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Ceat posts Rs 41 cr net profit in Q4

Tyre maker Ceat reported a standalone net profit of Rs 41.47 crore during the fourth quarter.

Published: May 8, 2012 7:58 pm

Tyre maker Ceat today reported a standalone net profit of Rs 41.47 crore during the fourth quarter ended March 31.

The company had posted a net loss of Rs 11.84 crore in the corresponding period last year.

The standalone total income from operations during the fourth quarter of last fiscal increased by 22.51 per cent to Rs 1,222.21 crore from Rs 997.65 crore in the year-ago period,Ceat said in a filing to the BSE.

The company’s board of directors recommended a dividend of Re 1 per equity share of face value of Rs 10 each.

For the entire 2011-12 financial year,Ceat saw its consolidated net profit falling 31.52 per cent to Rs 18.12 crore from Rs 26.46 crore in the previous fiscal,the filing said.

The consolidated total income from operations in 2011-12 went up by 28.03 per cent to Rs 4,648.99 crore from Rs 3,631.12 crore in FY’11,it added.

Reacting to the numbers,the shares of Ceat were 1.68 per cent up at Rs 105.80 apiece on the BSE.

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