Mahindra CIE Automotive Limited

CIE Automotive India reported a solid Q1 FY27 (quarter ended June 2026, the company follows a January–December year). Consolidated revenue from operations rose 10.6% YoY to ₹2,620.6 Cr and net profit climbed 15.8% YoY to ₹235.6 Cr — profit growing faster than the topline, with operating margin (OPM) expanding to ~14.9% from 14.2% a year ago and net margin at 9.0% versus 8.5%. Sequentially the print was softer: revenue was essentially flat (+0.3% QoQ) and PAT eased 5.5% from Q4's ₹249.4 Cr as OPM slipped from 15.4%, so the story is a clean YoY improvement rather than QoQ momentum. The standout driver was Europe: segment profit jumped 46.3% YoY to ₹103.9 Cr on revenue up just 7.4% (₹916.7 Cr), evidence that the restructuring and profitability-protection push is delivering margin even in a stagnant EU/EV-transition market. India remained the volume engine — segment revenue up 12.4% YoY to ₹1,704.0 Cr — but its segment profit rose a slower 8.5% to ₹219.4 Cr and margin actually slipped to 12.9% from 13.3%. Finance costs also surged to ₹10.2 Cr from ₹1.6 Cr a year ago as current borrowings rose to ₹316.6 Cr, a drag to watch given management's guidance for higher India capex ahead. Against management's own Q4 concall guidance (continued India growth, Europe profitability protection, higher India capex, and improving India margins), the quarter largely delivered on growth and Europe profitability but missed on the India-margin-improvement leg — the one line that contradicts the prior outlook. No hard sell-side quarterly consensus surfaced for this mid-cap forgings name; standing brokerage views (Axis Direct, ICICIdirect) carry Buy calls built on ~11% profit CAGR through FY27, and this +15.8% YoY PAT runs ahead of that pace. On corporate actions, the company paid its ₹7/share FY25 final dividend during the quarter, has filed the CIE Aluminium Castings (CACIL) merger scheme with the NCLT, and made only immaterial portfolio moves (Ojha Renewables 27.89% stake sold for ₹1.62 Cr; a 26% stake in Suryadeep GJ3 acquired). No management press release was extracted with the filing. Consolidated is the primary basis here; standalone PAT of ₹148.9 Cr (+17.5% YoY) is distorted QoQ by an ₹87.1 Cr subsidiary dividend booked in Q4 and should not be read as a sequential decline.

CIE Automotive India Ltd has announced that its Board of Directors will convene on July 22, 2026. The primary agenda item is to consider and approve the un-audited financial results, both standalone and consolidated, for the quarter and half-year ending June 30, 2026. In line with the company's code of conduct, the trading window for designated persons and their immediate relatives will be closed from July 1, 2026, to July 24, 2026, inclusive.

CIE Automotive India Ltd has announced that its Board of Directors will convene on Wednesday, July 22, 2026. The primary agenda item is to consider and approve the un-audited financial results for both standalone and consolidated operations for the quarter and half-year ending June 30, 2026. In conjunction with this, the company has also declared a closure of the trading window for its securities. This window will be shut for all designated persons and their immediate relatives from July 1, 2026, until July 24, 2026, inclusive, in accordance with the company's insider trading code.

CIE Automotive India Ltd announced that its wholly-owned subsidiary, CIE Hosur Limited (CHL), has sold its entire 27.89% stake in Ojha Renewables Private Limited (ORPL) to CSE Development (India) Private Limited for a consideration of ₹1.62 crore. This divestment follows CHL's initial subscription of shares in ORPL on April 25, 2024, which made ORPL an associate. The sale, completed on June 25, 2026, means ORPL will no longer be an associate of CIE Hosur or CIE Automotive India. The net worth and profit/loss attributable to ORPL's shareholding were reported as ₹(0.80) Million and ₹(1.05) Million respectively, based on the last audited financial statements.

CIE Automotive India Ltd. held its 27th Annual General Meeting on Wednesday, April 29, 2026, via video conference. The transcript of the meeting has been uploaded to the company's website, as per regulatory requirements outlined in the Companies Act, 2013 and SEBI Listing Regulations, 2015. This information is now available for shareholders and stakeholders.

CIE Automotive India Ltd has invested ₹48,00,000 in Suryadeep GJ3 Project Private Limited, acquiring 4,80,000 equity shares at ₹10 each. This investment constitutes 26.09% of Suryadeep's paid-up share capital, making Suryadeep an associate company of CIE Automotive effective May 15, 2026. The investment aims to qualify CIE Automotive as a captive consumer under applicable Electricity Laws, optimizing power costs at its Rajkot, Gujarat factories. The acquisition does not fall within related party transactions.

CIE Automotive India Ltd has announced its unaudited standalone and consolidated financial results for the quarter ended March 31, 2026. The Board of Directors approved these results at their meeting held on April 23, 2026. The company also submitted the Limited Review Reports from its statutory auditors, B S R & Co. LLP, alongside the financial statements. The auditors confirmed that based on their review, nothing came to their attention to suggest any material misstatement or non-disclosure in the financial results, which were prepared in accordance with Indian Accounting Standard 34 and SEBI Listing Regulations.

CIE Automotive India Ltd's Board of Directors approved the Scheme of Merger for its wholly-owned subsidiary, CIE Aluminium Casting India Limited (CIEALCAST), with the parent company. This strategic move aims to enhance operational efficiencies, achieve economies of scale, and foster synergetic integration of businesses. For the financial year ended December 31, 2025, CIEALCAST reported a turnover of ₹11,728 Million and a net profit after tax of ₹948 Million. As CIEALCAST is a wholly-owned subsidiary, no new shares will be issued as consideration; instead, the entire issued share capital of the Transferor Company held by the Transferee Company will be cancelled. The merger is subject to requisite statutory and regulatory approvals, including from the National Company Law Tribunal (NCLT).

CIE Automotive India Ltd has announced the approval and submission of its unaudited standalone and consolidated financial results for the quarter ended March 31, 2026. The Board of Directors approved these results at their meeting held on April 23, 2026, which commenced at 4:30 p.m. and concluded at 5:40 p.m. The filing includes the Limited Review Report from the Statutory Auditors, B S R & Co. LLP. The financial statements were prepared in accordance with Indian Accounting Standard 34 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors confirmed that nothing came to their attention suggesting any material misstatement or non-disclosure in the accompanying statement.

CIE Automotive India Ltd has recommended a dividend of Rs. 7 per equity share for the financial year ended 31st December 2025, subject to the approval of the shareholders at the 27th Annual General Meeting. The dividend will be payable after deducting Tax at Source (TDS) as per the Income Tax Act, 2025 and the Finance Act, 2026. The Company will use the information of shareholders as per data made available by National Securities Depository Limited and Central Depository Services (India) Limited or the details recorded in the Register of Members of the Company maintained by the Registrar and Share Transfer agent of the Company. Shareholders are requested to ensure that their details are updated in their respective demat account or folio by submitting Form ISR-1 to RTA. The last date for submission is 24th April, 2026.