CIE Automotive India has announced robust financial results for Q3 and the first nine months of CY2026. The company reported a strong 18% year-on-year sales growth in India for Q3 and a consolidated PAT growth of 17% for the nine-month period. Despite margin pressures in India due to global conflicts, the company achieved improved margins in Europe and solid consolidated performance, driven by Indian business growth and European margin recovery.
CIE Automotive India Reports Strong Q3 and 9M CY2026 Results
CIE Automotive India has released its financial results for the third quarter (Q3) and the first nine months (9M) of the financial year 2026. The company has demonstrated significant growth across key financial metrics, reflecting a healthy performance in its Indian operations and a notable recovery in its European segment.
Q3 CY2026 Performance Highlights
In the third quarter of CY2026, CIE Automotive India achieved a 18% increase in sales compared to the same period last year, reaching INR 18,010 million. EBITDA also saw a growth of 11%, amounting to INR 2,940 million. However, the company noted margin pressures primarily in India due to price increases for raw materials, energy, and consumables, influenced by the conflict in West Asia.
The European segment, excluding Russia, experienced a 4% decrease in sales to INR 7,575 million. Despite this, margins improved significantly due to restructuring activities from the previous year.
Consolidated results for Q3 CY2026 showcased a 11% increase in sales to INR 25,585 million and an 11% rise in EBITDA to INR 4,178 million. The consolidated performance was described as solid, supported by Indian business growth and margin recovery in Europe.
9M CY2026 Performance Overview
For the first nine months of CY2026, Indian operations reported sales growth of 16% to INR 50,748 million. EBITDA for the nine months increased by 9% to INR 8,563 million. Margins in India were impacted by higher energy and raw material costs associated with the conflict in West Asia.
In Europe, sales grew by 7% to INR 25,679 million. The segment noted weak sales performance due to a stagnant European automotive market but achieved margin improvements from prior year restructuring actions.
On a consolidated basis for the 9M CY2026 period, sales grew by 12% to INR 76,427 million. EBITDA saw a significant 15% increase to INR 12,664 million. The consolidated PAT demonstrated strong growth of 17%, reaching INR 7,287 million.
Other Details
The financial statements also provide details on other operating income and other income for Q3 and 9M CY2026, along with exchange rates. The average exchange rate for Q3 CY2026 was ₹/€ 109.76.
Source: BSE
