CIE Automotive India Q2 Results: Profit rises 9.6% YoY on strong revenue growth; margins ease

CIE Automotive India Ltd

on Thursday reported a 9.6% rise in net profit for the quarter ended September 30, supported by double-digit revenue growth, even as operating margins saw a slight contraction.

The auto components maker posted a net profit of ₹214 crore for the second quarter of fiscal 2025, compared with ₹195 crore a year earlier.

Revenue from operations rose 11.1% year-on-year to ₹2,371.8 crore, up from ₹2,134.6 crore in the same period last year.

EBITDA for the quarter rose 7.6% to ₹355 crore from ₹330 crore a year earlier.

However, EBITDA margin narrowed to 15.0% from 15.5% in the year-ago period, indicating some pressure on operating efficiencies or input costs.

CIE Automotive, which supplies forged, machined, and assembled components to passenger vehicle and commercial vehicle manufacturers, has seen consistent growth over the past few quarters, benefiting from improved vehicle production volumes and a steady recovery in global automotive demand.

India’s auto sector has remained resilient despite concerns over inflation and interest rates, with original equipment manufacturers (OEMs) reporting strong festival season orders and inventory build-ups. Component manufacturers like CIE have benefitted from this momentum, though raw material costs and global supply chain shifts remain key watchpoints.

CIE Automotive India is a subsidiary of Spain’s CIE Automotive S.A. The Indian unit contributes a significant portion to the parent company's emerging markets portfolio.

Shares of CIE Automotive India ended 2.4% higher at ₹426.20 on the National Stock Exchange ahead of the results announcement.