Q2 results, new independent director, amended related party policy

Revenue growth above 20%EBITDA margin compressionExceptional itemRelated-party transactionsResults View source PDF Explain this filing

CEATLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-4.6%Reaction day

₹3359.00

prior close

₹3277.10

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.2%-3.4% vs market

Tyres & Rubber Products peers, median of 15sector-0.1%-4.5% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Smallcap 250 and 4.5 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.9

10m

+0.2

15m

+0.1

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.6-1.2-3.4-0.1-4.5

Next day

-2.1-1.1-1.1+0.1-2.2

-2.1-2.2+0.2-0.0-2.0

-4.8-4.4-0.3-1.8-3.0

-4.2-5.5+1.3-3.1-1.1

-8.5-8.1-0.3-4.3-4.1

-6.6-5.0-1.5-3.6-3.0

15d

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UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CEAT's board approved Q2 FY26 standalone revenue of Rs 4,548 cr (up 22.9% YoY) but PAT fell to Rs 164 cr from Rs 202 cr. Consolidated PAT dipped to Rs 112 cr from Rs 186 cr. Operating margin shrank sharply from 13.7% to 10.1% as costs rose faster. Exceptional Rs 13 cr VRS charge hit profits. Mr. Sumeet Narang, founder of Samara Capital, was appointed independent director for 5 years. Board also amended the related party transactions policy.

Likely market impact

Revenue grew over 20% but margins compressed and PAT declined due to VRS costs. New director and updated RPT policy are governance updates.