CIE Automotive India Q1 Results Live : profit falls by 17.43% YOY
CIE Automotive India Q1 Results Live : CIE Automotive India announced their Q1 results on 02 May, 2024, with a decrease of 0.55% in revenue and a 17.43% decline in profit compared to the same period last year.
However, there was a positive growth compared to the previous quarter, with an 8.32% increase in revenue and a significant 36.43% rise in profit.
The company witnessed a 6.7% increase in Selling, general & administrative expenses quarter-on-quarter and a 0.62% rise year-on-year.
Operating income showed a positive trend with a 9.98% increase quarter-on-quarter, but a decline of 8.02% year-on-year.
The Earnings Per Share (EPS) for Q1 stood at ₹6.07, reflecting a 4.6% growth year-on-year.
In terms of market performance, CIE Automotive India delivered a -0.02% return in the last week, 3.98% return in the last 6 months, and 3.45% Year-to-Date (YTD) return.
As of 04 May, 2024, the company has a market capitalization of ₹18473.05 Cr with a 52-week high/low of ₹579.75 & ₹406.8 respectively.
Analysts covering the company have provided varying ratings, with 1 analyst suggesting a Hold rating, 2 analysts recommending Buy, and 2 analysts favoring Strong Buy.
The consensus recommendation as of 04 May, 2024, leans towards a Buy rating for CIE Automotive India.
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2426.8 | 2240.39 | +8.32% | 2440.2 | -0.55% |
| Selling/ General/ Admin Expenses Total | 261.52 | 245.1 | +6.7% | 259.91 | +0.62% |
| Depreciation/ Amortization | 86.34 | 78.09 | +10.57% | 82.51 | +4.64% |
| Total Operating Expense | 2152.57 | 1991.05 | +8.11% | 2142.07 | +0.49% |
| Operating Income | 274.24 | 249.34 | +9.98% | 298.14 | -8.02% |
| Net Income Before Taxes | 303.92 | 245.21 | +23.94% | 290.43 | +4.65% |
| Net Income | 230.48 | 168.94 | +36.43% | 279.12 | -17.43% |
| Diluted Normalized EPS | 6.07 | 4.66 | +30.21% | 5.81 | +4.6% |
FAQs
Question : What is the Q1 profit/Loss as per company?
Ans : ₹230.48Cr
Question : What is Q1 revenue?
Ans : ₹2426.8Cr
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Published: 04 May 2024, 02:35 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.