CEAT shares rise 5% after Q1 profit jumps multifold
On the operating performance, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) during the June quarter stood at Rs 384.7 crore, compared to Rs 171.3 crore in the year-ago period. While EBITDA margin stood at 13.1% in Q1 FY24.
