Its consolidated income from operations stood at Rs 3,299.9 crore in opposition to Rs 2,963.14 crore within the year-ago interval, it added.
The full bills have been increased at Rs 3,175.58 crore in comparison with Rs 2,738.53 crore a yr in the past. The price of supplies consumed was Rs 2,116.52 crore, up from Rs 1,694.91 crore within the third quarter of the final fiscal, the corporate stated.
“Whereas the rising uncooked materials prices have impacted our margins, we progressively handed on a part of the rise by value improve in choose classes throughout the quarter,” CEAT Ltd MD & CEO Arnab Banerjee stated.
He stated the robust year-on-year double-digit income progress was pushed by the alternative phase.
On the outlook, he stated, “The demand continues to stay secure, and our order guide pipeline is powerful throughout all segments. Uncooked materials costs look flattish in This fall and we anticipate progress momentum to proceed”.
