29 Sep 2020 | 3:26 AM

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COMPANYNEWS
Cyient Q3 net profit up 25.51% at Rs 92.50 cr
  Cyient Ltd. | 17 Jan 2020 | 10:51 AM
Published on 01-16-2020
The company reported standalone net profit of Rs 92.50 crore for the quarter ended December 31 2019 as compared to Rs 73.70 crore in the same period last year registering a year-on-year growth of 25.51 per cent.


Net revenue of the company declined marginally by 3.66 per cent at Rs 397.90 crore in October-December quarter of this fiscal as against Rs 413.00 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 0.85 per cent to Rs 296.80 crore from Rs 294.30 crore in year ago period.


Other Income grew by 360.23 per cent at Rs 44.50 crore versus (Dec`18 Rs -17.10 crore).


Operating Profit slipped by 14.83 per cent to Rs 101.10 crore as against Rs 118.70 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 11.59 per cent in December quarter.


Interest grew by 1750.00 per cent y-o-y to Rs 3.70 crore while Taxation increased by 55.48 per cent at Rs 24.10 crore (Dec`18 Rs 15.50 crore).