Cyient Q2 Results: Net profit rises 132% YoY to Rs 184 crore

IT services company Cyient’s consolidated net profits increased 66 percent YoY to Rs 183.6 crore in the quarter ending in September FY24 from Rs 79.1 crore in the previous year.

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26 Aug, 2025 12:21

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IT services company Cyient’s consolidated net profits increased 132.11 percent YoY to Rs 183.6 crore in the quarter ending in September FY24 from Rs 79.1 crore in the previous year. This was an 8.57 percent QoQ increase from Rs 169.1 crore in the previous quarter. The company announced its results after market hours on October 19.

Ahead of the result announcement, the company’s shares had surged 4.14 percent to Rs 1,750 on October 19.

Its revenue increased by 27.38 percent YoY and 5.45 percent QoQ to Rs 1,778.5 crore in the quarter. In the previous year, the company’s revenues were at Rs 1,396.2 crore. In the June FY24 quarter, the company recorded revenue of Rs 1686.5 crore.

The company’s EBIT margin rose to 14.6 percent, a 272 bps increase from 11.9 percent in the previous year.

In its regulatory filing, the company said it won 5 large deals in the DET (Digital, Engineering & Technology) business with a total contract potential of $51.4 million in the quarter.

The company has announced an interim dividend of Rs 12 per share on a face value of Rs 5 each.

In its outlook for FY24, the company said it expects revenue growth in constant currency terms to be around the lower range of 15-20 percent YoY for DET business.

Cyient is engaged in engineering, manufacturing, data analytics, networks and operations. Among these they work in various business units like aerospace & defence; transportation; industrial, energy and natural resources; semiconductor, internet of things and analytics; medical and healthcare; utilities & geospatial; communications and design-led manufacturing through their subsidiary Cyient DLM.