1. Q3 FY26 Financial Results (Quarter Ended Dec 31, 2025) CEAT announced its Q3 results in late January, reporting robust top-line growth driven by volume expansion and regulatory tailwinds. Net Profit: ₹156 Crore, a strong rise of 60% YoY (up from ₹97 Crore in Q3 FY25). Note: Sequentially, profit was lower (down ~16% QoQ) due to a one-time exceptional provision of ₹58 Crore related to new labor code implementation. Revenue: ₹4,157 Crore, up 26% YoY. This is the first time quarterly revenue crossed the ₹4,000 Crore milestone. EBITDA Margin: Stood at 13.7% (Consolidated), expanding by 317 bps YoY. Key Drivers: GST Rate Cut: Management highlighted that the reduction in GST rates on tyres (from 28% to 18%, announced in Sep 2025) significantly improved domestic sentiment and volume. Strong Volumes: Reported ~21% YoY volume growth, with the Passenger Vehicle (UV/Car) segment performing particularly well. 2. Strategic Expansion (Capex) Chennai Plant Expansion: The Board has approved a ₹1,314 Crore investment to expand capacity at the Chennai facility. Focus Area: The expansion is specifically targeted at the Passenger Car & Utility Vehicle (PC/UV) radial tyre segment, aiming to capture the premiumization trend in the Indian auto market. Timeline: The project is expected to add capacity of ~35 lakh tyres per annum by the first half of FY2028.