&w=3840&q=100)
Ceat Q1 FY26 results: Profit falls 27% to ₹112 crore, rises sequentially
New Delhi
Ceat on Thursday reported a consolidated net profit of ₹112.45 crore for Q1 FY26, down 27 per cent year-on-year from ₹154.16 crore in Q1 FY25. However, the tyre maker's profit improved sequentially from ₹99.49 crore in Q4 FY25.
The company's revenue for the quarter rose to ₹3,529.41 crore, up 10.5 per cent y-o-y from ₹3,192.82 crore and 3.2 per cent sequentially from ₹3,420.62 crore.
Shares of Ceat closed at ₹3,855.25 apiece on the BSE on Thursday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Reliance Infra, Reliance Power shares slide 10% in 2 days after ED raids sites linked to Anil Ambani
Shares of Reliance Infrastructure and Reliance Power plummeted after Enforcement Directorate (ED) raided Anil Ambani's premises concerning a Rs 3,000 crore Yes Bank loan fraud. The ED's investigation revealed irregularities in loan approvals and potential bribery. Both Reliance Infrastructure and Reliance Power deny involvement, stating the probe relates to separate entities with no impact on their operations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sebi flags Reliance Home Finance Both companies respond to ED action Shares of Reliance Infrastructure and Reliance Power have dropped 10% over two sessions, hitting their lower circuits of 5% on Friday after the Enforcement Directorate (ED) raided multiple premises linked to Anil Ambani in a Rs 3,000 crore Yes Bank loan fraud probe. Reliance Power fell 5% to Rs 56.72 on the BSE, while Reliance Infrastructure slid 5% to Rs ED on Thursday carried out searches at 40 to 50 premises connected to Ambani as part of its investigation into suspected money laundering related to loans sanctioned by Yes Bank between 2017 and 2019. According to the agency, these loans, worth around Rs 3,000 crore, were allegedly diverted to shell companies and other group searches, conducted under Section 17 of the Prevention of Money Laundering Act (PMLA), follow two FIRs registered by the Central Bureau of Investigation (CBI) and are based on information provided by the Securities and Exchange Board of India (SEBI), the National Housing Bank, Bank of Baroda , and the National Financial Reporting Authority (NFRA).The ED said its preliminary findings indicate significant irregularities in Yes Bank's credit approval process, including 'back-dated documentation, disbursement of loans on or before approval dates, and absence of due diligence.' Loans were allegedly sanctioned to entities with weak financials and overlapping directorships, raising concerns over possible evergreening of accounts and violations of lending agency also reported signs of possible bribery involving Yes Bank officials, including the bank's promoter, in connection with the scope of the ED's investigation extends to more than 50 companies and 25 individuals. Sebi has separately flagged findings related to Reliance Home Finance Ltd (RHFL), noting that the company's corporate loan book 'more than doubled within a year,' raising concerns over internal control failures and potential regulatory raids and the ongoing probe have weighed on investor sentiment towards Anil Ambani-led group firms, sparking a sell-off in both Reliance Infra and Reliance Power shares Reliance Infrastructure and Reliance Power, in separate exchange filings, denied any involvement in the transactions under investigation and said the enforcement action 'has no operational or financial impact' on their companies noted that the reports 'appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) which are over 10 years old,' adding that both firms are 'separate and independent listed entities with no business or financial linkage to RCOM or RHFL.'They further emphasized that Anil Ambani is not on their board and that any action against RCOM or RHFL 'has no bearing or impact on the governance, management, or operations of Reliance Power.'Reliance Infrastructure added that the ED's actions 'have absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Infrastructure.': Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
4 hours ago
- Mint
Upcoming IPO: Ashish Kacholia-owned Sahajanand Medical Technologies files DRHP for public issue launch
Upcoming IPO: Medical devices company Sahajanand Medical Technologies has filed its draft red herring prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (Sebi), on Friday, July 25, 2025. Founded by Dhirajlal Kotadia in 2001, Sahajanand Medical Technologies (SMT) Limited specialises in advanced medical devices in vascular and structural heart intervention. Ashish Kacholia, Samara Capital Markets Holding Limited, Kotak Pre-IPO Opportunities Fund and Plutus Wealth Management LLP are the major shareholders in the company. According to the DRHP filing, the company is offering a book-built initial public offering (IPO) with an entirely offer for sale (OFS) component. The company proposed to make an offer-for-sale of up to 2,76,44,231 equity shares to shareholders with a face value of Re 1 apiece. The offer also provides a discounted subscription reservation for eligible employees within the employee reservation section. The public issue consists of stakes of up to 27,00,000 equity shares each of Shree Hari Trust and Dhirajkumar Savjibhai Vasoya, around 1,29,58,126 equity shares by Samara Capital Markets Holding Limited, up to 26,15,750 equity shares by Kotak Pre-IPO Opportunities Fund, and up to 66,70,355 equity shares by NHPEA Sparkle Holding B.V. The offer is conducted through a book-building process, with up to 50% allocated to qualified institutional buyers and at least 15% and 35% assigned to non-institutional and retail individual bidders, respectively, according to the draft papers. The equity shares are proposed to be listed on the NSE and BSE. The book-running lead managers for the public issue are Motilal Oswal Investment Advisors, Avendus Capital Private, HSBC Securities and Capital Markets (India), and Nuvama Wealth Management. MUFG Intime India is the registrar. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Business Standard
5 hours ago
- Business Standard
Reliance Infra reports turnaround Q1 PAT to Rs 60 cr
Reliance Infrastructure reported a consolidated net profit of Rs 59.84 crore in Q1 FY26, compared to a net loss of Rs 233.74 crore posted in Q1 FY25. Revenue from operations fell 17.86% to Rs 5,907.82 crore in the quarter ended 30 June 2025. Total expenses declined 4.84% to Rs 6,469.81 crore in Q1 FY26 over Q1 FY25. During the quarter, the cost of power purchased stood at Rs 4,360.23 crore (down 8.12% YoY), while employee benefits expense was Rs 297.90 crore (up 5.97% YoY). The company reported a profit before exceptional items and tax of Rs 286.67 crore in Q1 FY26, compared to a pre-tax loss of Rs 78.29 crore reported in the same quarter of the previous year. The company reported exceptional items of Rs 0.62 crore in Q1 FY26. EBITDA stood at Rs 1,494 crore in Q1 FY26, registering a 29% YoY growth compared to Rs 1,155 crore in Q1 FY25. Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) across several high-growth sectors such as power, roads, and metro rail in the infrastructure space, as well as in the defence sector. It is also a major player in providing Engineering and Construction (E&C) services for power, infrastructure, metro, and road projects. The scrip hit a 5% lower circuit and closed at Rs 342.05 on Friday, 25 July 2025, on the BSE.
