Shares of tyremaker CEAT rose 14% on Monday after the firm reported its Q2 earnings.

Net profit rose 52.4% to Rs 186 crore in the last quarter against Rs 122 crore in the year ago period. On a consolidated basis, the revenue came at Rs 3,772.7 crore, an increase of 14.3% Y-o-Y from Rs 3304.5 crore in the September 2024 quarter. Advertisement

EBITDA rose 39% to Rs 503 crore in the last quarter against Rs 362.2 crore in the September 2024 quarter.

CEAT stock rose 13.89% to a record high of Rs 4251.70 in the current session. Market cap of CEAT rose to Rs 16,995 crore. CEAT shares have a one-year beta of 1, indicating average volatility during the period. Total 2.87 lakh shares changed hands amounting to a turnover of Rs 118 crore

Commenting on the results and the outlook of the business

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