CIE Automotive India Ltd Q3 CY2023 consolidated PAT jumps to Rs. 375.41 crores

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

Financial Results (Q3 CY2023) - QoQ Comparison

The company has reported total income of Rs. 2299.426 crores during the period ended September 30, 2023 as compared to Rs. 2339.874 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 375.416 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 301.675 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 9.90 for the period ended September 30, 2023 as compared to Rs. 7.95 for the period ended June 30, 2023.

Financials	Q3 CY2023	Q2 CY2023	% Change
Total Income	₹ 2299.426 crs	₹2339.874 crs	-1.73%
Net Profit	₹375.416 crs	₹301.675 crs	24.44%
EPS	₹9.90	₹7.95	24.53%

Financial Results (Q3 CY2023) - YoY Comparison

The company has reported total income of Rs. 2299.426 crores during the period ended September 30, 2023 as compared to Rs.2242.799 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.375.416 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.171.367 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.9.90 for the period ended September 30, 2023 as compared to Rs.4.52 for the period ended September 30, 2022.

Financials	Q3 CY2023	Q3 CY2022	% Change
Total Income	₹ 2299.426 crs	₹2242.799 crs	2.52%
Net Profit	₹375.416 crs	₹171.367 crs	119.07%
EPS	₹9.90	₹4.52	119.03%

Financial Results (9 Months Ended CY2023) - YoY Comparison

The company has reported total income of Rs.7095.462 crores during the 9 Months period ended September 30, 2023 as compared to Rs.6540.095 crores during the 9 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.956.213 crores for the 9 Months period ended September 30, 2023 as against net profit / (loss) of Rs.521.645 crores for the 9 Months period ended September 30, 2022.

The company has reported EPS of Rs.25.21 for the 9 Months period ended September 30, 2023 as compared to Rs.13.76 for the 9 Months period ended September 30, 2022.

Financials	9 Months Ended CY2023	9 Months Ended CY2022	% Change
Total Income	₹7095.462 crs	₹6540.095 crs	8.49%
Net Profit	₹956.213 crs	₹521.645 crs	83.31%
EPS	₹25.21	₹13.76	83.21%

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs. 493.40 as compared to the previous close of Rs. 476.55. The total number of shares traded during the day was 55571 in over 2358 trades.

The stock hit an intraday high of Rs. 495.00 and intraday low of 478.15. The net turnover during the day was Rs. 27135131.00.

Source : Equity Bulls

Keywords

CIEAutomotiveIndia Q3CFY23 9MCY23 ResultUpdate