CIE Automotive India, a subsidiary of Spain’s CIE Automotive group, reported an 11% year-on-year increase in revenue to ₹2,633 crore for the September quarter, compared with ₹2,372 crore in the year-ago period.
Net profit rose 14% to ₹244 crore from ₹214 crore a year earlier.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 5.1% year-on-year to ₹374 crore from ₹356 crore. However, the EBITDA margin contracted to 14.2% from 15% a year earlier.
The automotive components supplier said its consolidated performance was supported by growth in its Indian business and a recovery in European margins.
Sales in India grew 18% year-on-year. However, margins came under pressure from price increases linked to the conflict in West Asia, particularly in raw materials, energy and consumables.
In Europe, sales remained under pressure amid a stagnant market, but margins improved significantly from the year-ago period, supported by restructuring measures undertaken last year, the company said.
CIE Automotive India’s nine-month performance
For the first nine months of calendar year 2026, consolidated sales rose 12% year-on-year to ₹7,642.7 crore from ₹6,796.5 crore.
EBITDA increased 15% to ₹1,266.4 crore from ₹1,105.3 crore, while the EBITDA margin improved to 16.6% from 16.3%. Earnings before interest and taxes (EBIT) rose 17% to ₹982 crore from ₹842.7 crore.
NCLT approves application for subsidiary merger
In a separate development, CIE Automotive India said on September 25 that the Mumbai Bench of the National Company Law Tribunal (NCLT) had allowed its application related to the proposed merger of its wholly owned subsidiary, CIE Aluminium Casting India Ltd, with the company.
The tribunal passed the order on September 24, 2026, allowing the application subject to the directions set out in the order.
The company’s board had approved the merger scheme on April 23, 2026. The proposed merger involves the absorption of CIE Aluminium Casting India into CIE Automotive India under Sections 230 to 232 of the Companies Act, 2013.
CIE Automotive India share price
CIE Automotive India shares closed 1.77% lower at ₹363 on October 22, ahead of the September-quarter earnings announcement. The stock fell ₹6.55 during the session.
The shares are down 16.37%, or ₹71.05, year-to-date.
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