Mahindra A Spanish subsidiary of CIE Automotive S.A. is CIE Automotive Limited. In addition, Mahindra Vehicle Manufacturing Ltd. has a sizable amount of stock in the business. Production and sales of automobile components to original equipment manufacturers and other clients in India and abroad are the company’s main business activities.
Financial Results:
- Mahindra CIE Automotive Ltd reported Total Income for Q4FY23 of ₹ 2,456.2 Crores up from ₹ 2,071.6 Crore year on year, a rise of 19%.
- Total Expenses for Q4FY23 of ₹ 2,166 Crores up from ₹ 1,856.1 Crores year on year, a rise of 17%.
- Consolidated Net Profit of ₹ 220.3 Crores, up 34% from ₹ 164.3 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 7.36, up 72.7% from ₹ 4.26 in the same quarter of the previous year.