CIE Automotive India Q1 Results Live : profit falls by 17.43% YOY

CIE Automotive India Q1 Results Live : CIE Automotive India announced their Q1 results on 02 May, 2024, with a decrease of 0.55% in revenue and a 17.43% decline in profit compared to the same period last year.

However, there was a positive growth compared to the previous quarter, with an 8.32% increase in revenue and a significant 36.43% rise in profit.

The company witnessed a 6.7% increase in Selling, general & administrative expenses quarter-on-quarter and a 0.62% rise year-on-year.

Operating income showed a positive trend with a 9.98% increase quarter-on-quarter, but a decline of 8.02% year-on-year.

The Earnings Per Share (EPS) for Q1 stood at ₹6.07, reflecting a 4.6% growth year-on-year.

In terms of market performance, CIE Automotive India delivered a -0.02% return in the last week, 3.98% return in the last 6 months, and 3.45% Year-to-Date (YTD) return.

As of 04 May, 2024, the company has a market capitalization of ₹18473.05 Cr with a 52-week high/low of ₹579.75 & ₹406.8 respectively.

Analysts covering the company have provided varying ratings, with 1 analyst suggesting a Hold rating, 2 analysts recommending Buy, and 2 analysts favoring Strong Buy.

The consensus recommendation as of 04 May, 2024, leans towards a Buy rating for CIE Automotive India.