CEAT REPORTS STRONG Q3 RESULTS, WORTH KEEPING IN YOUR WATCHLIST

reported a 26% year-on-year increase in revenue to Rs 4,157 crore for the third quarter ended Dec25, while it's net profit stood at Rs 155 crore, with EBITDA margin at 14%. Further, the company will incur a capital expenditure of Rs 1,314 crore for capacity expansion at it's Chennai plant in Kannanthangal. This expansion will be funded through internal accruals and debt. It will add approximately 35 lakh tyres per annum to the existing capacity of 95 lakh tyres, expected to be operational by the first half of FY28. With a market cap of Rs 15,024 crore, the stock is trading at a decent P/E of 24, thereby making it an attractive investment for long term returns.