CIE Automotive India posts mixed Q3 as strong India growth offsets Europe

CIE Automotive India Limited reported its Q3 CY2025 consolidated sales at €23,097 million, a 12% increase from the previous year, with a corresponding 6% rise in EBITDA to €3,748 million. For the nine months ending September 2025, consolidated sales reached €67,965 million, up 3%, while EBITDA saw a 5% decline to €11,053 million. This performance reflects strong growth in Indian operations, which was offset by challenges in the European market.

Indian operations for Q3 CY2025 showed sales of €15,232 million, an increase of 9%, and EBITDA of €2,642 million, up 5%. However, European operations experienced a mixed quarter, with sales up 18% to €7,866 million but EBITDA only increasing by 7% to €1,106 million. The decline in Europe's 9M CY2025 results, with sales down 3% to €24,030 million and EBITDA down 18% to €3,231 million, was primarily attributed to a weak European forging market and the uncertainty of EVs, alongside restructuring costs in Metalcastello.

The board of directors also reaffirmed its previously recommended final dividend of INR 7.00 per equity share for the financial year ending December 31, 2024, which was paid in Q2 CY2025. These results were reviewed by the audit committee and approved by the board on October 16, 2025.