FilingReader Intelligence

CIE Automotive India sales up, Europe faces headwinds

May 12, 2025 at 07:47 AM UTCBy FilingReader AI

CIE Automotive India reported a 3% increase in sales to INR 14,113 million for Q1 CY2025, driven by its India operations, though offset by declining European business and lower steel prices. The company's EBITDA remained largely flat at INR 2,628 million, with margin improvements noted in India, reaching 18.6% including a one-time subsidy. In Europe, sales fell by 19% to INR 7,849 million due to market slowdowns, with EBITDA at INR 1,088 million. Consolidated results showed a 6% dip in sales to INR 21,961 million and a 10% decrease in EBITDA to INR 3,716 million. CIE Automotive is focusing on securing new orders, particularly from anchor customers, and improving operational efficiencies, with a renewed focus on growth in India alongside restructuring efforts in Europe. The company holds a strong order book, with new orders allocation exceeding internal targets in Q1 CY2025, and is actively pursuing M&A opportunities to enhance its technological presence.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:CIEINDIABombay Stock Exchange

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