Kolkata, Feb 7 (IBNS) Leading tyre manufacturer CEAT Limited, an RPG Group company, announced its unaudited results for the third quarter ending December 31, 2012.
On a standalone basis, the India operations reported a revenue growth of 14% year-on-year at Rs 1194.6 crores.
EBITDA for the quarter stood at 8.5% compared to 6.3% in the corresponding quarter of the previous year.
On a consolidated basis, CEAT reported Net Sales of Rs 1239 crores; 13% year-on-year Net Sales growth in Quarter 3, FY 13. Profit before tax stood at Rs 32.6 crores.
The consolidated EBITDA margin stood at 8.9% compared to 6.3% in Q2 last year.
Anant Goenka, Managing Director, CEAT Limited, said, "Q3 has been positive for CEAT with improved sales volumes and falling key raw material prices. Overall there is a 15% increase in volume spread across the segments.
"For the first time, at CEAT, we crossed sales of 5 lac motor cycle tyres per month in the months of October, November and December. We also launched our UVR Ad Campaign, which was well received by consumers and we have been able to convey the brand message to the target audience very strongly."