Mahindra CIE Automotive Ltd Q2CY22 consolidated PAT rises to Rs. 188.85 crores

Mahindra CIE Automotive Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q2 CY2023) - QoQ Comparison

The company has reported total income of Rs. 2742.862 crores during the period ended June 30, 2023 as compared to Rs. 2599.105 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 188.850 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 161.428 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.98 for the period ended June 30, 2023 as compared to Rs. 4.26 for the period ended March 31, 2023.

Financials	Q2 CY2023	Q1 CY2023	% Change
Total Income	₹ 2742.862 crs	₹2599.105 crs	5.53%
Net Profit	₹188.850 crs	₹161.428 crs	16.99%
EPS	₹4.98	₹4.26	16.90%

Financial Results (Q2 CY2023) - YoY Comparison

The company has reported total income of Rs. 2742.862 crores during the period ended June 30, 2023 as compared to Rs.2054.038 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.188.850 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.136.198 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.98 for the period ended June 30, 2023 as compared to Rs.3.59 for the period ended June 30, 2022.

Financials	Q2 CY2023	Q2 CY2022	% Change
Total Income	₹ 2742.862 crs	₹2054.038 crs	33.54%
Net Profit	₹188.850 crs	₹136.198 crs	38.66%
EPS	₹4.98	₹3.59	38.72%

Financial Results (Half Year Ended CY2023) - YoY Comparison

The company has reported total income of Rs.5341.967 crores during the 6 Months period ended June 30, 2023 as compared to Rs.4262.796 crores during the 6 Months period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.350.278 crores for the 6 Months period ended June 30, 2023 as against net profit / (loss) of Rs.146.292 crores for the 6 Months period ended June 30, 2022.

The company has reported EPS of Rs.9.24 for the 6 Months period ended June 30, 2023 as compared to Rs.3.86 for the 6 Months period ended June 30, 2022.

Financials	Half Year Ended CY2023	Half Year Ended CY2022	% Change
Total Income	₹5341.967 crs	₹4262.796 crs	25.32%
Net Profit	₹350.278 crs	₹146.292 crs	139.44%
EPS	₹9.24	₹3.86	139.38%

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs. 248.50 as compared to the previous close of Rs. 248.70. The total number of shares traded during the day was 56597 in over 1654 trades.

The stock hit an intraday high of Rs. 254.55 and intraday low of 245.75. The net turnover during the day was Rs. 14215589.00.

Source : Equity Bulls

Keywords

MahindraCIEAutomotive Q2CY22 H1CY22 ResultUpdate