CIE Automotive India (CIEINDIA) reported strong Q1 CY2026 consolidated performance.
Revenue rose 16% YoY to ₹2,541.1 Cr, and EBITDA also grew 16% YoY to ₹430.3 Cr. **Business Performance:** India operations saw 15% sales growth (₹1,619 Cr), driven by robust demand in 2-wheelers (+20.7%), Tractors (+37.3%), and MHCVs (+25%). Europe sales increased 17% (₹922.1 Cr), boosted by favorable exchange rates and restructuring efforts.
India's margins were slightly impacted by higher energy/material costs. **Growth Drivers or Strategy:** The company is leveraging a strong automotive market in India and benefiting from past restructuring activities in Europe to recover margins.
A proposed merger of its wholly-owned subsidiary, CIE Aluminium Casting India Limited, aims to further streamline operations. **Recent Developments:** The Board has proposed a final dividend of ₹7 per equity share for FY2025. **Key Financial Metrics:** Consolidated Profit After Tax (PAT) jumped 20.8% YoY to ₹249.37 Cr, with Earnings Per Share (EPS) at ₹6.57. **Management Commentary / Outlook:** Management is optimistic about the near future, citing strong market signals, but acknowledges ongoing geopolitical tensions as a source of uncertainty.
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