CIE Automotive India Third Quarter 2024 Earnings: EPS: ₹5.13 (vs ₹4.92 in 3Q 2023)

CIE Automotive India (NSE:CIEINDIA) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₹21.6b (down 5.3% from 3Q 2023).
• Net income: ₹1.95b (up 4.3% from 3Q 2023).
• Profit margin: 9.0% (up from 8.2% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ₹5.13 (up from ₹4.92 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CIE Automotive India Earnings Insights

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India.

Performance of the Indian Auto Components industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for CIE Automotive India that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.