21 Jan 2020 | 11:33 PM

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COMPANYNEWS
Cyient Q2 net profit down 41.58% at Rs 88.50 cr
  Cyient Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-22-2019
The company reported standalone net profit of Rs 88.50 crore for the quarter ended September 30 2019 as compared to Rs 151.50 crore in the same period last year registering a year-on-year decline of 41.58 per cent.


Net revenue of the company declined marginally by 1.03 per cent at Rs 403.60 crore in July-September quarter of this fiscal as against Rs 407.80 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 5.60 per cent to Rs 290.00 crore from Rs 307.20 crore in year ago period.


Other Income dipped by 74.43 per cent at Rs 26.00 crore versus (Sep`18 Rs 101.70 crore).


Operating Profit surged by 12.92 per cent to Rs 113.60 crore as against Rs 100.60 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 14.11 per cent in September quarter.


Interest grew by 975.00 per cent y-o-y to Rs 4.30 crore while Taxation decreased by 44.47 per cent at Rs 21.10 crore (Sep`18 Rs 38.00 crore).