What will be the Financial Prospect of the Kelani Tyres in coming Quarterly Results?
Summary of Results as of 30 June 2020 (Q1)
- CEAT Tyres (JV) has only made 182Mn PAT which includes 152Mn tax revesal.
- CEAT Tyres (JV) TO for last five Qs
2019/20 Q1 - 2.3 Bn (Ester Attack)
Q2 - 2.6 Bn
Q3 - 3 Bn
Q4 - 1.55 Bn (Covid Lock-down)
2020/21 Q1 - 1.55 Bn (Covid Lock-down)
Its not sure why TYRE could not achieve much in Q1 20/21. Company like TKYO has done tremendously well under import restrictions and expected to do well in coming Quarters.
As boasted by the news papers & media and with the restriction in place for tyre imports, Kelani Tyre has to record impressive results in Q2. If not that would be huge disappointment for the investors.
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