CIE Automotive India Limited Earnings Summary — Q4 FY2026
CIE Automotive India Reports Record Quarterly Results with 16% YoY Consolidated Sales Growth
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 7 consecutive quarters.
- Revenue of ₹2,621 Cr is 10.6% higher year-on-year.
- Revenue has compounded at 3.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹236 Cr is 15.8% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 1.0% annualised across the period.
- Operating margin stands at 14.9% in Q1 FY2027.
- Operating margin expanded by 65 bps year-on-year.
- Over the last two years operating margin has contracted by 83 bps.
- PBT margin is 11.9%.
- Expense growth of 9.8% remained below revenue growth of 10.6%.
- Operating profit of ₹390 Cr is 15.7% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 69/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 2,621 | 2,612 | 2,393 | 2,372 | 2,369 | 2,273 | 2,110 | 2,135 | 2,293 | 2,427 |
| Expenses | Stable | 2,231 | 2,210 | 2,058 | 2,016 | 2,032 | 1,937 | 1,811 | 1,804 | 1,933 | 2,066 |
| Operating Profit | Stable | 390 | 402 | 335 | 356 | 337 | 335 | 299 | 331 | 360 | 361 |
| Operating Margin | Stable | 14.9% | 15.4% | 14.0% | 15.0% | 14.2% | 14.8% | 14.2% | 15.5% | 15.7% | 14.9% |
| Other Income | Stable | 31 | 31 | 28 | 20 | 23 | 37 | 40 | 27 | 32 | 52 |
| Interest | Volatile | 10 | 9 | 9 | 4 | 2 | 13 | 18 | 17 | 21 | 22 |
| Depreciation | Stable | 97 | 94 | 96 | 89 | 87 | 86 | 81 | 80 | 84 | 86 |
| Profit Before Tax | Stable | 313 | 329 | 259 | 283 | 271 | 273 | 240 | 260 | 287 | 304 |
| Tax | Stable | 78 | 80 | 54 | 69 | 68 | 67 | 55 | 65 | 70 | 74 |
| Net Profit | Stable | 236 | 249 | 204 | 214 | 204 | 206 | 185 | 195 | 217 | 230 |
| Net Margin | Stable | 9.0% | 9.6% | 8.5% | 9.0% | 8.6% | 9.1% | 8.8% | 9.2% | 9.5% | 9.5% |
Key Takeaways
- CIE India recorded its highest absolute quarterly consolidated sales and EBITDA in company history.
- India operations revenue grew 15% YoY to INR 16.2 billion, supported by a strong domestic automotive market despite export softness.
- European revenue rose 17% YoY to INR 9.2 billion, primarily driven by favorable exchange rates while volumes remained stable.
- The board approved the merger of its wholly-owned subsidiary CIE Aluminium Casting India Limited into the parent company.
- EBITDA margins in Europe improved to 15.7% following successful restructuring activities completed in CY 2025.
- Consolidated PAT rose 21% YoY to INR 2,494 million, reflecting strong operational performance across both key geographies.
- Management noted margin pressures in India from energy tariff hikes and gas cost increases due to West Asian geopolitical tensions.
Management Guidance
Management expects positive growth momentum in India to continue, supported by a healthy order book including new EV projects. While the European light vehicle market is forecasted to be slightly negative, management remains confident in maintaining stable margins and consolidating market share. New export orders are expected to ramp up starting in Q2 CY2026.
Sentiment Shift
Improving
The company has demonstrated resilience by achieving record absolute performance and margin recovery in Europe through restructuring, successfully navigating geopolitical headwinds and input cost volatility.
Outlook
The outlook remains positive with a focus on EV sector growth (accounting for 11% of new orders) and capacity expansion across all verticals. Risks include potential supply chain disruptions and inflationary pressures on aluminum and energy costs if geopolitical tensions in the Middle East persist.
From the Annual Report (Key Quotes)
“We have recorded the highest absolute quarterly consolidated sales and consolidated EBITDA in our history.”
“The Indian automotive market remains strong, though there are uncertainties created by the war in West Asia.”
“Margin recovery [in Europe] is due to the restructuring activities done in CY '25, which we had highlighted in our previous calls.”
Official Quarterly Documents
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This summary is AI-generated from CIE Automotive India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.