CIE Automotive India Ltd's Q3FY25 Quarter Results
- 21 Feb 2025
Result Summary
- CIE Automotive India Ltd reported a 0.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.4%.
- Its expenses for the quarter were up by 0.4% QoQ and down 5.6% YoY.
- The net profit decreased 5.3% QoQ and increased 9.5% YoY.
- The earnings per share (EPS) of CIE Automotive India Ltd stood at 4.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2143.53 | 2158.89 | 2266.90 | -0.7% | -5.4% |
Total Expenses | 1909.09 | 1900.81 | 2021.40 | 0.4% | -5.6% |
Profit Before Tax | 234.44 | 258.08 | 245.50 | -9.2% | -4.5% |
Tax | 55.22 | 65.26 | 68.16 | -15.4% | -19.0% |
Profit After Tax | 184.98 | 195.23 | 168.94 | -5.3% | 9.5% |
Earnings Per Share | 4.90 | 5.10 | 4.50 | -3.9% | 8.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
CIE Automotive India Ltd is a subsidiary of the global automotive components supplier, CIE Automotive, based in Spain. The company operates within the automotive industry, supplying a wide range of components used in the manufacturing of vehicles. Its product portfolio typically includes items such as forgings, stampings, aluminum castings, machining, and plastic parts. As of the last known update, CIE Automotive had been engaged in efforts to expand its market presence and improve its operational efficiencies, although specific recent developments for the Indian subsidiary are not detailed in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), CIE Automotive India Ltd reported a total income of ₹2143.53 crores. This represents a slight quarter-over-quarter (QoQ) decline of 0.7% compared to the previous quarter (Q2FY25), where the total income was ₹2158.89 crores. When compared to the same period in the previous fiscal year (Q3FY24), the total income decreased by 5.4% from ₹2266.90 crores. These figures highlight a downward trend in revenue on both a quarterly and annual basis, suggesting fluctuations in the company’s revenue stream over the observed periods.
Profitability
The company’s profitability metrics for Q3FY25 reveal a profit before tax of ₹234.44 crores, which marks a 9.2% decrease QoQ from ₹258.08 crores in Q2FY25. Year-over-year (YoY), there is a 4.5% decrease from ₹245.50 crores in Q3FY24. The tax expense for Q3FY25 was ₹55.22 crores, showing a reduction of 15.4% QoQ and 19.0% YoY. Despite these reductions, the profit after tax for Q3FY25 amounted to ₹184.98 crores, reflecting a 5.3% QoQ decrease from Q2FY25's ₹195.23 crores but a 9.5% increase YoY from ₹168.94 crores in Q3FY24. Earnings per share (EPS) for the current quarter stood at ₹4.90, a decline of 3.9% from the previous quarter and an increase of 8.9% from the same quarter last year.
Operating Metrics
Analyzing the operating metrics, the total expenses for Q3FY25 were reported at ₹1909.09 crores, which indicates a slight increase of 0.4% QoQ from ₹1900.81 crores in Q2FY25. Compared to Q3FY24, there was a decrease of 5.6% from ₹2021.40 crores. These figures suggest that while expenses have slightly increased on a quarterly basis, there is a reduction on an annual basis. The financial data displays a consistent trend where the company’s total expenses are closely aligned with its income, maintaining a relatively stable margin despite the variations in total income and profit figures.
