Engineering and technology solutions company, Cyient has posted a net profit of â¹173 crore, showing a growth of 9.1 per cent year-on-year. It registered a revenue of â¹1,489 crore, reporting a growth of 2.8 per cent y-o-y.
For the financial year 2023-24, the company posted a net profit of â¹689 crore, showing a y-o-y growth of 31.6 per cent. It registered a revenue of â¹5,911 crores, an increase of 16 per cent.
The total dividend for the financial year is put at â¹30 per share.Â
âThe company delivered a balanced performance around growth and profitability,â Krishna Bodanapu, Executive Vice-Chairman and Managing Director, Cyient, said.
Strategic collaborations
âAerospace, sustainability and automotive sectors led the growth in the quarter. We see communications and semiconductor business bouncing back to growth in the financial year 2024-25. Our pipeline for the year appears strong,â Karthikeyan Natarajan, Executive Director and CEO of Cyient, said.
âThis quarter has seen a deepened engagement in our collaborations with Airbus and Deutsche Aircraft. We will be working on the development of Airbusâ cabin âIntelligent Core Management Platformâ and on the detailed design for manufacturing of the rear fuselage section for the 40-seater D328eco regional turboprop aircraft for Deutsche Aircraft,â he said.
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