Shares of Cyient came under pressure in Friday’s trading session, slipping more than 3% after the company reported a mixed set of results for the fourth quarter. While revenue showed modest growth, profitability took a significant hit, raising concerns among investors.
For the quarter, Cyient reported consolidated revenue of ₹1,927 crore, marking a 4.2% increase compared to ₹1,849 crore in the previous quarter. However, the growth in topline failed to translate into improved earnings.
Operating performance remained weak, with EBIT declining 6.8% quarter-on-quarter to ₹156 crore from ₹167 crore. The EBIT margin also contracted by 95 basis points to 8.08%, compared to 9.03% in the previous quarter, indicating pressure on cost structures and operational efficiency.
The sharpest decline was seen in the bottom line. Net profit plunged 40.3% QoQ to ₹54.8 crore, down from ₹91.8 crore in the preceding quarter. The steep fall in profit appears to have dampened investor sentiment, triggering a sell-off in the stock.