Mahindra CIE Automotive Ltd posts Q1CY21 consolidated PAT of Rs. 10.09 crore

Mahindra CIE Automotive Limited has reported financial results for the period ended March 31, 2021.

Financial Results (Q1 CY2021) - QoQ Comparison

The company has reported total income of Rs.2208.75 crores during the period ended March 31, 2021 (Q1 CY2021) as compared to Rs.1965.08 crores during the period ended December 31, 2020 (Q4 CY2020).

The company has posted net profit of Rs.10.09 crores for the period ended March 31, 2021 as against Rs.111.66 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.0.27 for the period ended March 31, 2021 as compared to Rs.2.94 for the period ended December 31, 2020.

Financials	Q1 CY2021	Q4 CY2020	% Change
Total Income	₹ 2208.75 crs	₹ 1965.08 crs	12.4%
Net Profit	₹ 10.09 crs	₹ 111.66 crs	-90.96%
EPS	₹ 0.27	₹ 2.94	-90.82%

Financial Results (Q1 CY2021) - YoY Comparison

The company has reported total income of Rs.2208.75 crores during the period ended March 31, 2021 (Q1 CY2021) as compared to Rs.1667.59 crores during the period ended March 31, 2019 (Q1 CY2020).

The company has posted net profit of Rs.10.09 crores for the period ended March 31, 2021 as against Rs.62.68 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.27 for the period ended March 31, 2021 as compared to Rs.1.65 for the period ended March 31, 2019.

Financials	Q1 CY2021	Q1 CY2020	% Change
Total Income	₹ 2208.75 crs	₹ 1667.59 crs	32.45%
Net Profit	₹ 10.09 crs	₹ 62.68 crs	-83.9%
EPS	₹ 0.27	₹ 1.65	-83.64%

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs.174.1 as compared to the previous close of Rs. 164.55. The total number of shares traded during the day was 89551 in over 1846 trades.

The stock hit an intraday high of Rs. 179.45 and intraday low of 165.8. The net turnover during the day was Rs. 15570621.

Source : Equity Bulls

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