Mahindra CIE Q1CY Results 2023: PAT Up at Rs 279.1 Cr Consolidated

Mahindra CIE releases Consolidated Quarterly Results for March 31, 2023. Mahindra CIE has announced an increase in total income from Rs. 2271.230 Crores as of December 31, 2022, to Rs. 2456.162 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. -657.811 Crores as of December 31, 2022, to Rs. 279.1 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. -17.35 on December 31, 2022, to Rs. 7.36 on March 31, 2023, according to the company’s statement.

Mahindra CIE Quarterly Results (Q4 FY2023) – Quarter-over-Quarter Comparison:

Total income of the company is Rs. 2456.162 Crores (March 31, 2023) vs. Rs. 2271.230 Crores (December 31, 2022)

Net profit/loss: Rs. 279.1 Crores (March 31, 2023) vs. Rs. -657.811 Crores (December 31, 2022)

EPS: Rs. 7.36 (March 31, 2023) vs. Rs. -17.35(December 31, 2022)

Mahindra CIE Quarterly Results (Q1 CY2023) – Year-over-Year Comparison:

Total income of the company is Rs. 2456.162 Crores (March 31, 2023) vs. Rs. 2071.558 Crores (March 31, 2022)

Net profit/loss: Rs. 279.1 Crores (March 31, 2023) vs. Rs. 161.4 Crores (March 31, 2022)

EPS: Rs. 7.36 (March 31, 2023) vs. Rs. 4.26 (March 31, 2022)

Mahindra CIE Share Dividend Announcement / Record Date:

The dividend’s record date has not yet come

Not related to distributing a portion of a company’s earnings to shareholders in the form of cash or stock dividends. ( No Dividend Payout )

About Mahindra CIE:

Mahindra CIE is a subsidiary of the renowned CIE Automotive Group, a global industrial group that specializes in providing subassemblies and components to the automotive market. The parent company has a strong global presence and is listed on the Madrid stock exchange.

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