Cyient, a global intelligent engineering services company, announced its financial results for the second quarter of FY25, showing steady growth in both revenue and profitability.
Key Financial Highlights:
- Cyient’s Digital, Engineering, and Technology (DET) revenue stood at ₹1,450 crore, reflecting a 2.5% QoQ growth, though it registered a year-on-year decline of 1.8%.
- Constant currency revenue for the DET segment grew 1.3% QoQ but declined by 3.3% YoY.
- The company’s earnings before interest and taxes (EBIT) for the DET segment amounted to ₹206 crore, with an EBIT margin of 14.2%.
- Net profit for the period reached ₹177 crore, marking a year-on-year growth of 2.3%.
Strategic Updates:
Cyient continues to advance its semiconductor business, with the company announcing its agreement to acquire a 27.3% stake in Azimuth AI, a fabless custom ASIC company with expertise in energy and industrial applications. This investment aligns with Cyient’s strategic growth objectives for the semiconductor sector.
Additionally, the company has reached an agreement to acquire Abu Dhabi & Gulf Computer Est. (ADGCE), a technology consulting and digital services provider catering primarily to the energy sector.
Cyient’s leadership remains optimistic about the company’s trajectory, citing solid growth in its Aerospace, Connectivity, and New Growth Areas. The company is witnessing strong momentum in its top 10 accounts, with significant growth reflecting the success of its focused strategy in AI solutions and platforms.
