Hot Pursuit     23-Feb-22
Mahindra CIE skids after Q4 PAT slides 28% YoY to Rs 80 cr
Mahindra CIE Automotive fell 2.41% to Rs 194.65 after the company's consolidated net profit declined 28.15% to Rs 80.23 crore on 5.44% rise in net sales to Rs 2064.15 crore in Q4 December 2021 over Q4 December 2020.
On a consolidated basis, profit before tax (PBT) fell 30.06% to Rs 112.54 crore in Q4 December 2021 over Q4 December 2020.

For the full year, the company's net profit surged 269.11% to Rs 392.84 crore on 38.62% rise in net sales to Rs 8386.71 crore in the year ended December 2021 over the year ended December 2020. PBT surged 240.88% to Rs 664.98 crore during the year.

The board of directors of company at their meeting held on 22 February 2022 recommended final dividend of Rs 2.50 per equity share of Rs 10 each fully paid up for finacial year 2021.

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.

Previous News
  Mahindra CIE Automotive reports consolidated net profit of Rs 136.20 crore in the June 2021 quarter
 ( Results - Announcements 22-Jul-21   07:54 )
  CIE Automotive India consolidated net profit rises 119.07% in the September 2023 quarter
 ( Results - Announcements 18-Oct-23   07:38 )
  Board of CIE Automotive India appoints Chairman
 ( Corporate News - 17-Oct-23   18:43 )
  Mahindra CIE Automotive acquires additional stake in Sunbarn Renewables
 ( Corporate News - 23-Mar-21   09:50 )
  Mahindra CIE Automotive consolidated net profit rises 702.23% in the December 2020 quarter
 ( Results - Announcements 20-Feb-21   08:13 )
  Mahindra CIE Automotive consolidated net profit rises 15.68% in the March 2019 quarter
 ( Results - Announcements 06-May-19   17:06 )
  CIE Automotive India schedules board meeting
 ( Corporate News - 28-Sep-23   11:59 )
  Mahindra CIE Automotive allots 1.83 lakh equity shares under ESOS
 ( Corporate News - 18-Aug-22   18:45 )
  Mahindra CIE Automotive consolidated net profit declines 0.69% in the September 2020 quarter
 ( Results - Announcements 21-Oct-20   07:57 )
  Mahindra CIE Automotive to convene AGM
 ( Corporate News - 22-Mar-21   10:52 )
  Board of Mahindra CIE Automotive appoints CEO - Forgings Division
 ( Corporate News - 27-Sep-19   20:26 )
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