Company Description:
Mahindra CIE Automotive Limited is a subsidiary of CIE Automotive S.A, Spain. Mahindra Vehicle Manufacturing Ltd. is also a significant shareholder in the company. The company is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas.
Financial Results:
CIE Automotive India Ltd reported Revenues for Q1FY24 of ₹1,102.00 Crores up from ₹1,086.00 Crore year on year, a rise of 1.47%.
Total Expenses for Q1FY24 of ₹960.00 Crores down from ₹966.00 Crores year on year, a fall of 0.62%.
Consolidated Net Profit of ₹117.00 Crores up 20.62% from ₹97.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹3.09, up 20.70% from ₹2.56 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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