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  • On a consolidated basis, CEAT Reports Revenue of RS 5009 crore in Financial Year 2012 – 2013

    Published on May 7, 2013

    Chennai : CEAT Limited, an RPG Enterprises company, announced its audited results for the financial year ending March 31, 2013. On a CEATstandalone basis, the India operations reported a revenue of Rs 4837 crore and EBITDA margin of 8.8%.

     

    Mr. Anant Goenka, Managing Director, CEAT Limited said, “This financial year has been a positive story for us. We have witnessed an EBITDA expansion of 320 BPS for the full year on account of higher realizations due to change in product mix and soft raw material prices.”

    “We have consolidated our position in the 2 wheelers segment by increasing our market share. Focused advertising campaigns have been a key catalyst to this market share growth. Going forward, we will continue our investments in building a strong brand”, added Mr. Goenka

    Talking about Q4 performance, CEAT India recorded revenue of Rs 1298 crore. EBITDA for the quarter stood at 10.7% compared to 10.4% in the corresponding quarter of the previous year.

    The combined net sales for Q4 is Rs 1333 crore and the consolidated EBITDA margin stood at 10.8%

    Mr. Manish Dugar, Chief Financial Officer, CEAT Limited said, “With improved operational efficiency and focus on tight working capital management, we have been able to reduce our debt by Rs 273 Cr to Rs 1,038 Cr from Rs 1,311 Cr in FY 12. However, the debt reduction took place mainly in last 2 quarters and benefit of lower base rate was effective Feb’13. Hence the impact on the overall Interest cost will be felt in the subsequent quarters.”