Key Financial Figures - Q2 CY2026

Consolidated Performance:

  • Sales: ₹25,432 million (11% YoY growth from ₹22,906 million)
  • EBITDA: ₹4,183 million (17% YoY growth from ₹3,588 million)
  • EBITDA Margin: 16.4% (vs 15.7% in Q2CY25)
  • EBIT: ₹3,212 million (18% YoY growth from ₹2,718 million)
  • EBIT Margin: 12.6% (vs 11.9% in Q2CY25)
  • EBT: ₹3,120 million (15% YoY growth from ₹2,708 million)
  • EBT Margin: 12.3% (vs 11.8% in Q2CY25)

Segment Performance - Q2 CY2026:

India Operations:

  • Sales: ₹17,039.83 million
  • Profit before tax and interest: ₹2,194.46 million
  • Good growth aligned with positive market evolution
  • Margins slightly affected by price inflation from West Asia conflict impacting raw materials, energy & consumables

Europe Operations:

  • Sales: ₹9,167.36 million
  • Profit before tax and interest: ₹1,038.99 million
  • Real sales growth in Euros: -6% (Exchange rate positive effect +13%)
  • Margin recovery due to effect of last year's restructuring activities

Key Financial Figures - H1 CY2026

Consolidated Performance:

  • Sales: ₹52,325.03 million (16% YoY growth)
  • EBITDA: ₹8,486 million (16% YoY growth from ₹7,305 million)
  • EBITDA Margin: 16.7% (vs 16.3% in H1CY25)
  • EBIT: ₹6,572 million (18% YoY growth from ₹5,569 million)
  • EBIT Margin: 12.9% (vs 12.4% in H1CY25)
  • EBT: ₹6,398 million (18% YoY growth)
  • EBT Margin: 12.6% (vs 12.1% in H1CY25)
  • PAT: ₹4,850 million (18% YoY growth from ₹4,099 million)
  • PAT Margin: 9.5% (vs 9.1% in H1CY25)

Segment Performance - H1 CY2026:

India Operations:

  • Sales: ₹33,675.15 million (14% YoY growth from ₹29,818.00 million)
  • EBITDA: ₹6,235 million (9% YoY growth from ₹5,805 million)
  • EBITDA Margin: 17.2% (vs 18.0% in H1CY25)
  • PAT: ₹3,331 million (8% YoY growth from ₹3,096 million)
  • Double-digit growth supported by favorable market
  • Good margin slightly affected by cost inflation from West Asia conflict

Europe Operations:

  • Sales: ₹18,652.68 million (12% YoY growth from ₹16,604.09 million)
  • EBITDA: ₹2,863 million (35% YoY growth from ₹2,124 million)
  • EBITDA Margin: 15.8% (vs 13.1% in H1CY25)
  • PAT: ₹1,518 million (51% YoY growth from ₹1,003 million)
  • PAT Margin: 8.4% (vs 6.2% in H1CY25)
  • Drop in euro terms of -3% due to weak European automotive market
  • Margin improvement from restructuring actions

Balance Sheet Position (as of 30th June 2026)

Consolidated Balance Sheet:

  • Fixed Assets: ₹64,785 million (vs ₹63,808 million as of 31st Dec 2025)
  • Net Working Capital: ₹2,907 million (vs ₹3,840 million as of 31st Dec 2025)
  • Total Net Assets: ₹67,692 million (vs ₹59,968 million as of 31st Dec 2025)
  • Equity: ₹77,439 million (vs ₹74,591 million as of 31st Dec 2025)
  • Net Financial Debt: ₹14,161 million (reduced from ₹18,807 million as of 31st Dec 2025)
  • NFD/EBITDA: 0.83x (improved from 1.28x)
  • NFD/Equity: 0.18x (improved from 0.25x)
  • RONA: 19.4% (vs 18.4%)
  • ROE: 12.5% (vs 11.1%)

Cash Flow Highlights - H1 CY2026:

  • EBITDA: ₹8,486 million
  • Operating CF: ₹6,202 million (73% of EBITDA)
  • Maintenance Capex: ₹876 million
  • Growing Capex: ₹1,254 million
  • Tax Payment: ₹1,234 million
  • Working Capital Variation: ₹7,007 million
  • Dividend Distribution: ₹2,656 million
  • Financial Cash Flow: ₹4,646 million

Market Update

India Market Performance:

Q2CY26 vs Q2CY25:

  • Light Vehicles: +16.2%
  • 2 Wheelers: +22.9%
  • Tractors: +14.6%
  • MHCVs: +6.3%

Q2CY26 vs Q1CY26:

  • Light Vehicles: -7.5%
  • 2 Wheelers: +2.7%
  • Tractors: +0.9%
  • MHCVs: -28.7%

Europe Market Performance (without Russia):

Q2CY26 vs Q2CY25:

  • Light Vehicles: -2.4%
  • MHCVs: -2.5%

Q2CY26 vs Q1CY26:

  • Light Vehicles: -0.5%
  • MHCVs: -2.9%

Exchange Rates

  • Average for Q2 CY2026: ₹110.12/€
  • Average for H1 CY2026: ₹108.59/€
  • As on 30 Jun 2026: ₹107.86/€

SEBI Results Summary

Consolidated Quarterly Results (Q2CY26):

  • Total Income: ₹26,491.98 million
  • Profit before tax from continuing operations: ₹3,120.14 million
  • Tax Expense: ₹775.57 million
  • Profit after tax from continuing operations: ₹2,344.57 million
  • Profit from discontinued operations (after tax): ₹11.58 million
  • Total Profit for the period: ₹2,356.15 million
  • Basic EPS (continuing operations): ₹6.18
  • Basic EPS (discontinued operations): ₹0.03
  • Basic EPS (total): ₹6.21

Consolidated Half-Yearly Results (H1CY26):

  • Total Income: ₹52,894.67 million
  • Profit before tax from continuing operations: ₹6,398.42 million
  • Tax Expense: ₹1,573.26 million
  • Profit after tax from continuing operations: ₹4,825.16 million
  • Profit from discontinued operations (after tax): ₹24.65 million
  • Total Profit for the period: ₹4,849.81 million
  • Basic EPS (continuing operations): ₹12.72
  • Basic EPS (discontinued operations): ₹0.06
  • Basic EPS (total): ₹12.78

Corporate Developments

  • CIE Aluminium Casting India Limited (CACIL) is in the process of being merged with CIE India
  • Scheme of Amalgamation filed with NCLT for merger of CACIL with holding company
  • Final dividend of INR 7 per equity share paid during quarter ended June 30, 2026
  • Impact of Labour Codes implementation: ₹132.17 million incremental net impact recorded in Q4CY25