CIE Automotive India Limited reported an excellent consolidated performance for the first quarter of the 2026 calendar year. Driven by robust growth in the Indian market and favorable currency impacts in Europe, the company achieved consolidated revenue of ₹25,411 million, representing a 16% year-on-year increase. Despite geopolitical tensions, the company maintains a positive outlook, backed by margin recovery in European operations and strong automotive demand.
Financial Highlights
For the quarter ended March 31, 2026, CIE Automotive India delivered significant growth across its key financial metrics. Consolidated revenue reached ₹25,411 million, up 16% compared to the same quarter in the previous year. The consolidated EBITDA grew by 16% to ₹4,303 million, maintaining a healthy margin of 16.9%. Profit before tax (PBT) for the quarter stood at ₹3,278 million, a 20% improvement year-on-year.
Regional Performance Breakdown
The company’s operations in India continue to serve as a strong pillar, recording sales of ₹16,190 million, a 15% increase over Q1 CY2025. This growth was well-aligned with strong market demand in the light vehicle, two-wheeler, and tractor segments. Meanwhile, the European operations showed impressive resilience, with sales reaching ₹9,221 million, a 17% rise. This recovery in Europe is attributed to successful restructuring efforts implemented last year and a positive exchange rate impact.
Future Outlook and Strategic Developments
Looking ahead, CIE Automotive India maintains an optimistic perspective despite the uncertainties created by global geopolitical tensions. The company continues to focus on operational efficiency and market expansion. In a move to streamline its corporate structure, the Board has approved a proposal for the merger of its wholly owned subsidiary, CIE Aluminium Casting India Limited, into the main company, pending necessary regulatory approvals.
Dividend Update
The company remains committed to shareholder value, with the Board of Directors having recommended a final dividend of ₹7 per equity share (face value of ₹10 each) for the financial year ending December 31, 2025.
Source: BSE
