CIE Automotive India Ltd Q1 CY2024 consolidated profit at Rs. 230.47 crores

Mahindra CIE Automotive Limited has reported Consolidated financial results for the period ended March 31, 2024.

Financial Results (Q1 CY2024) - QoQ Comparison

The company has reported total income of Rs. 2478.115 crores during the period ended March 31, 2024 as compared to Rs. 2266.897 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 230.478 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 168.936 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 6.08 for the period ended March 31, 2024 as compared to Rs. 4.45 for the period ended December 31, 2023.

Financials	Q1 CY2024	Q4 CY2023	% Change
Total Income	₹2478.115 crs	₹2266.897 crs	9.32%
Net Profit	₹230.478 crs	₹168.936 crs	36.43%
EPS	₹6.08	₹4.45	36.63%

Financial Results (Q1 CY2024) - YoY Comparison

The company has reported total income of Rs.2478.115 crores during the period ended March 31, 2024 as compared to Rs.2456.162 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.230.478 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.279.122 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.6.08 for the period ended March 31, 2024 as compared to Rs.7.36 for the period ended March 31, 2023.

Financials	Q1 CY2024	Q1 CY2023	% Change
Total Income	₹2478.115 crs	₹2456.162 crs	0.89%
Net Profit	₹230.478 crs	₹279.122 crs	-17.43%
EPS	₹6.08	₹7.36	-17.39%

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs. 490.50 as compared to the previous close of Rs. 486.60. The total number of shares traded during the day was 17821 in over 1046 trades.

The stock hit an intraday high of Rs. 492.30 and intraday low of 478.10. The net turnover during the day was Rs. 8617787.00.

Source : Equity Bulls

Keywords

CIEAutomotiveIndia Q1CY2024 ResultUpdate