New Delhi, Feb. 24 -- CIE Automotive India Ltd's shares are up about 7% since its December quarter (Q4CY25) results last week, as growth momentum continued to gather pace.
Consolidated revenue increased by 13% year-on-year, clocking the best growth in many quarters, to Rs.2,393 crore on the back of a good show from the India business and a favourable exchange rate in Europe.
Reported Ebitda grew 12% to Rs.335 crore. One-off costs such as the new labour code impact in India and restructuring expenses in Europe hurt Ebitda.
India revenues at Rs.1,545 crore were the highest-ever quarterly sales, indicating demand is bouncing back and some issues pertaining to delayed orders and execution issues seen earlier during the year are now getting...
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