Mahindra CIE skyrockets ~12% on Q1CY22 numbers; logs 17% yoy growth in consolidated sales

26 Apr 2022 , 03:15 PM

Mahindra CIE Automotive Limited reported its results for Q1CY22 ended March 31, 2022. Its stock took a hit and jumped nearly 12% so far in today’s trade.

The company posted consolidated sales of Rs2,444.40 crore in Q1CY22, logging a growth of 17% yoy against sales of Rs2,086.30 crore in Q1CY21.

It has reported an EBITDA of Rs307.90 crore in Q1CY22, up by 1% yoy against an EBITDA of Rs306.20 crore in Q1CY21. EBITDA margin for the quarter under review came in at 9.1%.

EBIT stood at Rs221.30 crore in Q1CY22 as compared to Rs217.90 crore in Q1CY21, up by 2% yoy.

It registered a 5% yoy growth in EBT at Rs213 crore for Q1CY22 as compared to Rs203.70 crore for Q1CY21.

EBT margin stood at 8.7% in Q1CY22 as against 9.8% in Q1CY21.

Consolidated PAT for Q1CY22 stood at Rs161.43 crore as compared to Rs10.09 crore in Q1CY21, up by manyfolds.

At around 3.18 PM, Mahindra CIE was trading at Rs222.50 up by Rs23.45 or 11.78% from its previous closing of Rs199.05 on the BSE. It touched intraday high and low of Rs234.80 and Rs214.50 respectively.