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Profit before tax in Q3 CY2022 stood at Rs 227.21 crore, up by 26.9% to Rs 179.13 crore in Q3 CY2021.
The company's India revenue was Rs 1542.89 crore (up 33.3% YoY) while that from Europe was Rs 1,192.03 crore (up 25.3% YoY) during the period under review.
Total expenses rose by 30.8% to Rs 2,510.04 crore in Q3 CY2022 from Rs 1,918.96 crore in Q3 CY2021, due to higher raw material costs (up 33.35% YoY) and higher other expenses (up 26.6% YoY).
EBITDA grew by 20% to Rs 330.7 crore in Q3 CY2022 from Rs 275.9 crore in Q3 CY2021. EBITDA margin slipped to 12.8% in Q3 CY2022 as against 13.9% in Q3 CY2021.
Mahindra CIE Automotive 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.
The scrip fell 0.72% to currently trade at Rs 309.75 on the BSE.
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