Motilal Oswal's research report on Cyient DLM
Cyient DLM (CYIENTDL) reported a healthy quarter, with revenue growth of ~19% YoY in 1QFY25, led by significant traction in the aerospace and defense verticals. However, margins declined 140bp YoY to 7.8%, mainly due to higher SG&A expenses.We maintain our FY25/FY26 EPS estimates and retain our BUY rating on the stock with a TP of INR880 (40x FY26E EPS).
Outlook
We maintain our FY25/FY26 EPS estimates and retain our BUY rating on the stock with a TP of INR880 (40x FY26 EPS).
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