Cyient shares surge over 5% after announcing its financial results for the second quarter of FY25. The results reflect steady growth in both revenue and profitability, despite a slight year-on-year decline in certain segments.
Key Financial Highlights:
- DET Revenue: Cyient’s Digital, Engineering, and Technology (DET) segment generated revenue of ₹1,450 crore, reflecting a 2.5% quarter-on-quarter (QoQ) growth. However, on a year-on-year (YoY) basis, the segment saw a decline of 1.8%.
- Constant Currency Revenue: Revenue for the DET segment in constant currency grew 1.3% QoQ but registered a 3.3% decline YoY.
- EBIT: Earnings before interest and taxes (EBIT) for the DET segment stood at ₹206 crore, with an EBIT margin of 14.2%.
- Net Profit: The company reported a net profit of ₹177 crore for Q2 FY25, marking a year-on-year growth of 2.3%.
Cyient’s performance in Q2 FY25 highlights quarter-on-quarter growth while addressing some year-on-year challenges. Despite certain declines, the company continues to maintain resilience in its core DET segment.
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