CEAT Limited has informed the Exchange about General Updates
CEATLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CEAT Limited has submitted the Notice of its 66th Annual General Meeting along with the Integrated Annual Report for FY 2024-25, including the Business Responsibility & Sustainability Report, to the stock exchanges. The company, which is celebrating its 100th year, reported consolidated revenue of Rs. 13,172 crores with a profit after tax of Rs. 482 crores for FY25, compared to a much lower Rs. 71 crores in FY24. EBITDA stood at around Rs. 1,019 crores, and the company raised its dividend per share sharply to Rs. 18 from just Rs. 3 in the previous year. The report highlights a definitive agreement to acquire Michelin's Camso Off-Highway Tyres business and the recognition of the Chennai plant by the World Economic Forum's Global Lighthouse Network. The documents are being sent electronically to all members and made available on the company's website.
This is a routine AGM and annual report submission, but the strong jump in profits, sharply higher dividend, and the Camso acquisition point to positive momentum that should be supportive of shareholder sentiment and long-term growth.