CIE Automotive India (532756) Q3 2025 earnings summary

Executive summary

• Q3 CY2025 consolidated sales reached INR 23,718.44 million, up 12% year-on-year, with Indian operations showing robust growth and European operations facing margin pressure.

• Nine-month consolidated sales rose 3% to INR 70,134.76 million, with EBITDA margin at 16.3% and PAT margin at 9.2%.

• Standalone and consolidated financial results for Q3 and nine months ended 30 September 2025 were approved and reviewed with no material misstatements.

• Indian segment 9M CY2025 sales grew 6% to INR 43,935 million, while European segment 9M CY2025 sales fell 3% to INR 24,030 million.

Financial highlights

• Q3 CY2025 consolidated EBITDA margin was 16.2%, with PAT at INR 2,139.38 million, up from INR 1,952.29 million in Q3 CY2024.

• Nine-month consolidated EBITDA margin at 16.3%, PAT margin at 9.2%, and basic EPS for 9M CY2025 at INR 16.44.

• Standalone Q3 2025 revenue was INR 12,542.98 million, with PAT at INR 1,380.33 million.

• Segment profit before tax and interest for Q3 2025: India INR 2,098.30 million, Europe INR 772.65 million.

Outlook and guidance

• Indian automotive market expected to grow, with light vehicles forecasted at 5% growth for CY2025 and 5.4% for CY2026; two-wheeler and tractor segments projected to grow at 7-9% and 5-7% CAGR through FY2030.

• European light vehicle production expected to remain flat or slightly negative, with stable production at 16-17 million units.

• Company continues to focus on operational efficiency and technology transfer, especially in aluminum.