Financial Highlights:
Revenue:
- ₹444.2 crore, up 38.4% YoY from ₹321 crore in Q3 FY24.
- Standalone revenue at ₹357.3 crore, marking an 11.3% YoY growth.
Cost Breakdown:
- Material costs surged 32.5% YoY to ₹331.9 crore.
- Employee costs rose 72.0% YoY to ₹52.5 crore.
- Other expenses increased sharply by 127.8% YoY to ₹23.9 crore.
Profitability Metrics:
- Adjusted EBITDA: ₹35.9 crore, up 21.9% YoY, with a margin of 8.1% (down 109 bps YoY).
- Reported EBITDA: ₹27.9 crore, a decline of 5.3% YoY, impacted by ₹8 crore in one-time M&A integration expenses.
- Adjusted PAT: ₹16.6 crore, down 9.8% YoY from ₹18.4 crore in Q3 FY24.
- Reported PAT: ₹10.8 crore, declining 41.7% YoY due to exceptional expenses.
Margins:
- Adjusted PAT margin: 3.7% (down 200 bps YoY).
- Reported PAT margin: 2.4% (down 332 bps YoY).
Operational Insights:
- EBITDA margins declined due to increased expenses and one-off costs.
- Depreciation rose 73.9% YoY to ₹10 crore.
- Finance costs increased 19.9% YoY to ₹10 crore.
Conclusion:
Cyient DLM’s Q3 FY25 performance reflects strong revenue growth supported by operational expansion. However, profitability and margins were under pressure due to rising costs and exceptional items. The company remains focused on optimizing operational efficiencies and integrating recent acquisitions effectively.
TOPICS:
Cyient DLM