Mahindra Cie Automotive Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 21, 2021 at 01:42 pm
Share
Mahindra CIE Automotive Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was INR 20,540.38 million compared to INR 7,534.16 million a year ago. Net income was INR 1,361.98 million compared to net loss of INR 1,287.39 million a year ago. Basic earnings per share from continuing operations was INR 3.59 compared to basic loss per share from continuing operations of INR 3.4 a year ago. For the half year, total revenue was INR 42,627.97 million compared to INR 24,210.08 million a year ago. Net income was INR 1,462.92 million compared to net loss of INR 660.53 million a year ago. Basic earnings per share from continuing operations was INR 3.86 compared to basic loss per share from continuing operations of INR 1.74 a year ago.
CIE Automotive India Limited is an India-based company. The Company is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers (including suppliers of components) in India and overseas. The Companyâs products include forgings, gears, iron castings, composites, magnetics, aluminum, and stampings. Its forgings products include crankshafts, CV joints, knuckles, diff crowns, and spindle. Its iron castings products include crankshafts, turbine housings, differential housings, axle housings, and gear carrier. Its composites products include front lid, wind shield-electric-3wh, electric box top tray, crash shields fuel tanks, and front bumper. Its aluminum products include crank case, pump housing, turbo cover (GDC), and brake panel. Its stampings products include chassis and structural parts, BIW panels and assemblies, cross car beam, safety assemblies, and fuel tank.