Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Six Months ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results and Corporate Announcements
Audit Opinion:
The Limited Review Report issued by B S R & Co. LLP, Chartered Accountants, states a clean review opinion. Nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement.
Auditor’s Comment:
The auditors noted that the Statement includes the interim financial results of CEAT Employees Welfare Trust, which has not been reviewed, with total assets of ₹51 Crores and total revenues of ₹0.38 Crores for the quarter. According to management, this financial information is not material to the Company.
Key Financial Highlights [Unit: ₹ Crores]
Standalone Results:
Quarter ended September 30, 2026 (Q2 FY27):
- Revenue from Operations: ₹4,548 (Up 23% YoY from ₹3,701 in Q2 FY26)
- Total Income: ₹4,588
- EBITDA: Not explicitly stated but calculable from disclosures
- Net Profit: ₹164 (Down 19% YoY from ₹202 in Q2 FY26)
- EPS: ₹40.62 (Basic and Diluted)
- Other Equity: ₹5,097 (as at September 30, 2026)
- Cash and Cash Equivalents: ₹10 (as at September 30, 2026)
- Debt: Total Borrowings (Non-current + Current) = ₹1,479 + ₹2,004 = ₹3,483
Six months ended September 30, 2026 (H1 FY27):
- Revenue from Operations: ₹8,711 (Up 20% YoY from ₹7,222)
- Net Profit: ₹262 (Down 22% YoY from ₹337)
- EPS: ₹65.07 (Basic and Diluted)
Consolidated Results:
Quarter ended September 30, 2026 (Q2 FY27):
- Revenue from Operations: ₹4,762 (Up 26% YoY from ₹3,773 in Q2 FY26)
- Total Income: ₹4,767
- Net Profit: ₹112 (Attributable to owners of the Parent; Down 40% YoY from ₹186)
- EPS: ₹27.79 (Basic and Diluted)
- Other Equity: ₹4,921 (Attributable to equity holders of parent as at September 30, 2026)
- Cash and Cash Equivalents: ₹32 (as at September 30, 2026)
- Debt: Total Borrowings (Non-current + Current) = ₹1,479 + ₹2,367 = ₹3,846
Six months ended September 30, 2026 (H1 FY27):
- Revenue from Operations: ₹9,080 (Up 24% YoY from ₹7,302)
- Net Profit: ₹116 (Attributable to owners of the Parent; Down 61% YoY from ₹298)
- EPS: ₹28.85 (Basic and Diluted)
Segment-wise Performance:
The Company's business activity falls within a single reportable business segment: "Automotive Tyres, Tracks, Tubes and Flaps".
Corporate Actions:
- Dividend: An interim dividend of ₹141 crores was paid during the six-month period.
- ESOP: The Company granted 74,247 stock options under the CEAT Employees Stock Option Scheme 2025 (ESOP 2025) during the quarter. The outstanding options are 165,110 options.
Other Significant Information:
- Exceptional Items: A charge of ₹13 crores for the quarter (₹20 crores for H1 FY27) related to a Voluntary Retirement Scheme (VRS) for employees.
- Subsidiary Investments:
- Made an additional investment of ₹3 crores on April 21, 2026, ₹3 crores on July 10, 2026, and ₹5 crores on September 24, 2026 in its wholly-owned subsidiary, TYRESNMORE Online Private Limited.
- Converted a $24.5 million loan given to Ceat OHT Lanka (Private) Limited into equity equivalent to ₹234 crores.
- Capex: Capital expenditure during the six-month period was significant, with ₹786 crores used for the purchase of property, plant, and equipment and intangible assets on a standalone basis.
- ESOP Trust: The Company has advanced ₹51 crores to the CEAT Employees Welfare Trust as of September 30, 2026, for administering the ESOP scheme.
- Business Acquisition: The results include the financial results of the acquisition of Camso brand's Off-Highway construction equipment tyre and tracks business, effective September 1, 2025.
- Management Commentary: MD & CEO Mr. Arnab Banerjee cited strong double-digit revenue growth led by premium segments but noted challenges from elevated raw material costs due to the West Asia crisis. CFO Mr. Kumar Subbiah mentioned focused pricing actions and fiscal discipline amidst continued cost pressures.