CIE Automotive Q1CY24 Results: Consolidated PAT Rises to Rs. 301.67 Cr

CIE Automotive Q1CY24 Results: Consolidated PAT Rises to Rs. 301.67 Cr

CIE Automotive Q1 results show revenue fell from 2456.16 crores to 2339.87 crores, a -4.73% decrease in growth. EPS rise from ₹7.36 to ₹7.95, up by 8.02%.

First, Let’s Begin with Quarter-on-Quarter Basis:

CIE Automotive shared its Q1 results on Tuesday. They earned 2339.87 crores in revenue this quarter, but that’s less than the 2456.16 crores they made last quarter. Unfortunately, the company’s growth decreased by -4.73 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 301.67 crores, up from 279.12 crores in the previous quarter. Their quarter-to-quarter growth increased by 8.08 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹7.95, which is an increase of 8.02% from the ₹7.36 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2339.87 crores this year (2023), which is 5.12 percent higher than last year’s total revenue of 2225.93 crores.

This year’s PAT (Profit After Tax) is 301.67 crores, which is also 59.74% higher than last year’s PAT of 188.85 crores.

The EPS (Earnings Per Share) for this year is ₹7.95, which is 59.64% more than the EPS of ₹4.98 earned last year.

Also Read: ICICI Prudential Life Q1FY24 Results: Consolidated PAT Drops to Rs. 206.19 Cr

CIE Automotive Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About CIE Automotive :

CIE India is a diversified business operating across multiple locations and technologies. With engineering capabilities and manufacturing facilities in India, Spain, Lithuania, Italy, and Mexico, CIE India has established a strong presence in each of these regions. The company supplies automotive components to customers both domestically and internationally.

Download the Full PDF of CIE Automotive Q1 Results: Click Here

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