Cyient DLM witnessed a sharp 10% decline in its share price after announcing its Q3 FY25 financial results. As of 9:21AM, the shares were trading 10.96% lower at Rs 530.75.
The company reported revenue growth of 38.4% year-on-year (YoY), reaching ₹444.2 crore, while standalone revenue rose 11.3% YoY to ₹357.3 crore. Despite the top-line growth, profitability took a hit due to surging costs.
Material expenses climbed 32.5% YoY to ₹331.9 crore, employee costs jumped 72% YoY to ₹52.5 crore, and other expenses surged 127.8% YoY to ₹23.9 crore. Adjusted EBITDA grew 21.9% YoY to ₹35.9 crore, reflecting a margin of 8.1%, but the reported EBITDA dropped 5.3% YoY to ₹27.9 crore, impacted by ₹8 crore in one-time M&A integration costs.
Net profit also declined, with adjusted PAT falling 9.8% YoY to ₹16.6 crore and reported PAT plunging 41.7% YoY to ₹10.8 crore. Margins took a significant hit, with the adjusted PAT margin decreasing by 200 basis points (bps) to 3.7% and the reported PAT margin dropping 332 bps to 2.4%.
Cyient DLM shares opened at ₹561, reached a high of ₹570, and fell to a low of ₹526.25 during the day. The stock hit its 52-week low of ₹526.25, significantly below its 52-week high of ₹883.80.
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.
