.84% yoy. The net profit margin for Q1FY20 was at 4.69%. The profit attributable to equity shareholders in Q1FY21 is Rs-34.76cr as against Rs82.6cr in previous year for the same quarter.

The share closed at Rs867.45 with a decline of 1.11% in today’s session on BSE.

Avadoot Shah

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