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CIE Automotive India Q4 CY23 results: profit at ₹168.94Cr, Revenue increased by 198.01% YoY

Livemint · 1y

CIE Automotive India reported its Q4 CY23 results, showing a 198.01% increase in revenue and a profit of ₹168.94 crore. This is a significant improvement compared to the same period last year when they recorded a loss of ₹657.85 crore. However, there was a slight decline in revenue from the previous quarter by 1.71%. The company's operating income also decreased by 6.63% quarter-on-quarter and 9.64% year-on-year. The earnings per share (EPS) for Q4 CY23 increased by 9.03% year-on-year, amounting to ₹4.66. Currently, CIE Automotive India has a market capitalization of ₹18,332.69 crore with mixed analyst ratings, ranging from Strong Sell to Strong Buy.