Its consolidated income from operations stood at Rs 3,299.9 crore towards Rs 2,963.14 crore within the year-ago interval, it added.
The overall bills have been larger at Rs 3,175.58 crore in comparison with Rs 2,738.53 crore a yr in the past. The price of supplies consumed was Rs 2,116.52 crore, up from Rs 1,694.91 crore within the third quarter of the final fiscal, the corporate mentioned.
“Whereas the rising uncooked materials prices have impacted our margins, we progressively handed on a part of the rise by way of value enhance in choose classes throughout the quarter,” CEAT Ltd MD & CEO Arnab Banerjee mentioned.
He mentioned the sturdy year-on-year double-digit income development was pushed by the substitute phase.
On the outlook, he mentioned, “The demand continues to stay steady, and our order guide pipeline is powerful throughout all segments. Uncooked materials costs look flattish in This fall and we count on development momentum to proceed”.
