Cyient Shares Down 15% as Net Profit Slumps by 31.6% QoQ to ₹127.7 crore

The share price of Cyient dropped by 15% in today’s trading session after the company reported poor Q3 numbers. Net profit declined by 31.56% at ₹127.7 crore in Q3FY25, compared to ₹186.6 crore in the corresponding quarter a year ago. Year-on-Year (YoY) profit after tax declined by 16.64%.

Revenue from operations grew by 0.5% QoQ at ₹1,909.8 crore.

Karthikeyan Natarajan who served as the executive director and chief executive officer of the company resigned with immediate effect to “explore new challenges and opportunities.”

While earnings before interest and taxes (EBIT) from the digital, engineering, and technology (DET) segment stood at ₹200 crore, its order intake surged by 5% year over year.

As of 9:39 am, shares of Cyient were trading at ₹1,491.95 on the NSE, down 15%.

During the earnings call, Krishna Bodanapu, executive vice chairman and managing director, said, “Cyient Group witnessed positive Q3 FY25 results, with quarterly Group revenue at US$228 Mn and growth of 4.5% YoY in constant currency.”

He said, “Our Semiconductor business continues to witness excellent traction. Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at US$ 175.2 Mn, a growth of 2.4% QoQ and degrowth of 1.9% YoY in constant currency.”

The company's order intake in the December quarter clocked at $312.3 million. The highest ever Cyient DET.

He added, “We have also won 13 large deals in DET business with a total contract potential of $234.5 Mn in Q3 FY25. Our pipeline for the year has improved, with large deals contributing significantly to a strong pipeline, positioning us for sustainable growth in the medium term.”