CEAT reports Rs. 41.5 cr net profit in Q4

Mumbai, May 9 (IANS) The leading tyre manufacturer, CEAT, an RPG Group company, has announced clocking a net profit of Rs. 41.5 crore for the quarter which ended March 31, 2012, against a loss of Rs. 11.8 crore during the same period last year.

For the fourth quarter of last fiscal, the Mumbai-based company's consolidated net sales increased by 24.2 percent to Rs. 1,215 crore as compared to the corresponding quarter in previous fiscal.

"Despite a difficult start to the year, we finished well with robustgrowth in sales and net profit, said Anant Goenka, managing director, CEAT, in a release Tuesday.

"The company is focusing on improving its product mix and operation efficiencies. In FY 13, we plan to continue to improve our product mix towards more profitable non truck tyres, ramp up our radial plant at Halol to full capacity and invest in the brand," he added.