CIE Automotive India LimitedQ2 FY27 Results & Financial Update
CIE Automotive India Limited: Q2 FY27 consolidated results and company financials – revenue ₹2,633.18 Cr, PAT ₹243.69 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore CIE Automotive India Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
CIE Automotive India Limited reported consolidated revenue from operations of INR 2,633.18 crore for the quarter ended September 30, 2026, marking a sequential increase of 0.48% compared to INR 2,620.55 crore in the preceding quarter ended June 30, 2026. Total income for the quarter reached INR 2,677.08 crore.
Profit before tax (PBT) from continuing operations stood at INR 321.57 crore, advancing 3.06% sequentially from INR 312.01 crore. Net profit after tax (PAT) for the quarter rose 3.43% sequentially to INR 243.69 crore compared to INR 235.62 crore in the previous quarter.
Basic and diluted earnings per share (EPS) for continuing and discontinued operations combined rose to INR 6.43 for the quarter, compared to INR 6.21 in the June 2026 quarter. Profitability expansion was supported by steady performance in the Indian business alongside margin recovery actions implemented across European operations.
Finance costs for the quarter moderated significantly to INR 3.96 crore from INR 10.17 crore in the preceding quarter, providing additional support to bottom-line performance. Depreciation and amortization expenses were reported at INR 92.94 crore.
Tax expense for the quarter totaled INR 78.91 crore, reflecting current tax of INR 72.95 crore and deferred tax of INR 5.96 crore. Other income contributed INR 43.90 crore to the consolidated financial results for the period.
Geographically, Indian segment revenues continued to demonstrate steady upward momentum, while European operations navigated a stagnant automotive market environment through disciplined cost containment and prior-year restructuring benefits.
01 · Business model
What does CIE Automotive India do?
CIE Automotive India Limited operates in the automotive components sector, manufacturing and supplying a diverse portfolio of automotive sub-assemblies and parts. Its product lineup includes forgings, stampings, gears, composite components, and castings utilized across light vehicles, two-wheelers, tractors, and medium/heavy commercial vehicles.
The company serves major automotive original equipment manufacturers (OEMs) through a widespread geographical footprint spanning both domestic Indian operations and international subsidiaries located primarily in Europe and Mexico. This multi-continent presence provides balanced exposure to varied international automotive cycles.
CIE India's operating model combines specialized metallurgical capabilities—such as precision forging, aluminium casting, and gear manufacturing—with ongoing cost-efficiency and restructuring initiatives designed to protect margins during periods of regional automotive demand volatility.
02 · Historical context
What shaped the business before this quarter
Previously in August 2023, the board approved the sale of 100% stakes in certain German subsidiaries under CIE Forgings Germany GmbH to Mutares SE & Co KgaA, leading to the classification of those operations under discontinued operations.
In earlier periods following the November 2025 notification of four new labour codes by the Government of India, the company recorded an incremental net impact on gratuity and long-term compensated absences in its financial statements.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹2,633.18 Cr | ₹2,620.55 Cr |
| Total income | ₹2,677.08 Cr | ₹2,649.20 Cr |
| Profit before tax | ₹321.57 Cr | ₹312.01 Cr |
| Profit after tax | ₹243.69 Cr | ₹235.62 Cr |
| EPS | ₹6.43 | ₹6.18 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 9.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 12.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹43.90 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue was driven by steady domestic demand across light vehicles, two-wheelers, and tractors in India, offsetting softer sales conditions observed in stagnant European markets.
What drove margins
Profitability metrics benefited from structural cost-reduction measures and restructuring activities executed in European entities during previous periods, alongside lower quarterly finance costs.
Management noted margin pressures in specific segments arising from raw material, energy, and consumable price increases linked to geopolitical conflicts in West Asia.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
India segment revenue from operations reached INR 1,852.14 crore for the quarter, with segment profit before tax and interest amounting to INR 234.47 crore.
Europe segment revenue from operations stood at INR 781.28 crore for the quarter, generating segment profit before tax and interest of INR 92.09 crore.
Geography and market mix
The company's operations remained split between India and Europe, with India accounting for the majority of consolidated revenue and showing stronger year-over-year production growth compared to European markets.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Pursuant to board approval, the company filed a Scheme of Amalgamation with the NCLT for the merger of its wholly owned subsidiary, CIE Aluminium Casting India Limited, into the parent company.
07 · Reported developments
What changed operationally
Consolidated net profit after tax expanded by 3.43% sequentially to INR 243.69 crore, underpinned by lower finance expenses and stable operating performance.
European operations sustained improved profitability margins despite stagnant regional market conditions, reflecting benefits from prior restructuring actions.
08 · Pressure points & risks
What is not going smoothly
European automotive markets remained subdued, keeping sales under pressure compared to the more robust volume expansion seen in domestic Indian vehicle segments.
09 · Items worth noticing
The line items that can distort a quick read
The consolidated results include profit from discontinued operations of INR 1.03 crore for the quarter, primarily comprising interest income related to the previously divested German entities.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations increased from INR 2,620.55 crore in Q1 FY27 to INR 2,633.18 crore in Q2 FY27, while PAT improved from INR 235.62 crore to INR 243.69 crore.
11 · Key Q&A
The quarter, answered directly
What does CIE Automotive India do?
CIE Automotive India Limited operates in the automotive components sector, manufacturing and supplying a diverse portfolio of automotive sub-assemblies and parts. Its product lineup includes forgings, stampings, gears, composite components, and castings utilized across light vehicles, two-wheelers, tractors, and medium/heavy commercial vehicles.
What is the clearest takeaway from Q2 FY27?
CIE Automotive India Limited reported consolidated revenue from operations of INR 2,633.18 crore for the quarter ended September 30, 2026, marking a sequential increase of 0.48% compared to INR 2,620.55 crore in the preceding quarter ended June 30, 2026. Total income for the quarter reached INR 2,677.08 crore.
What drove revenue or demand?
Consolidated revenue was driven by steady domestic demand across light vehicles, two-wheelers, and tractors in India, offsetting softer sales conditions observed in stagnant European markets.
What mattered most for margins or profitability?
Profitability metrics benefited from structural cost-reduction measures and restructuring activities executed in European entities during previous periods, alongside lower quarterly finance costs.
What changed operationally beyond the headline numbers?
Pursuant to board approval, the company filed a Scheme of Amalgamation with the NCLT for the merger of its wholly owned subsidiary, CIE Aluminium Casting India Limited, into the parent company.
What are the main pressure points disclosed for the quarter?
European automotive markets remained subdued, keeping sales under pressure compared to the more robust volume expansion seen in domestic Indian vehicle segments.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
European Market Demand Trends: Evolution of vehicle production volumes and raw material cost trends across European and Indian operating segments.
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