The company had registered a net profit of Rs 82.35 crore for the corresponding period a year ago.
Net sales of the company, however, declined to Rs 1,399.99 crore for the second quarter as compared to Rs 1,425.76 crore in the same period of the previous fiscal year, Ceat Ltd said in a filing to the BSE.
Shares in Ceat, on Tuesday, ended 0.6 per cent lower at Rs 1,177.75 apiece on the BSE, whose benchmark Sensex index finished down 0.4 per cent.
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