EBITDA rose 43% to Rs 275.90 crore in Q3 September 2021 over Q3 September 2020. EBITDA margin rose 13.9% in Q3 September 2021 compared with 11.8% in Q3 September 2020.

"Despite automotive market challenging situation (semiconductor shortage, Covid impact and raw material and energy increases) MCIE is showing its resilience with a solid and sustainable EBITDA margin," the company said in a statement.

Mahindra CIE 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 and is listed on the stock exchange in Madrid.