CEAT Q1: revenue up 22% YoY but margins shrink; Rs 1,205 cr capex announced
CEATLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.8 pts less than Nifty Smallcap 250 and 5.9 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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CEAT Q1 FY27 consolidated revenue up 22% YoY at Rs 4,318 cr, but consolidated PAT fell to Rs 4 cr from Rs 112 cr as West Asia crisis pushed up raw material costs. Standalone PAT was Rs 98 cr versus Rs 135 cr. EBITDA margin compressed to 8.56% consolidated (from 10.94%) and 9.13% standalone (from 11.11%). Board cleared Rs 1,205 cr capex for 53,000 tyres per day new capacity by end of FY31. Auditor B S R and Co LLP re-appointed for second five year term.
Mixed quarter - strong 22% revenue growth offset by sharp profit decline on raw material costs. Rs 1,205 cr capex signals growth but will lift debt.