CIE AUTOMOTIVE INDIA LTD

CIE Automotive India Limited reported a 13% year-on-year increase in sales for Q2 CY26, reaching INR 16.5 billion, driven by robust market demand. However, management noted a potential gradual slowdown in growth due to tapering GST cuts and adverse effects from a below-normal monsoon season. The EBITDA margin for Indian operations was 16.7%, down from 17.5% in Q2 CY25, impacted by price inflation from the West Asia conflict. The European operations saw a 7% year-on-year sales increase to INR 8.9 billion, with an EBITDA margin of 15.9%. Consolidated sales for Q2 CY26 were INR 25.4 billion, an 11% increase, with EBITDA growing by 17% year-on-year. Management highlighted ongoing restructuring efforts and new orders, particularly in the iron foundry and gears segments, while also addressing challenges in exports and specific OEM performance. The company remains focused on maintaining growth and profitability despite market fluctuations.

Management reported both growth and challenges in performance across segments.