CEAT Limited Receives Credit Rating Update from CARE Ratings 2 days ago
CEAT Limited received updated credit ratings from CARE Ratings, with commercial paper rating reaffirmed at A1+ for ₹1,000 crores and AA/Positive outlook maintained on debentures and long-term facilities. The company's short-term bank facilities were enhanced to ₹1,920 crores from ₹1,795 crores, while long-term facilities were reduced to ₹1,406 crores. The ratings demonstrate CEAT's strong credit profile and financial stability.
CEAT to Explore Fundraising Options in Upcoming Board Meeting
CEAT Limited, an Indian tire manufacturer, has announced that its board of directors will meet on June 25 to discuss and evaluate potential fundraising options. This move suggests the company is considering strengthening its financial position, possibly for future growth initiatives or managing existing financial obligations. The specific details of the fundraising options have not been disclosed. This announcement is likely to draw significant attention from investors and market analysts, as it could provide insights into CEAT's financial health and future plans.
CEAT Limited reported strong financial results for Q4 and FY25. Q4 consolidated revenue grew 14.3% YoY to Rs 3,420.60 crore, with EBITDA margin at 11.5%. FY25 revenue reached Rs 13,217.90 crore, crossing the Rs 13,000 crore milestone. EBITDA for FY25 was Rs 1,495.90 crore with an 11.3% margin. Net profit for the year stood at Rs 471.40 crore. The company saw growth across key categories and verticals, with strong OEM performance in Q4. CEAT incurred Rs 946.00 crore in capital expenditure for FY25 and announced a dividend of Rs 30.00 per equity share.
CEAT Limited announced Q4 FY25 results with consolidated revenue up 14.3% to ₹3,420.60 crore. Net profit fell 8.4% to ₹99.50 crore, and EBITDA marginally decreased by 0.9% to ₹388.00 crore. EBITDA margin dropped to 11.3%. The company declared a dividend of ₹30 per equity share.