InvestorQ : Why did Ceat report a sharp fall in sales numbers for the Jun-20 quarter?
Aashna Tripathi made post

Why did Ceat report a sharp fall in sales numbers for the Jun-20 quarter?

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Tisha Malhotra answered.
3 months ago
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Ceat reported a 37.4% fall in net Sales at Rs.1067 crore for the Jun-20 quarter as the lockdown pressure resulted in weak OEM demand from the auto sector. Ceat also reported a net loss of Rs.14.60 crore as against a profit of Rs.87 crore in the Jun-19 quarter. EBITDA fell sharply by 33% to 117 crore.
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