Mahindra CIE Automotive Ltd Q1CY23 consolidated profit rises to Rs. 279.1 crores

Mahindra CIE Automotive Limited has reported Consolidated financial results for the period ended March 31, 2023.

Financial Results (Q1 CY2023) - QoQ Comparison

The company has reported total income of Rs. 2456.162 crores during the period ended March 31, 2023 as compared to Rs. 2271.230 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 279.1 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. -657.811 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 7.36 for the period ended March 31, 2023 as compared to Rs. -17.35 for the period ended December 31, 2022.

Financials	Q1 CY2023	Q4 CY2022	% Change
Total Income	₹2456.162 crs	₹2271.230 crs	8.14%
Net Profit	₹279.1 crs	₹-657.811 crs	142.43%
EPS	₹7.36	₹-17.35	142.42%

Financial Results (Q1 CY2023) - YoY Comparison

The company has reported total income of Rs.2456.162 crores during the period ended March 31, 2023 as compared to Rs.2071.558 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.279.1 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.161.4 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.7.36 for the period ended March 31, 2023 as compared to Rs.4.26 for the period ended March 31, 2022.

Financials	Q1 CY2023	Q1 CY2022	% Change
Total Income	₹2456.162 crs	₹2071.558 crs	18.57%
Net Profit	₹279.1 crs	₹161.4 crs	72.92%
EPS	₹7.36	₹4.26	72.77%

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs. 358.65 as compared to the previous close of Rs. 362.90. The total number of shares traded during the day was 29716 in over 1124 trades.

The stock hit an intraday high of Rs. 365.20 and intraday low of 354.20. The net turnover during the day was Rs. 10743153.00.

Source : Equity Bulls

Keywords

MahindraCIEAutomotive Q1CY23 ResultUpdate