CIE Automotive India Ltd Share Price – NSE  /  BSE

Castings, Forgings & Fastners, Small Cap

CIE Automotive India will hold a meeting of the Board of Directors of the Company on 2 May 2024.

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Revenue from operations fell 0.29% YoY to Rs 2,240.39 crore in Q4 CY23.

Profit before tax declined 9.31% to Rs 245.21 crore in Q4 CY23 as compared with Rs 270.38 crore in Q4 CY22.

EBITDA stood at Rs 353.9 crore in Q4 CY23, registering de-growth of 0.23% as compared with Rs 354.7 crore in Q4 CY22. EBITDA margin stood at 16.6% in Q4 CY23 as against 17.1% in Q4 CY22.

During the quarter, revenue from India jumped 3.85% YoY to Rs 1,393.4 crore and revenue from Europe rose marginally 0.04% YoY to Rs 732.5 crore from Rs 732.2 crore in Q4 CY22.

Meanwhile, the company’s board has taken note of completion of the closure of operations by BF Precision (BFPPL) and has further considered and approved the proposal to launch a process of voluntary liquidation of BFPPL. The said process is expected to complete within a period of 12 months, subject to receipt of necessary approvals required under provisions of applicable laws.

Further, the board has declared final dividend of Rs 5 per share for the financial year ended 31st December 2023. The record date for the same will be 13th June 2024.

CIE Automotive is a multi-technology automotive components supplier. It is a subsidiary of the CIE Automotive group of Spain; an industrial group specialised in supplying components and sub-assemblies for the automotive market, which has presence across the globe.

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CIE Automotive India announced that the Annual General Meeting (AGM) of the company will be held on 20 June 2024.

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CIE Automotive India has fixed 13 June 2024 as record date for final dividend of Rs 5 per ordinary equity share of face value of Rs 10 each for the financial year ended 31 December 2023.

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