CIEINDIA

March 20 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• CIE AUTOMOTIVE INDIA LTD - TERMINATES AGREEMENT WITH IJYA RENEWABLES

• CIE AUTOMOTIVE INDIA LTD - PROPOSED ACQUISITION OF IJYA RENEWABLES SHARES CANCELLED

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** Shares of CIE Automotive India CIEA.NS fall 2.3% to 411 rupees

** The autoparts maker posted a 9% rise in Q3 consolidated net profit; rev from ops fell 6% Y/Y

** Rev from European Union continued to be weak; India rev slipped sequentially, in line with industry, said analysts at ICICI Securities

** The brokerage cut CIEA's current year 2025 EPS estimates by ~10%, flagging continued slowdown in Europe business and delay in ramp-up of fresh projects

** Five analysts covering the stock on avg have a "buy" rating; median PT is 500 rupees - LSEG data

** Stock down 10% so far this month, eyes seventh straight monthly drop

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 20 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.85 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 21.1 BILLION RUPEES

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** Shares of CIE Automotive India CIEA.NS down 2% to 492.4 rupees, its lowest in nearly five months

** Auto parts maker's Sept-qtr consol net profit declined 48% Y/Y, rev from ops fell 6.3%

** Analysts' avg rating on stock is "Buy", median PT is 650 rupees - LSEG data

** Stock up ~5% YTD

(Reporting by Manvi Pant in Bengaluru)

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Oct 24 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.95 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 21.35 BILLION RUPEES

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Aug 9 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• TO SUBSCRIBE TO 31.2% STAKE OF RENEW GREEN (MHK TWO)

• TO INVEST UPTO 36 MILLION RUPEES FOR SUBSCRIPTION IN STAKE OF RENEW GREEN

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** Shares of CIE Automotive India CIEA.NS down 3.7% to 584.5 rupees

** Co's consolidated net profit fell 28.1% YoY

** Stock on track for worst day since March 13

** CIEA rated "strong buy" on avg, rival Samvardhana Motherson International SAMD.NS rated "buy" - LSEG data

** CIEA stock up ~24% YTD, SAMD up ~91%

(Reporting by Varun Vyas in Bengaluru)

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July 18 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• CIE AUTOMOTIVE INDIA JUNE-QUARTER CONSOL NET PROFIT 2.17 BILLION RUPEES

• CIE AUTOMOTIVE INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 22.93 BILLION RUPEES

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May 2 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• CIE AUTOMOTIVE INDIA MARCH-QUARTER CONSOL NET PROFIT 2.3 BILLION RUPEES VERSUS PROFIT 2.79 BILLION RUPEES

• CIE AUTOMOTIVE INDIA MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 24.27 BILLION RUPEES VERSUS 24.4 BILLION RUPEES

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** Shares of CIE Automotive India CIEA.NS down 1.8% at 474.5 rupees

** Stock falls as much as 2.2% to day's low of 472.8 rupees in early trading

** Auto components supplier reported a 55% sequential drop in Dec-qtr net profit

** Revenue from operations fell 1.7%

** Market slowdown in EU operations and drop in the U.S. off-highway market hurt the performance, brokerage Motilal Oswal

** Stock on track for third consecutive week of losses, if trend holds

** More than 651,000 shares change hands by 10:57 a.m. IST, 1.5x its 30-day avg

** Stock inched up ~0.9% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 19 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• CIE AUTOMOTIVE INDIA DEC-QUARTER CONSOL NET PROFIT 1.89 BILLION RUPEES VERSUS LOSS 6.58 BILLION RUPEES

• CIE AUTOMOTIVE INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 22.4 BILLION RUPEES VERSUS 22.47 BILLION RUPEES

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Jan 19 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• GOT GST ORDER FOR DEMAND OF 5.1 MILLION RUPEES

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BENGALURU, Oct 17 (Reuters) - Auto components maker CIE Automotive India CIEA.NS on Tuesday reported a 11.4% rise in third-quarter profit - its slowest growth in four quarters - hurt by a sharp slide in its European segment revenue.

The unit of Spain's CIE Automotive CIEA.MC reported a consolidated profit from continuing operations of 1.87 billion rupees ($22.46 million) for the three months to Sept. 30, compared with 1.68 billion rupees a year earlier.

Weak demand for cars in CIE's key Europe market, which analysts say brings higher margins, also saw overall revenue rise just 2.2% – its slowest growth in five quarters.

Revenue from the European segment – which fell for a second-straight quarter – declined around 38%. Revenue from CIE's domestic business dropped 0.4%.

The company, which makes gear boxes and engine parts among other things and counts Maruti Suzuki MRTI.NS and Hero MotoCorp HROM.NS among its customers also named Shriprakash Shukla as its chairman.

Shares of the company ended 3.7% lower ahead of the results. CIE shares are up 43.5% so far this year, outperforming the Nifty Auto index's .NIFTYAUTO 31% rise.

($1 = 83.2427 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Nivedita Bhattacharjee)

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Oct 16 (Reuters) - CIE Automotive SA CIEA.MC:

• COMPLETES THE DISPOSAL OF ITS GERMAN FORGING MANUFACTURING BUSINESS

• HAS COMPLETED SALE TO FERRAL UNITED GMBH - SUBSIDIARY OF MUTARES SE & CO. KGAA - OF ITS FORGED COMPONENTS MANUFACTURING BUSINESS IN GERMANY

• TRANSACTION IMPLIES DISPOSAL OF COMPANIES HELD BY CIE AUTOMOTIVE THROUGH ITS INDIAN UNIT CIE AUTOMOTIVE INDIA: SCHÖNEWEISS & CO, GESENKSCHMIEDE SCHNEIDER, FALKENROTH UMFORMTECHNIK, AND JECOJELLINGHAUS

• ENTERPRISE VALUE OF THE TRANSACTION AMOUNTS TO EUR 55.5 MILLION

• EQUITY VALUE AMOUNTS TO 25 MILLION EUROS, WHICH INCLUDES CERTAIN CONTINGENT PAYMENTS OF 2.3 MILLION EUROS

• SALE OF BUSINESS DOES NOT HAVE SIGNIFICANT ADDITIONAL IMPACT ON CIE AUTOMOTIVE'S CONSOLIDATED INCOME STATEMENT

  
  

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Aug 25 (Reuters) - CIE Automotive India Ltd CIEA.NS:

• GUJARAT POLLUTION CONTROL BOARD DIRECTED CO TO PAY INTERIM ENVIRONMENTAL DAMAGE COMPENSATION OF 6.27 MILLION RUPEES

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** Shares of CIE Automotive India CIEA.NS rise as much as 4.98% to 520.95 rupees, a one-month high

** Brokerage ICICI Direct starts with "buy" rating on stock, estimates a potential upside of 26% in next 12 months, driven by strong domestic growth potential and export focus

** Automotive component supplier's stock is ripe for re-rating- brokerage

** Sees CIEA as potential beneficiary of the electric vehicles transition

** Brokerage terms stock "the high conviction pick" in mid-cap auto ancillary space

** Trading volume at 1.05 mln shares as of 2:07 p.m. IST, 1.2 times the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of CIE Automotive India Ltd CIEA.NS rise as much as 9.3% to an all-time high of 579.75 rupees

** Auto components supplier on Tuesday reported June-qtr consolidated net profit rose ~60%, aided by sales growth in its Indian and European markets

** Stock on track to snap four straight sessions of declines

** Stock trading above its 50-, 100-, and 200-day moving averages since April 27, suggesting bullish bias

** Trading volume at ~726,300 shares, slightly below 30-day avg of ~731,200 shares as of 9:20 a.m. IST

** Average rating of six analysts covering stock equivalent to "buy"; median PT is 520 rupees - Refinitiv data

** Stock up ~2.65%, taking YTD gains to ~62%

($1 = 82.0850 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

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BENGALURU, July 18 (Reuters) - Auto components supplier CIE Automotive India CIEA.NS on Tuesday reported a 60% jump in second-quarter profit, boosted by the growth in Indian and European markets.

The unit of Spain's CIE Automotive CIEA.MC reported a consolidated net profit of 3.02 billion rupees ($36.8 million) for the quarter ended June 30, compared to 1.89 billion rupees a year ago.

The quarter saw a sequential uptick in India's two-wheeler sales on improving consumer sentiment across the wedding and festive seasons, while the passenger vehicle volume growth moderated owing to supply chain disruptions, global brokerage Investec said.

The company's European business, which constituted around 49% of its consolidated segmental revenue for the quarter, grew 5.3% year-on-year, outperforming the Indian business, which grew 4.8%.

However, its Indian business accounted for around 61% of sales, with the European segment amounting for the rest.

The company, which counts Maruti Suzuki MRTI.NS, Hero MotoCorp HROM.NS, Mahindra and Mahindra MAHM.NS, and Volkswagen VOWG_p.DE among its customers, reported a 4.7% jump in revenue at 23.20 billion rupees, while expenses rose 3.5%.

Earlier in the quarter, Mahindra divested its entire stake in the company, resulting in a change in the name of the company from Mahindra CIE Automotive to CIE Automotive India.

Shares of the company ended down 2% ahead of the results.

($1 = 82.0702 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Sonia Cheema and Varun H K)

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** Shares of Mahindra CIE Automotive Ltd MAHN.NS jump as much as 9.01% to a fresh record-high of 493.65 rupees

** About 12.24 mln shares, or around 3.24% equity, change hands in a block, as of 10:43 a.m. IST, at 463.05 rupees per share

** On Tuesday, media reports said that parent Mahindra & Mahindra Ltd MAHM.NS planned to sell 3.2% stake in MAHN

** Stock most active in five years, with trading volume of 16.96 mln shares as of 10:52 a.m. IST, 12x the 30-day avg -Refinitiv data

** All six analysts tracking MAHN maintain "buy"; median TP is 490 rupees

** Relative strength index is 78, suggesting the stock may be overbought

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 27 (Reuters) - Mahindra CIE Automotive Ltd MAHN.NS:

• MAHINDRA CIE AUTOMOTIVE - INVESTED 9.24 MILLION RUPEES TOWARDS SUBSCRIPTION OF ADDITIONAL 115,500 EQUITY SHARES OF STRONGSUN SOLAR

• MAHINDRA CIE AUTOMOTIVE LTD - ACQUISITION WILL CONSTITUTE 27.35% OF POST-ISSUE PAID-UP CAPITAL OF STRONGSUN

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** Shares of Indian auto components supplier Mahindra CIE Automotive MAHN.NS rise as much as 9.5% to 392.70 rupees, sharpest intraday pct gain since Feb. 24

** Subsidiary of Spain's CIE Automotive CIEA.MC reports near-73% jump in first-quarter consol profit which came in at 2.79 bln rupees ($34.04 mln), helped by strong domestic and European demand

** Europe, a key market for co, clocks rev of 15.53 bln rupees for the qtr, up 20.7% YOY, while rev from India business up 13.3% on lower commodity costs and pent-up demand supporting sales in domestic auto industry

** Shares hit their highest since March 10

** About 842,981 shares traded by 9:19 a.m. IST, 0.6x the 30-day avg

** All seven analysts have "buy" or higher rating on stock; median PT is 397 rupees - Refinitiv data

** Stock up 4.3% so far this year, up to last close

($1 = 81.9650 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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April 25 (Reuters) - Mahindra CIE Automotive Ltd MAHN.NS:

• INDIA'S MAHINDRA CIE AUTOMOTIVE MARCH-QUARTER CONSOL PROFIT 2.79 BILLION RUPEES VERSUS PROFIT 1.61 BILLION RUPEES

• MAHINDRA CIE AUTOMOTIVE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 24.4 BILLION RUPEES VERSUS 20.61 BILLION RUPEES

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