Ceat Q1Net Plunges 99%

The Economic Times - - Companies: Pursuit Of Profit -

Tyre maker Ceat on Thurs­day re­ported a 98.6% de­cline in its con­sol­i­dated net profit at .₹ 1.38 crore for the June quar­ter due to de­stock­ing by trade part­ners ahead of the GST roll­out and higher ex­penses. The com­pany had posted a net profit of .₹ 103.26 crore dur­ing the cor­re­spond­ing pe­riod of the pre­vi­ous fis­cal,


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