Motilal Oswal's research report on Cyient DLM
CYIENTDL reported robust revenue growth of ~72% YoY in 2QFY24, led by strong traction in the Aerospace and Defense vertical. Margins were under pressure during the quarter (EBITDA margins declined 580bp YoY) due to an unfavorable business mix, one-time gains in 2QFY23 and relatively higher employee expenses. We maintain our FY24/FY25/FY26 EPS estimates and retain our BUY rating on the stock with a TP of INR870 (35x FY26E EPS).
Outlook
We maintain our FY24/FY25/FY26 EPS estimates and retain our BUY rating on the stock with a TP of INR870 (35x FY26 EPS).
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
