CIE Automotive India Ltd - Q4CY23 Misses Estimates; Robust Growth Story Remains Intact
CIEAUTO reported a weak set of numbers. Q4CY23 consolidated Revenue/EBITDA/PAT was 4.8%/11.6%/ 8.9% below our estimates (5.2%/10.9%/14.8% below...
263 Views
CIE Automotive India Ltd - Buoyant Indian Operations & Gradual Recovery In EU Expected.
It missed our estimates by 5% due to weaker-than-expected revenue (i) In Europe (up ~6.5%YoY but down ~16% QoQ) led by continued slowdown in the EU...
512 Views
CIE Automotive Ltd - Demand-Led Capacity Expansion to Drive Growth
The outperformance was mainly driven by market share gains (40% YoY in CY22) due to the consolidation of the supply chain network.
302 Views
CIE Automotive - Announced Sale of CIE Automotive's German Forging Operations
MCIE’s decision to hive off German Trucking is seen as a positive step, as this division has been weighing on the company’s EBITDA margins (3-5%...
353 Views
CIE Automotive Ltd. - Q2CY23 - Overall Miss; Profitability to Sustain
We continue to like the company’s growth story driven by (a) Operational Performance and Focus on building an EV product portfolio
400 Views