FY24Q4 Result Updates - CIE Automotive India Limited

1) Revenue from operations decreased 0.5% YoY while Gross Profit decreased by 4.8% YoY (Gross Margin contracted by 211 bps) 2) EBITDA decreased by 15.9% YoY (EBITDA Margin contracted by 272 bps) while PAT for the quarter decreased by 17.4% YoY (PAT Margin contracted by 194 bps) EBITDA Margin deterioration is attributable to the following factors (as a % of Revenue from Operations as compared to FY23Q4): - Employee benefit expenses increased by 0.6% - Other expenses increased by 1.8%