Tyre maker Ceat Ltd reported nearly three-fold jump in consolidated net profit for the third quarter ended December 31, 2012 at Rs 22.44 crore, propelled by higher sales volumes and lower raw material cost.The company had posted net profit of Rs 8.12 crore in the year-ago period.Net sales during the period under review stood at Rs 1,238.5 crore as compared to Rs 1,092.86 crore in the same period last fiscal, Ceat Ltd said in a statement.Commenting on the results, Anant Goenka, Managing Director, Ceat Ltd said: "We have been able to post a good profit during the quarter primarily due a decline in rubber price and good growth in sales volumes". During the quarter, rubber prices came down by 78 per cent to around Rs 180 per kg, while the company's sales volume grew by 13 per cent, he added.
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