CEAT clocks Rs. 24 crore net profit during Q3 2009-10

RPG Group's flagship company CEAT Ltd., reported a net profit of Rs 24 crore in the third quarter ending 30th December, 2009,  vis-à-vis a net loss of Rs.22 crore in the corresponding period last year. The tyrenaker's net sales shot up by 27 per cent to Rs. 740 crore during Q3 FY 2009-10. 

Announcing the results, Paras K. Chowdhary, MD, CEAT Ltd. said, "Despite a steep hike in raw material prices, we have managed good numbers because of improved sales mix and operational efficiency. We are hopeful of posting our best ever results in the current year." 

CEAT Tyres, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India's leading tyre manufacturers and has a strong presence in both domestic & international markets. The company manufactures over 10 million tyres every year and enjoys a major market share in the light truck & truck tyre market.  CEAT tyres, tubes and flaps are renowned for their superior quality and durability.  CEAT offers the widest range of tyres to all user segments and manufacture world-class radials for all Indian vehicles including: heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles and scooters, auto-rickshaws.