CEAT Limited reported a robust performance for the second quarter (Q2)

CEAT Limited reported a robust performance for the second quarter (Q2) of the fiscal year, with significant jumps in net profit and revenue, alongside improved operating margins. Key Consolidated Financial Highlights: Net Profit: Jumped 52.4% year-on-year (YoY) to ₹186 crore, up from ₹122 crore in the same period last year. Revenue: Increased 14.2% YoY to ₹3,772.7 crore, compared to ₹3,304.5 crore in the year-ago quarter. EBITDA: Rose 39% to ₹503.7 crore from ₹362.2 crore a year earlier. EBITDA Margin: Expanded to 13.4% from 11% in the corresponding period last year, reflecting strong operating efficiency. Standalone Performance: Revenue stood at ₹3,701.1 crore, up 12.2% YoY. Net profit was reported at ₹202.2 crore. EBITDA margin stood at 13.7%. Management Commentary & Strategy: Arnab Banerjee, MD and CEO, CEAT Limited, noted the strong double-digit growth and anticipates a positive impact on domestic demand from the recent reduction in GST rates on tyres and vehicles. He also highlighted the successful full integration of Camso into the CEAT family, a key step in their global premiumisation strategy. The company looks forward to double-digit growth in the second half of the year. Kumar Subbiah, CFO, stated that Q2 was marked by strong topline growth and margin expansion. He confirmed the balance sheet remains healthy despite an increase in debt largely due to the acquisition of Camso's assets and dividend payouts, ensuring adequate capital for future growth. Board Appointments: Apurva Chandra was appointed as an Additional Director (Non-Executive, Independent) for five years. Paras K. Chowdhary was appointed as an Additional Director (Non-Executive, Non-Independent). Both appointments are subject to shareholders’ approval. Stock Performance: Shares of CEAT Ltd ended at ₹3,712.45 on the BSE, marking a modest increase of ₹14.40 (0.39%).