CIE Automotive India Limited reported consolidated sales of ₹25.4 billion for the second quarter of calendar year 2026 (Q2 CY26), marking an 11% increase year-on-year. The company delivered a consolidated EBITDA of ₹4.2 billion and an EBIT of ₹3.2 billion, representing year-on-year growth of 17% and 18%, respectively. For the first half of CY26 (H1 CY26), consolidated profit after tax (PAT) rose 18% to ₹4.9 billion, reflecting strong operational performance across both Indian and European segments despite global headwinds.

The results were disclosed pursuant to Regulation 30 read with Para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript of the post-result conference call held on July 23, 2026, was filed with the stock exchanges on July 27, 2026.

Regional Performance Breakdown

Indian operations contributed significantly to the top-line growth, with sales reaching ₹16.5 billion in Q2 CY26, a 13% increase year-on-year. However, the EBITDA margin for Indian operations contracted to 16.7% from 17.5% in Q2 CY25. Management attributed this margin compression to price inflation driven by the conflict in West Asia, which impacted energy costs, consumables, and raw materials. In H1 CY26, Indian sales grew 14% to ₹32.7 billion, while EBITDA grew 9% year-on-year.

European operations showed a stronger recovery in profitability. Sales in Europe stood at ₹8.9 billion in Q2 CY26, up 7% year-on-year but down 3.7% sequentially. The EBITDA margin expanded significantly to 15.9% from 12.5% in Q2 CY25, driven by restructuring activities undertaken in the previous year. Consequently, European EBITDA surged 36% year-on-year. In H1 CY26, European sales increased 12% to ₹18.1 billion, with PAT crossing ₹1.5 billion, a 51% increase year-on-year.

What the Numbers Show

A key analytical observation from the filing is the divergence between revenue growth and margin performance in the Indian segment versus the European segment. While Indian operations drove higher revenue volume (+13% in Q2), margins faced pressure due to external cost inflation. Conversely, European operations experienced lower revenue growth (+7%) but achieved substantial margin expansion (+340 basis points in Q2 EBITDA margin). This indicates that the company’s overall profitability improvement in H1 CY26 was disproportionately driven by efficiency gains and restructuring in Europe rather than pure volume growth in India.

Balance Sheet and Capital Expenditure

The company maintains a strong net cash position, with consolidated net financial debt standing at negative ₹14.2 billion at the end of H1 CY26. Return on net assets improved to 19.4% at the end of H1 CY26, up from 18.4% at the end of CY25. Capital expenditure during H1 CY26 was ₹2.1 billion, lower than the ₹3.8 billion spent in full year CY25. Management indicated that capex in H2 CY26 is expected to be significantly higher, focusing on expansion projects in gears, composites, stampings, and forgings in locations such as Pune, Chakan, and Bengaluru.

Strategic Outlook

Management highlighted a new order book of approximately ₹5 billion per year secured during the first half of the year. CEO Ander Alvarez emphasized that the company prioritizes return on investment and sustainable growth over rapid expansion. While the Indian market is expected to see a gradual slowdown due to tapering GST cut effects and potential monsoon impacts, the company remains confident in its growth trajectory. In Europe, management noted a weak market evolution but highlighted successful engagement with Chinese OEMs as they begin to localize production in the region.

CIE Automotive has published the audio recording of its second quarter calendar year 2026 (Q2CY2026) results conference call, allowing investors and analysts to review management’s discussion on financial performance and operational updates. The call took place on July 23, 2026, and the recording is now available for public access on the company’s website.

The company notified the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding the availability of the recording. This disclosure follows an advance intimation sent on July 14, 2026, and the release of the investor presentation on July 22, 2026. The filing references Regulation 30 read with Para A of Schedule III and Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclosure Details

The filing ensures timely and accurate dissemination of material information to stock exchanges and stakeholders as mandated by listing norms. Pankaj V. Goyal, Company Secretary, Chief Compliance Officer, and Head-Legal for CIE Automotive India Limited, signed the communication. His membership number is F13037. The letter was digitally signed and dated July 23, 2026, at 17:04:31 +05'30'.

Accessing the Recording

Investors can access the audio file through the company’s website at https://www.cie-india.com/periodic-public-information8.html#Quarterly-Result-Calls-and-Transcripts . The link directs users to the periodic public information section dedicated to quarterly result calls and transcripts. This procedural update ensures transparency and equal access to information for all shareholders.