CEAT Limited, an RPG Enterprises company, reported a 25% fall in its net profit for the December quarter to ₹84 crore as total income increased 5% to ₹1,557 crore.
On a standalone basis, India operations reported a revenue growth of 4.6% at ₹1,371 crore, EBITDA of ₹151 crore and PAT of ₹94 crore.
“In the quarter gone by, we have withstood the impact of demonetisation with marginal effect on our volume growth,” said CEAT managing director Anant Goenka. “Margins though, saw a dip on account of the demonetisation linked demand drop in the passenger and two-wheeler segments,” he said.
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