CIE Automotive India Limited — Investor Meet, 05-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

CIE Automotive India reported Q1 sales of Rs. 2,196 Cr (India Rs. 1,411 Cr, up 3%; Europe Rs. 785 Cr, down 19%). Consolidated EBITDA stood at Rs. 372 Cr with margins stable at 16.7%. India’s EBITDA margin improved to 18% excluding a one-off subsidy, driven by efficiency gains despite moderate sales growth. Europe remains weak with a 14% margin amid ongoing restructuring and sales decline. Management pointed to delayed order-to-sales conversion from postponed EV and ICE projects, with new orders of Rs. 350 Cr exceeding targets. India is expected to see steady single-digit volume growth; Europe faces continued softness. M&A focus remains on expanding core technologies, with tariff impacts minimal so far. Overall tone is cautious but confident on India’s growth and operational resilience.