CIE Automotive India Q2 Results Live : profit falls by 28.13% YOY

CIE Automotive India Q2 Results Live : CIE Automotive India declared their Q2 results on 18 Jul, 2024. The topline decreased by 1.19% & the profit decreased by 28.13% YoY.

Compared to the previous quarter, the revenue declined by 5.53% and the profit decreased by 5.92%.

The Selling, general & administrative expenses rose by 2.22% q-o-q & increased by 3.93% Y-o-Y.

The operating income was up by 0.79% q-o-q & decreased by 3.76% Y-o-Y.

The EPS is ₹5.71 for Q2 which increased by 1.42% Y-o-Y.

CIE Automotive India has delivered 0.81% return in the last 1 week, 22.88% return in the last 6 months and 28.88% YTD return.

Currently, CIE Automotive India has a market cap of ₹23014.02 Cr and 52wk high/low of ₹622.4 & ₹406.8 respectively.

As of 20 Jul, 2024, out of 5 analysts covering the company, 2 analysts have given Buy rating & 3 analysts have given Strong Buy rating.

The consensus recommendation as of 20 Jul, 2024, was to Strong Buy.