CEAT, one of the leading tyre companies in India, will be announcing its third quarter financial results today, Feb. 05, 2015.

Angel Broking expects the topline to grow 9% yoy to Rs 15.66 billion mainly driven by volume growth. Market share gains in the passenger vehicle space and recovery in the commercial vehicle segment is expected to boost volumes. Realisation is expected to decline marginally by 2% on back of price cuts in replacement segment.

''Operating margins are estimated to expand 180 bp yoy to 12.8% on account of soft raw material prices. We expect Net Profit to grow 44% yoy to Rs 970 million. Currently, we have Buy rating on the stock,'' it added.

Shares of the company gained Rs 14.85, or 1.83%, to trade at Rs 824.85 at the BSE (12.34 p.m., Thursday).