435.60
0.68%
ICICI Securities Limited
Mahindra CIE's (MCI) consolidated revenues grew ~22% YoY to | 1933 crore supported by new order wins, organic volume growth across businesses, higher realisation & positive exchange rate. EBITDA margins expanded 29 bps YoY to 13.5% driven by Indian operations Revenues from India [standalone + Bill Forge (BFL) + gears business] were at | 815 crore, up ~20% YoY (of which ~9% is constituted by its top three customers, ~4% from higher realisation & ~7% from new clients). EBITDA margins expanded 78 bps YoY to 15.2% due to cost...
CIE Automotive India Ltd. average weekly volume is high.
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