CEAT Limited — Quarter ended March 31, 2026 (audited) and year ended March 31, 2026 (audited)
| Particulars | Quarter ended 31-Mar-26 (Audited) (Refer note 2) | Year ended 31-Mar-26 (Audited) | Year ended 31-Mar-25 (Audited) | Quarter ended 31-Dec-25 (Unaudited) | Year ended 31-Mar-25 (Audited) |
|---|---|---|---|---|---|
| 1 Income | |||||
| a) Revenue from operations | 403,585 | 1,521,486 | 395,720 | 341,357 | 1,317,165 |
| b) Other income | 6,250 | 13,150 | 2,645 | 435 | 3,335 |
| Total income | 409,835 | 1,534,636 | 398,365 | 341,792 | 1,320,500 |
| 2 EXPENSES | |||||
| a) Cost of materials consumed | 238,505 | 919,712 | 229,070 | 217,536 | 831,883 |
| b) Purchases of stock-in-trade | 493 | 1,394 | 376 | 128 | 900 |
| c) Changes in inventories of finished goods, work-in-progress and stock-in trade | 4,337 | 872 | 8,398 | (4,390) | (13,380) |
| d) Employee benefits expenses | 24,777 | 96,909 | 25,202 | 22,202 | 84,653 |
| e) Finance costs | 8,581 | 35,947 | 10,475 | 7,440 | 27,720 |
| f) Depreciation and amortisation expenses | 17,135 | 65,438 | 16,517 | 15,221 | 56,226 |
| g) Other expenses | 76,746 | 298,362 | 76,953 | 66,421 | 264,493 |
| Total expenses | 370,574 | 1,418,634 | 366,991 | 324,558 | 1,252,495 |
| 3 Profit before exceptional items and tax [1-2] | 39,261 | 116,002 | 31,374 | 17,234 | 68,005 |
| 4 Exceptional items (refer note 4) | 963 | 7,073 | 5,781 | 3,704 | 2,961 |
| 5 Profit before tax [3-4] | 38,298 | 108,929 | 25,593 | 13,530 | 65,044 |
| 6 Tax expenses | |||||
| a) Current tax | 7,694 | 18,781 | 3,770 | 2,287 | 11,214 |
| b) Deferred tax | 2,249 | 8,876 | 2,664 | 1,205 | 5,620 |
| Total tax expenses | 9,943 | 27,657 | 6,434 | 3,492 | 16,834 |
| 7 Profit for the period [5-6] | 28,355 | 81,272 | 19,159 | 10,038 | 48,210 |
| 8 Other comprehensive income | |||||
| a) Items that will not be reclassified to profit or loss | |||||
| i) Remeasurements gains / (losses) on defined benefit plans | 4,945 | 5,602 | (61) | (1,030) | (675) |
| ii) Income tax relating to above | (1,245) | (1,410) | 16 | 259 | 170 |
| b) Items that will be reclassified to profit or loss | |||||
| i) Net movement of cash flow hedges | 5,631 | 11,074 | (88) | (3,218) | (2,810) |
| ii) Income tax relating to above | (1,417) | (2,787) | 22 | 810 | 707 |
| Total other comprehensive income / (loss) for the period | 7,914 | 12,479 | (111) | (3,179) | (2,608) |
| 9 Total comprehensive income for the period [7+8] | 36,269 | 93,751 | 19,048 | 6,859 | 45,602 |
| 10 Paid-up equity share capital | 4,045 | 4,045 | 4,045 | 4,045 | 4,045 |
| (Face value of the share – ₹ 10 each) | |||||
| 11 Other equity excluding revaluation reserve as shown in the audited balance sheet | 502,657 | 424,534 | |||
| 12 Earnings per share (of ₹ 10 each) (not annualised except for year ended March) | |||||
| a) Basic (in ₹) | 70.29 | 201.17 | 47.47 | 24.82 | 119.18 |
| b) Diluted (in ₹) | 70.29 | 201.17 | 47.47 | 24.82 | 119.18 |
| Particulars | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|
| I Assets | ||
| (1) Non-current assets | ||
| (a) Property, plant and equipment | 684,303 | 656,792 |
| (b) Capital work-in-progress | 58,862 | 50,661 |
| (c) Right-of-use asset | 33,476 | 28,783 |
| (d) Intangible assets | 32,876 | 10,410 |
| (e) Intangible assets under development | 3,994 | 3,087 |
| (f) Financial assets | ||
| (i) Investments | 49,269 | 16,499 |
| (ii) Loans | 75,868 | – |
| (ii) Other financial assets | 2,996 | 871 |
| (g) Non-current tax assets (net) | 1,193 | 1,754 |
| (h) Other non-current assets | 20,021 | 4,235 |
| Total non-current assets (1) | 962,858 | 773,092 |
| (2) Current assets | ||
| (a) Inventories | 166,000 | 140,925 |
| (b) Financial assets | ||
| (i) Trade receivables | 175,965 | 165,233 |
| (ii) Cash and cash equivalents | 3,090 | 3,947 |
| (iii) Bank balances other than (ii) above | 306 | 360 |
| (iv) Other financial assets | 26,318 | 11,123 |
| (c) Other current assets | 34,707 | 14,740 |
| Total current assets (2) | 406,386 | 336,328 |
| Total assets [(1) + (2)] | 1,369,244 | 1,109,420 |
| II Equity And Liabilities | ||
| (1) Equity | ||
| (a) Equity share capital | 4,045 | 4,045 |
| (b) Other equity | 502,657 | 424,534 |
| Total equity (1) | 506,702 | 428,579 |
| (2) Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 150,367 | 92,352 |
| (ii) Lease liabilities | 15,742 | 13,491 |
| (iii) Other financial liabilities | 1,869 | 1,973 |
| (b) Provisions | 8,682 | 9,179 |
| (c) Deferred tax liabilities (net) | 61,710 | 48,637 |
| Total non-current liabilities (2) | 238,370 | 165,632 |
| (3) Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 148,833 | 100,477 |
| (ii) Lease liabilities | 10,164 | 7,310 |
| (iii) Trade payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 13,095 | 8,615 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 321,460 | 265,253 |
| (iv) Other financial liabilities | 98,954 | 95,877 |
| (b) Other current liabilities | 12,302 | 20,675 |
| (c) Provisions | 16,292 | 13,830 |
| (d) Current tax liabilities (net) | 3,072 | 3,172 |
| Total current liabilities (3) | 624,172 | 515,209 |
| Total equity and liabilities [(1) + (2) + (3)] | 1,369,244 | 1,109,420 |
| Particulars | 2025-26 | 2024-25 |
|---|---|---|
| I CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit before tax | 108,929 | 65,044 |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Depreciation and amortization expenses | 65,438 | 56,226 |
| Interest income | (4,287) | (661) |
| Finance costs | 35,947 | 27,720 |
| Dividend income | (2,146) | (1,641) |
| Compensation expenses under employee stock option plan | 450 | – |
| Impairment of Asset | – | 1,365 |
| Gain on termination of lease | (17) | (98) |
| Allowance/(Write-back) for doubtful debts and advances | (9) | 478 |
| Gain on sale of mutual funds | (135) | (38) |
| Loss on disposal of property, plant and equipment (net) | 1,639 | 120 |
| Unrealised foreign exchange (gain) / loss (net) | (4,594) | 277 |
| Operating profit before working capital changes | 201,215 | 148,792 |
| Adjustments for : | ||
| Decrease / (Increase) in inventories | (25,075) | (27,511) |
| Decrease / (Increase) in trade receivables | (8,773) | (37,839) |
| Decrease / (Increase) in other current assets and other current financial assets | (24,455) | (7,927) |
| Decrease / (Increase) in other non-current assets and other non-current financial assets | (191) | (100) |
| (Decrease) / Increase in trade payables | 55,822 | 39,943 |
| (Decrease) / Increase in current financial liabilites and other current liabilities | (2,917) | (1,570) |
| (Decrease) / Increase in current provisions | 6,889 | 1,631 |
| (Decrease) / Increase in non-current provisions | (513) | 1,369 |
| Cash flows from operating activities | 202,002 | 116,788 |
| Income taxes (paid) / refund | (18,013) | (8,490) |
| Net cash flow generated from operating activities (I) | 183,989 | 108,298 |
| II CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment and intangible assets (including capital work-in progress, intangible assets under development and capital advance) | (107,598) | (94,707) |
| Payment towards business combination (refer note 5) | (23,933) | – |
| Proceeds from sale of property, plant and equipment | 40 | 79 |
| Purchase of Investments | (32,770) | (926) |
| Purchase of mutual funds | (235,327) | (54,200) |
| Proceeds from sale of mutual funds | 235,463 | 54,238 |
| Interest received | 337 | 326 |
| Loan given to subsidiary | (70,154) | – |
| Dividend received | 2,146 | 1,641 |
| Net cash flow (used in) investing activities (II) | (231,796) | (93,549) |
| III CASH FLOW FROM FINANCING ACTIVITIES | ||
| Interest paid | (31,288) | (24,403) |
| Proceeds / (repayment) of short-term borrowings (net) | 39,766 | 31,840 |
| Proceeds from long-term borrowings | 105,000 | 35,000 |
| Repayment of long-term borrowings | (38,396) | (33,308) |
| Loan to ESOP trust for purchase of treasury shares | (3,943) | – |
| Payment of Lease Liabilities | (12,054) | (11,016) |
| Dividend paid | (12,135) | (12,135) |
| Net cash flows generated from / (used in) financing activities (III) | 46,950 | (14,022) |
| Net increase / (decrease) in cash and cash equivalents (I + II + III) | (857) | 727 |
| Cash and cash equivalents at the beginning of the year | 3,947 | 3,220 |
| Cash and cash equivalents at the end of the year | 3,090 | 3,947 |
| Sr. No. | Particulars | Quarter ended 31-Mar-26 | 31-Dec-25 | 31-Mar-25 | Year ended 31-Mar-26 | 31-Mar-25 |
|---|---|---|---|---|---|---|
| (a) | Net profit after tax (₹ in lakhs) | 28,355 | 19,159 | 10,038 | 81,272 | 48,210 |
| (b) | Earnings per share (of ₹10 each) (in ₹) (not annualised except for year ended March) | |||||
| i) Basic | 70.29 | 47.47 | 24.82 | 201.17 | 119.18 | |
| ii) Diluted | 70.29 | 47.47 | 24.82 | 201.17 | 119.18 | |
| (c) | Operating margin (%) (EBITDA* / revenue from operations) | 14.55 | 14.08 | 11.56 | 13.42 | 11.28 |
| (d) | Net profit margin (%) (Net profit after tax / revenue from operations) | 7.03 | 4.84 | 2.94 | 3.48 | 3.66 |
| (e) | Interest service coverage ratio |