CIEINDIA

CIE Automotive India has reported disappointing financial results for the quarter ending December 2024, with significant declines across key performance metrics. The company's Profit Before Tax less Other Income (PBT) stood at Rs 194.70 crore, reflecting a year-on-year decrease of 14.16%. This marks the lowest PBT recorded in the last five quarters, indicating a concerning trend in profitability. Net sales for the quarter were reported at Rs 2,109.95 crore, also the lowest in five quarters, and showed a year-on-year decline of 5.82%. This downturn in sales further emphasizes the negative trajectory the company is experiencing. Additionally, the Operating Profit (PBDIT) fell to Rs 299.27 crore, representing the lowest figure in the same timeframe, while the Operating Profit Margin decreased to 14.18%, highlighting a deterioration in operational efficiency. Overall, CIE Automotive's financial performance for the December 2024 quarter reflects a challenging environment, with multiple indicators pointing to a negative trend in both sales and profitability.