Mahindra CIE skids ~2% owing to mixed Q4CY21 results

23 Feb 2022 , 10:08 AM

Mahindra CIE Automotive Ltd. reported standalone sales of Rs1,067.80 crore for the October-December 2021 quarter against Rs970.20 crore for the previous corresponding quarter, registering a growth of 10% yoy. While sales for the previous quarter stood at Rs1,068.20 crore.

Its standalone EBITDA for Q4CY21 was Rs128.60 crore against Rs148.30 crore for Q4CY20, down by 13% yoy. EBITDA for the Q3CY21 stood at Rs161.50 crore.

Standalone EBITDA margin for the current quarter stood at 12% against 15.3% in the previous corresponding quarter.

Its consolidated sales for the quarter under review was Rs1,939.10 crore against Rs1,865.30 crore for the quarter ended December 2020, up by 4% yoy. Sales in the previous quarter stood at Rs1,980.10 crore.

Consolidated EBITDA was Rs208 crore against Rs254.90 crore in Q4CY20, down by 18% yoy. EBITDA margin for the current quarter stood at 10.7%.

Its consolidated EBT for the current quarter stood at Rs112.60 crore against Rs161.10 crore for the previous quarter, down by 30%.

Total Income, EBITDA, and EBT for CY21 stood at Rs7,945.90 crore, Rs1061.50 crore, Rs665 crore respectively. Total income registered a growth of 37% yoy, whilst EBITDA and EBIT grew by 91% and 241% yoy respectively.

Mahindra CIE was trading 2.17% lower at Rs195.70 against its previous closing price of Rs200.05 on NSE. It touched an intraday high and low of Rs198.65 and Rs193 so far in today’s trade.