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Revenue from operations rose 25.97% to Rs 4,157.05 crore in Q3 FY26 over Q3 FY25.
Profit before tax in Q3 FY26 stood at Rs 218.34 crore, up by 70.91% from Rs 127.75 crore in Q3 FY25. The company reported exceptional items of Rs 57.96 crore in Q3 FY26.
EBITDA for Q3 FY26 advanced 64% to Rs 568 crore, compared to Rs 346.3 crore in Q3 FY25. EBITDA margin increased to 13.7% during the quarter as against 10.5% in the same quarter the previous year.
The company currently has an installed capacity of about 95 lakh tyres per annum, including capacity additions under implementation, with utilisation at around 80% of the existing installed capacity. It plans to add around 35 lakh tyres per annum of additional capacity, which is expected to be commissioned by the end of the first half of FY2028.
The proposed expansion will entail an investment of approximately Rs 1,314 crore, to be funded through a mix of internal accruals and debt. The company said the capacity addition is aligned with its expectations of strong short- to medium-term growth in the PCUV segment and is aimed at progressively augmenting capacity to meet anticipated demand.
Commenting on the results as well as the outlook of the business, Arnab Banerjee, MD & CEO, CEAT, said, ““It’s been a good quarter, supported by strong revenue growth across all segments. Reduction in GST rates have improved sentiments in domestic market, and we have had some opportunities opening up in international markets as well. We expect the positive momentum to sustain in the coming quarter and help us close the year strongly.”
Kumar Subbiah, CFO of CEAT, said, “Strong top-line growth in Q3 drove operating leverage leading to improvement in operating margins. Stable commodity prices helped in sustaining gross margins. We have recognised a provision of Rs 58 crores in Q3 towards the impact of new labour codes. We maintained our capex to support our growth during the quarter, largely funded by internal accruals leading debt sustaining at previous quarter level.”
CEAT, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India’s leading tyre manufacturers and has a strong presence in global markets. CEAT produces more than 48 million high-performance tyres, catering to various segments like 2-3 Wheelers, Passenger and Utility Vehicles, Commercial Vehicles and Off-Highway Vehicles.
Shares of Ceat fell 2.36% to currently trade at Rs 3,790 on the BSE.
The current capacity of the plant is about 95 lakh tyres per annum with existing capacity utilisation of 80%. The capital investment of Rs 1,314 crore is proposed to be funded by a mix of internal accruals and debt.
PSU Bank, FMCG and consumer durables shares advanced while IT and pharma stocks advanced.
At 09:25 IST, the barometer index, the S&P BSE Sensex, declined 29.25 points or 0.03% to 85,109.02. The Nifty 50 index fell 49.05 points or 0.19% to 25,975.60.
In the broader market, the S&P BSE Mid-Cap index fell 0.19% and the S&P BSE Small-Cap index shed 0.04%.
The market breadth was negative. On the BSE, 1,337 shares rose and 1,574 shares fell. A total of 163 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,642.30 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,645.94 crore in the Indian equity market on 02 December 2025, provisional data showed.
Stocks in Spotlight:
Bikaji Foods International rose 0.37%. The company has subscribe additional 25,000 common stocks of $10 each, amounting to $ 2,50,000 in its wholly-owned subsidiary, Bikaji Foods International USA Corp (Bikaji USA).
Indian Railway Finance Corporation (IRFC) added 0.21%. The company has signed a loan agreement with Sumitomo Mitsun Banking corporation, GIFT city Branch at Gift city in Gandhinagar, Gujarat for raising external commercial borrowing loan of JPY equivalent $300 million.
CEAT advanced 1.12% after the company’s board said that it will meet on 5 December 2025 to explore a proposal for issuance of non-convertible debentures (NCDs) on private placement basis.
Numbers to Track:
The yield on India's 10-year benchmark federal paper was unchanged at 6.503.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 90.0100 compared with its close of 89.9650 during the previous trading session. The currency slipped to a fresh record low after breaching the 90-mark.
MCX Gold futures for 5 December 2025 settlement rose 0.62% to Rs 128,120.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.11% to 99.23.
The United States 10-year bond yield fell 0.22% to 4.079.
In the commodities market, Brent crude for January 2025 settlement declined 2 cents or 0.03% to $63.43 a barrel.
Global Markets:
Asia-Pacific markets were mostly higher Wednesday, after Wall Street saw a tech-fueled recovery and a cryptocurrency rally.
Bitcoin climbed over 7% to cross the $90,000 mark in overnight trading after a sharp sell-off a day earlier.
South Korea’s revised third-quarter GDP numbers indicated that country’s economy grew at 1.8% year on year, compared to 1.7% in the initial estimate, data from the central bank showed Wednesday.
Australia’s GDP expanded 2.1% year on year, marking its strongest expansion since the third quarter of 2023, but fell short of the widely reported 2.2% expected growth rate.
U.S. stock futures were little changed during early Asia hours after major U.S. indexes recovered some losses from the previous session.
Overnight in the U.S., the Dow Jones Industrial Average gained 0.39%, while the S&P 500 climbed 0.25% and the Nasdaq Composite advanced 0.59%.