CIE Automotive India Limited conducted investor meetings on February 26, 2026, organized by Kotak Securities in Mumbai. The company filed the outcome of these meetings with BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Participation

The investor meetings were held from 10 am to 4 pm and witnessed participation from several prominent institutional investors and fund houses. The company engaged with a diverse group of financial institutions during these sessions.

Institutional Investor Participation

The meetings saw active participation from major institutional investors across various categories including asset management companies, insurance firms, and investment funds. The participating entities included Matthews, Bajaj Holdings, Chrys Capital, Bandhan Life Insurance, JM Financial, Nidaara, Kotak Asset Management, Citadel, Tata Investment, Axis Investment, Blackrock, and PPFAS MF.

Company Representation and Discussion Topics

CIE Automotive India Limited was represented by senior management officials who engaged with the investors on various aspects of the company's performance and strategy.

The discussions primarily revolved around clarifications and questions regarding the company's Q4 Full Year CY2025 investor presentation. The company confirmed that no unpublished price sensitive information (UPSI) was involved in the discussions, ensuring compliance with regulatory requirements.

Regulatory Compliance and Documentation

The company has uploaded the recording of the investor meeting on its official website and informed the stock exchanges about the outcome. This disclosure was made pursuant to Regulation 30 read with Para A of Schedule III and Regulation 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously provided advance intimation of these investor relation interactions on February 20, 2026.

CIE Automotive India Limited held its Q4 and full year CY25 earnings conference call on February 20, 2026, announcing strong quarterly performance with consolidated sales reaching INR23.3 billion, marking a 15% year-on-year growth.

Strong Q4 Performance Across Operations

The company's India operations delivered robust results with sales of INR15.4 billion, representing 12% year-on-year growth and achieving the highest quarterly sales in the company's history. The growth trajectory showed consistent improvement over recent quarters, with growth rates of 7% in Q2 CY25, 9% in Q3 CY25, and 12% in Q4 CY25.

The European operations reported sales of INR7.8 billion in Q4 CY25, showing 21% growth in INR terms, though real growth in euro terms was 4% after accounting for exchange rate translation impact of 17%. The EBITDA margin for European operations was 12.7%, impacted by one-off restructuring costs of EUR 2 million at CIE Legazpi.

Full Year CY25 Results

For the complete calendar year 2025, CIE Automotive India achieved consolidated sales of INR91.2 billion, representing 6% growth over CY24. The India operations contributed INR59.3 billion with 8% growth, while European operations generated INR31.9 billion with 2% growth.

Diversified Business Portfolio

The company operates across multiple geographic and technological segments, with plants in India accounting for 65% of sales and the remaining 35% from Europe and Mexico. In India, the business is well-diversified across segments: light vehicles (53%), 2- and 3-wheelers (23%), tractors (13%), and heavy trucks (11%). The European business focuses primarily on forgings (80% of European sales) and light vehicles (over 50% of European sales).

New Order Wins and Growth Strategy

Management announced significant new business acquisitions for CY25, with new orders worth INR8.7 billion per year in India and INR2.1 billion per year in Europe. Approximately 10% of the new Indian business relates to electric vehicles, while 90% serves internal combustion engine applications.

The company is implementing capacity expansion plans across multiple verticals:

• Forgings: Developing low-pressure fabricated fuel rails and precision forgings
• Aluminum: Focusing on housings for electric vehicles and high-tonnage machined castings
• Iron Castings: Increasing machining proportion and adding new capacity
• Stampings: Targeting high-tonnage press panels with potential new press lines
• Gears and Composites: Upgrading technologies for EV requirements

Financial Position and Cash Flow

The company maintains a strong balance sheet with return on net assets at 18.4% and return on equity at 11.1%. Net financial debt improved to negative INR18.8 billion versus negative INR12 billion in the previous year, indicating substantial cash generation. Operating cash flows reached 71% of consolidated EBITDA, with growth capex of INR2.3 billion concentrated mainly in India.

Market Outlook and Strategic Focus

CEO Ander Arenaza Alvarez expressed strong optimism about the Indian automotive market, citing recent positive developments including the resolution of tariff issues with the US (18% tariff negotiated), the free-trade agreement between Europe and India, and the GST reduction implemented in September. The management expects these factors to drive continued growth momentum.

For Europe, the company is focused on optimizing margins and protecting profitability amid market uncertainties, including slower-than-expected EV adoption and competition from Chinese manufacturers. The European light vehicle production is expected to remain stagnant at 16-17 million units through CY30.

Forward-Looking Initiatives

The company is actively transferring certain production capacities from European facilities to India, with plans to move fully automated presses and gear production cells by April 2026. This strategic shift aims to leverage India's cost advantages while maintaining European quality standards and customer proximity.

Management indicated that capex for CY26 will be higher than the previous year's INR3.8 billion, supporting the planned capacity expansions and new project implementations across various business verticals.