CIE Automotive India Reports Declining Financial Performance Amid Operational Challenges in December 2024

Feb 21 2025 08:15 AM IST
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CIE Automotive India has reported its financial results for the quarter ending December 2024, revealing challenges in profitability and operational efficiency. The company experienced a decline in Profit Before Tax, net sales, and operating profit, indicating ongoing difficulties in the current market environment.
CIE Automotive India has recently reported its financial results for the quarter ending December 2024, revealing notable challenges within its operations. The company, which operates in the Castings/Forgings industry, has experienced a decline in its overall score, reflecting adjustments in its evaluation over the past three months.

The financial data indicates that the Profit Before Tax less Other Income (PBT) stands at Rs 194.70 crore, marking a significant year-on-year decline of 14.16%. This trend suggests ongoing difficulties in maintaining profitability. Additionally, net sales have reached Rs 2,109.95 crore, which is the lowest figure recorded in the last five quarters, and reflects a year-on-year decrease of 5.82%.

Operating profit has also seen a downturn, with the latest figure at Rs 299.27 crore, the lowest in the same five-quarter period. The operating profit margin has contracted to 14.18%, indicating a decline in the company's operational efficiency. These results highlight the challenges CIE Automotive India faces in the current market environment.

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