ceat ltd (CEAT) Snapshot

CEAT Limited reported audited standalone and consolidated earnings results for the fourth and full year ended March 31, 2013. For the quarter, on standalone basis, the company’s net sales /revenues from operations were INR 12,979.9 million against INR 12,144.1 million a year ago. Profit from operations before Other Income, finance cost & exceptional Items was INR 1,197.8 million against INR 1,079.8 million a year ago. Profit before tax was INR 784.5 million against INR 598.6 million a year ago. Net profit for the period was INR 609.0 million or INR 17.43 diluted per share against INR 413.9 million or INR 12.11 diluted per share a year ago. For the full year, on standalone basis, the company’s net sales /revenues from operations were INR 48,367.2 million against INR 44,353.5 million a year ago. Profit from operations before Other Income, finance cost & exceptional Items was INR 3,463.4 million against INR 1,763.2 million a year ago. Profit before tax was INR 1,457.3 million against INR 97.1 million a year ago. Net profit for the period was INR 1,063.5 million or INR 30.44 diluted per share against INR 75.3 million or INR 2.20 diluted per share a year ago. For the quarter, on consolidated basis, the company’s net sales /revenues from operations were INR 13,334.2 million against INR 12,732.5 million a year ago. Profit from operations before Other Income, finance cost & exceptional Items was INR 1,244.0 million against INR 1,235.1 million a year ago. Profit from before tax was INR 842.8 million against INR 680.5 million a year ago. Net profit from ordinary activates after tax was INR 649.0 million or INR 15.58 diluted per share against INR 488.6 million or INR 14.26 diluted per share a year ago. For the full year, on consolidated basis, the company’s net sales /revenues from operations were INR 50,090.0 million against INR 46,136.7 million a year ago. Profit from operations before Other Income, finance cost & exceptional Items was INR 3,740.9 million against INR 2,008.9 million a year ago. Profit before tax was INR 1,665.0 million against INR 242.1 million a year ago. Net profit from ordinary activates after tax was INR 1,201.9 million or INR 34.40 diluted per share against INR 181.9 million or INR 5.31 diluted per share a year ago.

Ceat Ltd. has informed that the board of directors of the company at its meeting held on May 07, 2013, has recommended a Dividend of 40% that is INR 4 per share of face value of INR 10 each on the equity shares of the company for the financial year ended March 31, 2013.

CEAT Limited annunce that the Board of Directors of the company at its meeting held on May 07, 2013, approved the appointment of Mr. Arnab Banerjee as the Additional Director on the Board of Directors of the company. Further, the Board has also approved the appointment of Mr. Arnab Banerjee as the Whole-time Director (designated as the Executive-Director-Operations) of the company.