CIE Automotive India (532756) Q1 2026 earnings summary

Executive summary

• Q1 CY 2026 consolidated sales reached INR 26,119.52 million, up 16% year-over-year, with record EBITDA and EBIT; India operations grew 15% to INR 16,635.32 million, and Europe sales rose 17% to INR 9,485.32 million, aided by favorable exchange rates.

• Standalone revenue for Q1 CY 2026 was INR 13,320 million, with standalone profit after tax at INR 2,337.25 million.

• Consolidated profit after tax was INR 2,493.66 million, up from INR 2,043.05 million year-over-year.

• Board recommended a final dividend of INR 7 per equity share for FY 2025.

• Market outlook remains positive but is tempered by geopolitical uncertainties and energy/material cost pressures.

Financial highlights

• Consolidated EBITDA for Q1 CY 2026 was INR 4,303 million (16.9% margin), EBIT INR 3,400 million (13.2% margin), and profit before tax INR 3,278 million (+20% YoY).

• Net profit attributable to owners was INR 2,494 million, with consolidated EPS at INR 6.57 (basic and diluted).

• Standalone total income for Q1 CY 2026 was INR 14,416.52 million; consolidated total income was INR 26,402.69 million.

• Consolidated total comprehensive income for Q1 CY 2026 was INR 3,118.14 million, up from INR 2,387.25 million in Q1 2025.

• India EBITDA margin was 17.6% (down YoY), Europe EBITDA margin improved to 15.7% from 13.9% YoY.

Outlook and guidance

• Management expects continued growth momentum in India, supported by new orders and capacity additions across all verticals.

• Export growth is anticipated to recover from Q2 onwards as new projects ramp up.

• European market expected to remain stable with slight negative growth; company aims to maintain or improve margins post-restructuring.

• CapEx in India projected at INR 4-5 billion for the year, focused on expanding forging, stamping, and casting capacities.

• Board approved a restructuring proposal to merge CIE Aluminium Casting India Limited into the parent, pending regulatory approvals.