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CIE India Revenue Soars 11% Amidst Global Headwinds
22 Oct
Summary
- CIE India's Q3 revenue increased by 11% to ₹2,633 crore.
- Net profit for the quarter saw a 14% rise, reaching ₹244 crore.
- Company benefited from 18% sales growth in India and European margin recovery.
CIE Automotive India, a subsidiary of Spain's CIE Automotive, announced an 11% year-on-year revenue increase for the September quarter, reaching ₹2,633 crore. Net profit grew by 14% to ₹244 crore compared to the previous year. The company's consolidated performance was positively impacted by strong sales growth in its Indian operations, which saw an 18% increase.
Despite facing margin pressures due to rising costs of raw materials, energy, and consumables, the company's restructuring efforts in Europe led to improved profit margins. For the first nine months of 2026, sales rose 12% to ₹7,642.7 crore, with EBITDA increasing by 15%.
In a separate development, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved the proposed merger of its wholly owned subsidiary, CIE Aluminium Casting India Ltd, with CIE Automotive India. This merger was approved by the company's board on April 23, 2026.
