top of page

Values in Rs. in  Crores

CIE Automotive India Sep 23 Year on Year Revenue Decreases Sharply by 16.3% to Rs.2279 Crore and Year on Year Profit zooms by 9.5% to Rs.187 Crore. Quarter to Quarter Revenue Slip by 1.8% and Q to Q Profit drastically reduces by 38.0%

00:00 / 03:35
download (4).png

Revenue Analysis:

CIE Automotive India, has reported a revenue of Rs. 2279 Crore, which has turndowns by 1.8% as compared to previous quarter revenue of Rs. 2320 Crore. As compared to revenue of September-22, there is a plunge by -16.3% from Rs. 2723 Crore. to Rs. 2279 Crore.


Segment Revenue and Analysis

The Major Segments have been, Europe and India. The share of each major segments are Europe : 744 Crore [32.6%] and India : 1537 Crore [67.4%].


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has surge by 9.5% to Rs.187 Crore from Rs. 171 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has turndowns by 38.0% to Rs.187 Crore from Rs. 302 Crore. Net Profit % of the Company has remained at 8.2% compared to 13.0% in previous quarter and 6.3% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 15.2% from 16.0% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

a) Cost of Sales has crosses to 54.7% (Previous Quarter: 52.1%). Cost of Sales in absolute terms has grown from Rs. 1208 Crore to 1247 Crore.

b) Employee Cost has shrinks to 10.2% (Previous Quarter: 11.1%). Employee Cost in exact value has dwindle from Rs. 257 Crore to 232 Crore.

c) Other Expenses has slip to 20.0% (Previous Quarter: 20.9%). Other Expenses slides from Rs. 485 Crore to 455 Crore.


The finance cost has flies from Rs. 22.08 Crore to 30.97 Crore by 40.3%.


Key Matrix:

Price to Earning (PE) ratio of the company is 197.4 as compared to the Industry PE of 46.6. High PE signifies that there can be scope of correction in prices in future, unless market estimates high growth in the company.


Share Price Movement:

The Return on Share Prices were -0.3% in past one month, -5.8% in 3 months, 32.4% in 6 months, 58.2% in 12 months, 87.6% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has turndowns by 1.8%. Gross Margin has slides from 47.9% to 45.3%. EBITDA Margin has nearly remains regular to 15.2% from 16.0%. and Net Profit After Tax Margin has turndowns to 8.2% from 13.0%.

The Brief of Quarterly Results is as follows:

CIE Automotive India Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
2279.4
2320.3
2440.2
2246.8
Cost of Goods Sold
1246.9
1208
1293.8
1191.3
Employee Cost
232.1
257.2
259.9
236.5
Other Expenses
454.9
484.7
505.8
526.7
EBITDA
345.5
370.4
380.6
292.4
Depreciation
78.3
83.3
82.5
76.7
Interest Expense
31
22.1
24
7.9
Other Income
20
19.5
16
24.4
Profit B4 Excep. Items
256.2
284.6
290.1
232.1
Exception Items
0
-125.6
-74.3
808.6
Net Profit Before Tax
256.2
410.2
364.4
-576.5
Taxes
69.1
108.5
85.3
81.3
Net Profit After Tax
187.1
301.7
279.1
-657.8
Gross Margin %
45.30%
47.90%
47.00%
47.00%
Employee Cost %
10.20%
11.10%
10.70%
10.50%
Other Expense Cost %
20.00%
20.90%
20.70%
23.40%
EBITDA %
15.20%
16.00%
15.60%
13.00%
Net Profit After Tax %
8.20%
13.00%
11.40%
-29.30%

Blue Dart Sep 23 Revenue as compared to Sep,22 Nearly Maintains by 0.1% to Rs.1324 Crore and Year on Year Profit turndowns by 22.0% to Rs.73 Crore. Quarter to Quarter Revenue Surge by 7.0% and Q to Q Profit increases sharply by 19.2%

00:00 / 03:44

Reliance Sep 23 Revenue as compared to Sep,22 Nearly Maintains by 0.9% to Rs.234956 Crore and Year on Year Profit flies by 28.2% to Rs.19878 Crore. Quarter to Quarter Revenue Surge by 11.4% and Q to Q Profit grown by 8.9%

00:00 / 03:57

JUBILANT PHARMOVA Sep 23 Revenue as compared to Sep,22 Zooms by 5.1% to Rs.1680 Crore and Year on Year Profit zooms by 1162.2% to Rs.62 Crore. Quarter to Quarter Revenue Zooms by 5.9% and Q to Q Profit spikes by 935.0%

00:00 / 04:24

Cipla Sep'23 Revenue as compared to Sep'22 Zooms by 14.6% to Rs.6678 Crore and Year on Year Profit zooms by 44.8% to Rs.1155 Crore. Quarter to Quarter Revenue Balloons by 16.4% and Q to Q Profit spikes by 121.4%

00:00 / 04:07

Maruti Suzuki Sep 23 Revenue as compared to Sep,22 Jumps by 23.8% to Rs.37073 Crore and Year on Year Profit flies by 78.2% to Rs.3764 Crore. Quarter to Quarter Revenue Surge by 14.6% and Q to Q Profit increases sharply by 49.1%

00:00 / 04:10
bottom of page