Tyre Stock News
Earnings Impact: CEAT shares plunge over 7% on 46.5% decline in Q3 profit
Shares of tyre manufacturer CEAT fell over 7 percent on Thursday, January 16, after the company reported a 46.5 percent year-on-year (YoY) decline in net profit to ₹97.1 crore for the third quarter ended December 31, 2024.
2 min read16 Jan 2025Auto Sector Q2 Review: OEMs struggle, 2W demand supports ancillaries; tyre profitability hit by RM costs
In Q2FY25, OEMs experienced limited growth due to declines in CV and PV sales. Tyre firms struggled with margins amid rising rubber costs, but diversified auto ancillaries showed robust earnings.
3 min read22 Nov 2024Tyre makers under pressure as rubber prices surge 33% in FY24: CRISIL report
Tyre manufacturers are struggling as the price of rubber has surged more than 33 per cent in the last five months of the financial year 2025, reported the news agency ANI on Sunday, September 29 quoting a CRISIL report.
2 min read29 Sep 2024Apollo Tyres vs CEAT: Which tyre maker should you pick after stellar Q4 earnings?
CEAT and Apollo Tyres have both reported significant increases in net profits for the Q4 FY23. CEAT’s net profit grew by 428% YoY to Rs 132 crore, while Apollo Tyres consolidated net profit surged over three-fold to Rs. 427 crore.
4 min read16 May 2023Kotak Securities downgrades 3 Major tyre stocks, citing high crude prices
Kotak Institutional Equities reduced its target price for some tyre stocks and stated that now is not the time to bottom-fish. The brokerage firm expects tyre companies’ profitability to remain under pressure in FY23 due to a surge in crude oil prices.
4 min read17 Jun 2022OMCs, aviation, tyre and paint stocks fell as crude oil surges
Airline shares were trading lower on the worries that surge in crude may lead to hike in jet fuel pricesUpstream companies like Oil & Natural Gas Corp Ltd rose 2.1%, Gail India Ltd 1.3%
1 min read16 Sep 2019Tyre stocks on a roll as govt imposes additional duty on Chinese tyre imports
The government has imposed an anti-subsidy countervailing duty in addition to the anti-dumping duty already prevalent on Chinese truck and bus radial importsThe duty has been imposed on Chinese radial tyres above 16 inch rim
1 min read25 Jun 2019Oil prices bring cost relief for MRF, Apollo Tyres, others
Shares of notable tyre manufacturers MRF Ltd and Apollo Tyres Ltd have risen 10% and 18% since oil prices started correcting on 5 October
1 min read27 Dec 2018Tyre firms to gain when replacement demand, lower input costs kick in
The recent scorching pace of growth in commercial vehicle sales implies a more favourable revenue mix for tyre manufacturers
2 min read3 Dec 2018Apollo Tyres, Ceat, MRF betting big on rising local demand
The only hitch is that most tyre firms would need to raise debt to fund hefty capex, which perhaps explains why their share prices have been wobbly within a range in the recent past
2 min read6 Aug 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared