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CIE Automotive India: ICICI Securities Maintains 'Buy' After Q4 Results, Revises Target Price — Here's Why
Stocks To Buy: ICICI Securities maintains Buy with a DCF-based revised target price of Rs 560
25 Feb 2025, 07:26 AM IST 
CIE Automotive India Ltd.'s Q4 CY24 consolidated PAT of Rs 1.8 billion was lower than consensus estimate of Rs 1.9 billion, with ~4% miss in revenue and ~100 basis points miss in Ebitda margin.
(Photo Source: Company website)
India revenue growth was 4% YoY, owing to delay in ramp-up of fresh orders under AEL and Billforge. CIE Automotive remains confident of growth from these orders during CY25.
