Q2 2026 CIE Automotive India Ltd Earnings Call Transcript

Jul 23, 2026 / 07:00AM GMT

Release Date Price: ₹419 (-11.32%)

Transcript

Key Points

Positve

CIE Automotive India Ltd (BOM:532756) reported a 13% year-on-year increase in sales for Q2 CY26, reaching INR 16.5 billion.
The company achieved a consolidated EBITDA margin of 16.7% in H1 CY26, slightly higher than the 16.3% in H1 CY25.
European operations showed significant improvement with a 36% year-on-year growth in EBITDA, attributed to restructuring activities.
The company maintains a strong financial position with a negative net financial debt of INR 14.2 billion, indicating healthy liquid cash availability.
CIE Automotive India Ltd is actively evaluating both organic and inorganic growth opportunities, with several expansion projects underway in India.

Negative

EBITDA margin in Indian operations decreased to 16.7% in Q2 CY26 from 17.5% in Q2 CY25, affected by price inflation due to geopolitical conflicts.
Exports underperformed for the second consecutive quarter, impacting overall growth.
The company has faced challenges in maintaining growth momentum, with some restructuring in the aluminum vertical leading to a loss of market share.
European sales in euro terms declined by 3% due to a weak automotive market, despite a positive exchange rate impact.
There is a noted slowdown in growth expectations due to the anticipated impact of below-normal monsoon seasons on rural incomes.

Operator

Ladies and Gentlemen, good day and welcome to the CIE India Q2 CY26 results conference call hosted by ICICI Securities.

(Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. Ronak Mehta. Over to you, sir.

Ronak Mehta

ICICI Securities Ltd - Moderator

Yeah, thank you, Ananya. Good afternoon, everyone. On behalf of ICICI Securities, we would like to welcome you all to CIE Automotive Q2 CY26 earnings conference call. Today, we have with us from the management team, Mr. Ander Alvarez, CEO; Mr. K. Jayaprakash, CFO; Mr. Vikas Sinha, Senior VP, Strategy; and Mr. Oroitz Lafuente, Business Controller. We'll start the call with a brief opening remarks from the management team about the quarter gone by, and then we'll proceed with the Q&A session.

Vikas Sinha

CIE Automotive India Ltd - Senior Vice President, Strategy

Yeah. Hi, Ronak. Thanks to everyone. I welcome all of you on this call as also Ander, our CEO. I will present CIE India results

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