Shares of Cyient Ltd fell as much as 9.5% on Friday to Rs 1,125.4 on the BSE after the technology firm reported a 6% year-over-year decline in its profit after tax for the quarter ended March 2025.
Cyient posted a profit after tax of Rs 163.10 crore for Q4FY25, down from Rs 173.50 crore in the same period a year ago. Revenue for the March quarter fell 0.9% sequentially to Rs 1,909.2 crore.
The company's board declared a final dividend of Rs 14 per share for FY24- 25. Additionally, the company said its Leadership, Nomination and Remuneration Committee had granted 27,000 restricted stock units and 200,000 stock options to associates under its Associate Restricted Stock Units Scheme 2020 and Associate Stock Option Plan 2023.
The earnings were announced on Thursday, April 24, after market hours. The company's shares had closed slightly lower by 0.26% at Rs 1,243.05 on April 24, before tumbling on Friday.
For the full fiscal year FY25, Cyient reported revenue of $870 million, reflecting a 1.5% year-on-year growth in constant currency. However, profit after tax for the year fell 15.4% to Rs 622 crore. EBIT margin came in at 12%, down 258 basis points from the previous year.
Core business pressures
Cyient’s design, engineering and technology (DET) services segment, a key business unit, reported revenue of $688 million for the year, a 3% decline in constant currency terms. EBIT margin for the DET business fell 261 basis points to 13.5%.
Also read | Cyient shares in focus after launch of semiconductor subsidiary to tap global chip market
Order intake in the DET segment stood at $836 million, down about 7% year-on-year. The company said this decline was “partly attributed to evolving uncertainties during FY25 relative to the previous fiscal year.” The business secured 24 large deals during the year with a total contract value of $370.8 million.
As part of its strategic growth initiatives, Cyient recently launched a semiconductor subsidiary and appointed Suman Narayan as its CEO. “Suman is a globally recognised professional in the semiconductor industry,” said Krishna Bodanapu, Executive Vice Chairman and Managing Director.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Cyient posted a profit after tax of Rs 163.10 crore for Q4FY25, down from Rs 173.50 crore in the same period a year ago. Revenue for the March quarter fell 0.9% sequentially to Rs 1,909.2 crore.
The company's board declared a final dividend of Rs 14 per share for FY24- 25. Additionally, the company said its Leadership, Nomination and Remuneration Committee had granted 27,000 restricted stock units and 200,000 stock options to associates under its Associate Restricted Stock Units Scheme 2020 and Associate Stock Option Plan 2023.
The earnings were announced on Thursday, April 24, after market hours. The company's shares had closed slightly lower by 0.26% at Rs 1,243.05 on April 24, before tumbling on Friday.
For the full fiscal year FY25, Cyient reported revenue of $870 million, reflecting a 1.5% year-on-year growth in constant currency. However, profit after tax for the year fell 15.4% to Rs 622 crore. EBIT margin came in at 12%, down 258 basis points from the previous year.
Core business pressures
Cyient’s design, engineering and technology (DET) services segment, a key business unit, reported revenue of $688 million for the year, a 3% decline in constant currency terms. EBIT margin for the DET business fell 261 basis points to 13.5%.
Also read | Cyient shares in focus after launch of semiconductor subsidiary to tap global chip market
Order intake in the DET segment stood at $836 million, down about 7% year-on-year. The company said this decline was “partly attributed to evolving uncertainties during FY25 relative to the previous fiscal year.” The business secured 24 large deals during the year with a total contract value of $370.8 million.
As part of its strategic growth initiatives, Cyient recently launched a semiconductor subsidiary and appointed Suman Narayan as its CEO. “Suman is a globally recognised professional in the semiconductor industry,” said Krishna Bodanapu, Executive Vice Chairman and Managing Director.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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