New orders annualized
₹3.5B
+11% EV share
New orders won in Q1 CY26, with 11% from EV sector, supporting future growth.
CIEAUTOMOTIVEINDIA
Manufacturing
15 Apr 2026
CIE Automotive India Ltd — Q4 FY26
CIE Automotive India reported a strong Q1 CY26 with consolidated sales of ₹2,544 crore (+16% YoY) and EBITDA of ₹430 crore (+16% YoY), achieving record quarterly sales and EBITDA.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
CIE Automotive India reported a strong Q1 CY26 with consolidated sales of ₹2,544 crore (+16% YoY) and EBITDA of ₹430 crore (+16% YoY), achieving record quarterly sales and EBITDA. India operations grew 15% YoY to ₹1,620 crore, though exports were muted due to geopolitical headwinds. EBITDA margin in India contracted 100bps YoY to 17.6% due to gas/energy cost increases and a one-off subsidy in the base. Europe delivered a margin recovery to 15.7% (vs 13.9% YoY) driven by restructuring benefits. Management expects growth momentum to continue, supported by new orders worth ₹3.5 billion annualized in Q1 and capacity additions across forging, stamping, and iron casting. Key risks include sustained input cost inflation, potential supply chain disruptions from the West Asia conflict, and a slower-than-expected recovery in the US off-highway market.
Key Numbers
India EBITDA margin
17.6%
-100bps YoY
Margin decline due to gas/energy cost increases and one-off subsidy in base.
Europe EBITDA margin
15.7%
+180bps YoY
Margin recovery from restructuring activities completed in CY25.
India growth capex (planned CY26)
₹4-5B
Higher than CY25
Capacity additions across forging, stamping, and iron casting to meet demand.
Management Guidance
India growth to outpace industry by 3-5pp
Management expects India revenue growth to exceed market growth by 3-5 percentage points, driven by new orders ramping up.
Management guidance growthIndia capex of ₹4-5 billion in CY26
Growth capex in India expected to be ₹4-5 billion for the calendar year, up from prior year, with three new forging lines and other capacity additions.
Management guidance capexExport orders to ramp from Q2 CY26
New export orders, particularly to the US, will start contributing from Q2, with bulk in H2 CY26.
Management guidance revenueEurope margins to remain stable around 15%
European EBITDA margins expected to stay in the 14-16% range, excluding restructuring costs, with no major market recovery anticipated.
Management guidance marginsKey Risks
Input cost inflation and pass-through delay
Aluminum and energy price increases may compress margins temporarily due to one-month pass-through lag, especially in the aluminum business.
medium · management_commentarySupply chain disruption from geopolitical tensions
West Asia conflict could disrupt customer supply chains, causing temporary demand slowdowns, though no material impact seen yet.
high · management_commentarySlower US off-highway recovery for Metcastello
Metcastello's performance depends on US market rebound; EV programs have been cancelled, delaying growth.
medium · analyst_questionFertilizer supply chain and monsoon risk
If fertilizer supply is disrupted and monsoon is bad, rural demand could be impacted in H2 CY26.
medium · management_commentaryNotable Quotes
We have recorded the highest absolute quarterly consolidated sales and consolidated EBITDA in our history.
The consolidation is happening already in Europe. The customers are looking for solutions to assure their supply and they are coming to us.
We are in a very comfortable situation as far as that is concerned. We do expect to be a little higher than the market.
Frequently Asked Questions
What was CIE Automotive India's revenue in Q4 FY26?
CIE Automotive India reported revenue of ₹2,612 Cr in Q4 FY26, representing a +16% change compared to the same quarter last year.
What guidance did CIE Automotive India management give for FY27?
India growth to outpace industry by 3-5pp: Management expects India revenue growth to exceed market growth by 3-5 percentage points, driven by new orders ramping up. India capex of ₹4-5 billion in CY26: Growth capex in India expected to be ₹4-5 billion for the calendar year, up from prior year, with three new forging lines and other capacity additions. Export orders to ramp from Q2 CY26: New export orders, particularly to the US, will start contributing from Q2, with bulk in H2 CY26. Europe margins to remain stable around 15%: European EBITDA margins expected to stay in the 14-16% range, excluding restructuring costs, with no major market recovery anticipated.
What are the key risks for CIE Automotive India in FY27?
Key risks include Input cost inflation and pass-through delay — Aluminum and energy price increases may compress margins temporarily due to one-month pass-through lag, especially in the aluminum business.; Supply chain disruption from geopolitical tensions — West Asia conflict could disrupt customer supply chains, causing temporary demand slowdowns, though no material impact seen yet.; Slower US off-highway recovery for Metcastello — Metcastello's performance depends on US market rebound; EV programs have been cancelled, delaying growth.; Fertilizer supply chain and monsoon risk — If fertilizer supply is disrupted and monsoon is bad, rural demand could be impacted in H2 CY26..
Did CIE Automotive India meet its previous quarter's guidance?
Of 2 tracked promises, management 0 met, 0 close, 2 missed.
Where can I read the full CIE Automotive India Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.