Ceat Q2 Results: Profit slumps 81% YOY to Rs 7.83 crore on higher input costs
That was more than offset by a 19.3% rise in total expenses, to 28.64 billion rupees, with input costs jumping 24%.Oil prices have risen sharply after the Russia-Ukraine conflict since the early part of this year, raising the cost of petrochemicals that are a key component in tyre manufacturing.
