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CEAT Temporarily Loses Methanol Procurement License From Maharashtra FDA

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Sig2.35Sen-3.85Env0.00Soc0.00Gov-1.70

Maharashtra FDA has issued a 15-day temporary suspension of CEAT’s methanol procurement license, starting Sept 1, 2026, and CEAT expects minimal downtime due to alternative procurement arrangements. CEAT also reported a sharp Q1 FY27 net profit decline to ₹4 crore as raw material costs rose, compressing EBITDA margin to 8.56%, alongside a ₹1,205 crore capex approval.

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