Board Meeting Outcome: Unaudited Quarter and Six-Month Results, Additional Independent Director, Amended RPT Policy
Mr. Sumeet Narang appointed Additional Director (Non-Executive, Independent) for 5 consecutive years, Oct 14, 2026 to Oct 13, 2031, subject to shareholder approval.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 4,548 | 3,701 | +22.9% | 4,163 | +9.2% |
| Total income | 4,588 | 3,718 | +23.4% | 4,185 | +9.6% |
| Profit before tax | 219 | 270 | −18.9% | 132 | +65.9% |
| Profit after tax | 164 | 202 | −18.8% | 98 | +67.3% |
| Total comprehensive income | 162 | 238 | −31.9% | 56 | +189% |
| Basic EPS | 40.62 | 50.00 | −18.8% | 24.41 | +66.4% |
- Profit After Tax YoY Change
- −18.8%
- Period
- Quarter ended 30-Sep-26
Also decided at the meeting
- Mr. Sumeet Narang (DIN: 01874599) appointed as Additional Director (Non-Executive, Independent) for 5 years from October 14, 2026 till October 13, 2031, subject to shareholder approval.
- Board took on record the amended Policy on Related Party Transactions, to be available on www.ceat.com.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional items: VRS compensation of ₹ 13 crores for quarter ended Sep 30, 2026, ₹ 7 crores for quarter ended Jun 30, 2026, Nil for quarter ended Sep 30, 2025.
- Exceptional item of ₹ 58 crores recognised in year ended March 31, 2026 for incremental obligations under the New Labour Codes effective November 21, 2025.
- Company converted $24.5 million loan to Ceat OHT Lanka (Private) Limited into equity equivalent to ₹ 234 crores; invested ₹ 3 cr, ₹ 3 cr and ₹ 5 cr in subsidiary TNM.
What the board approved
CEAT Limited's board met on October 14, 2026. The update states that the Board unanimously approved, consented to or took on record the unaudited financial results, the appointment of an additional director, and an amended Policy on Related Party Transactions.
Standalone results, quarter ended September 30, 2026
The figures below are standalone and unaudited, expressed in rupees crore
- Revenue from operations: Rs. 4,548 crores
- Total income: Rs. 4,588 crores
- Profit for the period: Rs. 164 crores
A few disclosed ratios
- Operating margin: 10.14%
- Net worth: Rs. 5,137 crores
The new board member
Mr. Sumeet Narang (DIN: 01874599) has been appointed as an Additional Director in the capacity of Non-Executive, Independent Director, for a consecutive period of 5 years from October 14, 2026 to October 13, 2031 (both days inclusive), subject to approval of shareholders. The update describes him as Founder & CEO of Samara Capital Group, and states he is not related to any other director or key managerial personnel of the company.
Auditor's review conclusion
The Limited Review Reports on the standalone and consolidated unaudited results are from BSR & Co. LLP, Chartered Accountants. Their conclusion is that nothing has come to their attention that causes them to believe the statement has not disclosed the information required to be disclosed, or that it contains any material misstatement. A limited review is narrower in scope than an audit and no audit opinion is expressed.
Debt-related disclosures
- Listed unsecured non-convertible debentures of Rs. 150 crores were repaid on due date during the quarter.
- Commercial paper of face value Rs. 850 crores is outstanding and not due for repayment as at September 30, 2026.
Related party policy
The amended Policy on Related Party Transactions is available on the company's website.
Also from Ceat
CEAT outlined plans to produce 800,000 tyres for the premium car radial segment by 2030 and will host a conference call at 4pm to discuss strategy
22 Oct 2026
Duplicate share certificates issued in lieu of originals across six folios
21 Oct 2026
Transcript of Q2 FY27 earnings call made available on the company website
19 Oct 2026
More numbers
- Operating margin10.14%
- Net worthRs. 5,137 crores
- Term of appointment of Additional Director5 (five) years
- Listed unsecured non-convertible debentures repaid on due date during the quarter₹ 150 crores
- Commercial paper outstanding and not due for repayment₹ 850 crores
- Total income, latest quarter4,588 (₹ in crores)
- Total income, year-ago quarter3,718 (₹ in crores)
- Total income, previous quarter4,185 (₹ in crores)
- Total comprehensive income, latest quarter162 (₹ in crores)
- Total comprehensive income, year-ago quarter238 (₹ in crores)
- Total comprehensive income, previous quarter56 (₹ in crores)
- Profit after tax, latest quarter164 (₹ in crores)
- Profit after tax, year-ago quarter202 (₹ in crores)
- Profit after tax, previous quarter98 (₹ in crores)
- Revenue from operations, latest quarter4,548 (₹ in crores)
- Revenue from operations, year-ago quarter3,701 (₹ in crores)
- Revenue from operations, previous quarter4,163 (₹ in crores)
- Profit before tax, latest quarter219 (₹ in crores)
- Profit before tax, year-ago quarter270 (₹ in crores)
- Profit before tax, previous quarter132 (₹ in crores)
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