Hyderabad-based Cyient Q3 profit jumps 38% to Rs 132 cr
Hyderabad: Hyderabad-based Cyient reported a 38 per cent year-on-year jump in net profit during the third quarter at Rs 131.7 crore. The company’s revenue stood at Rs 1,183.4 crore, with YoY growth at 13.3 per cent while the EBIT margin stood at 13.9 per cent leading to highest ever operating profit. The Group order intake […]
Hyderabad: Hyderabad-based Cyient reported a 38 per cent year-on-year jump in net profit during the third quarter at Rs 131.7 crore.
The company’s revenue stood at Rs 1,183.4 crore, with YoY growth at 13.3 per cent while the EBIT margin stood at 13.9 per cent leading to highest ever operating profit. The Group order intake stood at Rs 1,690 crore, representing a YoY growth of 15.9 per cent. Offshoring is at 51.3 per cent, highest in the last ten quarters.
Krishna Bodanapu, MD and CEO, Cyient, said, “Most operating parameters are at historical highs, and we are confident we can build on this and continue to deliver accelerated performance.”
“Our investments in technology and automation have empowered our delivery and operations to deliver continued customer success amidst the challenges posed by yet another surge of Covid,” he added.
During this quarter, Cyient fortified its consulting-led tech solutions centric strategy with its foray into management consulting under the umbrella of – Cyient Consulting. With this, the company will codesign bespoke, practical, performance- based business transformation solutions for enterprises across industries to enable sustainable growth.
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