CIE Automotive Q4 Results: Profit up 21%, margin expands; dividend declared

About this update from Cie Automotive India Ltd

CIE Automotive India reported a steady March quarter performance, with net profit rising 20.84% year-on-year to ₹249.3 crore, supported by broad-based growth across its operations.Revenue for the quarter grew 14.9% to ₹2,611.9 crore, largely in line with overall automotive industry trends. EBITDA rose 7% to ₹401.8 crore, while margins expanded to 15.4% from 14.8% a year ago, reflecting the impact of restructuring measures undertaken last year.The company noted that margins were partly affected by higher energy, gas and material costs, driven by geopolitical tensions linked to the Iran situation. Despite these pressures, it highlighted a recovery in profitability, aided by operational efficiencies and a favourable currency impact, particularly in its European business.CIE Automotive added that the automotive market remains strong, although uncertainty persists due to the ongoing geopolitical situation. It said near-term demand signals remain optimistic, but cautioned that volatility linked to global developments could continue to influence performance.\The board has recommended a final dividend of ₹7 per share for the financial year.Shares of the company had ended at ₹469.30 on the NSE ahead of the earnings announcement.

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