Shares of Cyient fell nearly 2% on Friday, January 23, after the company reported its Q3 FY26 consolidated financial results. The stock came under pressure as a sharp sequential decline in net profit overshadowed steady growth in revenue and operating earnings.
For the December quarter, Cyient reported consolidated revenue of Rs 1,849 crore, up 3.8% quarter-on-quarter compared with Rs 1,781 crore in Q2 FY26. Operating performance improved, with EBIT rising 14% sequentially to Rs 167 crore from Rs 147 crore. This led to an expansion in EBIT margin to 9% from 8.2% in the previous quarter, indicating better operational efficiency.
Despite the improvement at the operating level, profitability weakened. Net profit for Q3 FY26 declined 28% quarter-on-quarter to Rs 91.8 crore, compared with Rs 128 crore in the September quarter. The sharp drop in the bottom line weighed on investor sentiment and triggered selling pressure in early trade.
As of 9:57 AM IST, Cyient shares were trading 1.08% lower at Rs 1,122.20, reflecting cautious market reaction to the mixed set of earnings.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
