CEAT Ltd.’s revenue for the year ended March 31, 2016, stood at Rs. 5,681 crores. While EBITDA grew by 21 per cent to Rs. 822 crores from Rs. 680 crores, margins moved up to 14.5 per cent, a 255-bps surge. On a standalone basis, India operations reported revenue of Rs. 5,459 crores, EBITDA of Rs. 790 crores and profit after tax of Rs. 453 crores, a growth of 51 per cent on year on year basis.
On a consolidated basis, the company’s Q4 FY15-16 PAT increased by 11.5 per cent YoY to Rs. 105 crores, while revenue stood at Rs. 1,451 crores. EBITDA increased by 5 per cent to Rs. 195 crores on YoY basis. On a standalone basis, PAT rose by 14.3 per cent YoY to Rs. 102 crores for the quarter. The standalone EBITDA stood at Rs. 186 crores while EBITDA margins stood at 13.5 per cent for Q4 FY15-16.
Mr. Anant Goenka, Managing Director, CEAT Ltd., stated: “This has been another strong quarter where we saw the commissioning of our greenfield facility in Nagpur that will help us meet growing demand in the 2/3-wheeler segment. While volumes across segments have grown this quarter, Chinese dumping continues to impact the industry and our business to some extent.”
Mr. Manoj Jaiswal, Chief Financial Officer, CEAT Ltd., commented: “With an improved business and cash flow, we have been able to strengthen our balance sheet significantly. Our debt-EBITDA ratio has reduced to 0.8x while EBITDA to interest ratio has improved to 9.1x. Our debt-equity stands at a healthy 0.3x.”