Cyient Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Cyient Ltd reported a 0.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.8%.
- Its expenses for the quarter were up by 5.4% QoQ and 9.1% YoY.
- The net profit decreased 31.6% QoQ and decreased 16.6% YoY.
- The earnings per share (EPS) of Cyient Ltd stood at 11 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1909.80 | 1900.20 | 1840.20 | 0.5% | 3.8% |
Total Expenses | 1735.50 | 1645.90 | 1590.20 | 5.4% | 9.1% |
Profit Before Tax | 174.30 | 254.30 | 199.70 | -31.5% | -12.7% |
Tax | 45.90 | 67.70 | 46.50 | -32.2% | -1.3% |
Profit After Tax | 127.70 | 186.60 | 153.20 | -31.6% | -16.6% |
Earnings Per Share | 11.00 | 16.10 | 13.30 | -31.7% | -17.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Cyient Ltd is a leading company that operates in the information technology and engineering services sector. The company is primarily engaged in providing a range of services including geospatial, engineering design, and network and operations management. Cyient serves various industries such as aerospace, automotive, communications, and utilities, offering tailored solutions that align with the needs of its diverse client base. The company is recognized for its commitment to innovation and delivering high-quality services. Although specific recent developments are not provided, Cyient's strategic focus is typically on expanding its technological capabilities and market reach to enhance its service offerings.
Revenue
In the third quarter of fiscal year 2025, Cyient Ltd reported a total income of ₹1909.80 crores. This reflects a quarter-over-quarter increase of 0.5% from the previous quarter's revenue of ₹1900.20 crores. On a year-over-year basis, the total income increased by 3.8% compared to ₹1840.20 crores in the same quarter of the previous fiscal year. This growth in revenue indicates ongoing demand for the company's services across its operational sectors. The steady increase in total income highlights Cyient's ability to maintain its revenue streams despite potential market fluctuations.
Profitability
The company’s profitability faced some challenges in the third quarter of fiscal year 2025. Cyient reported a profit before tax of ₹174.30 crores, which marks a significant decrease of 31.5% from the prior quarter's profit before tax of ₹254.30 crores. Compared to the same quarter in the previous year, there was a decline of 12.7% from ₹199.70 crores. Consequently, the profit after tax for Q3FY25 stood at ₹127.70 crores, representing a 31.6% decrease quarter-over-quarter and a 16.6% decline year-over-year. The company's earnings per share also dropped to ₹11.00 from ₹16.10 in the previous quarter and ₹13.30 in the same quarter last year, reflecting a similar downward trend in profitability metrics.
Operating Metrics
Total expenses for Cyient in Q3FY25 amounted to ₹1735.50 crores, which is a 5.4% increase from the previous quarter's expenses of ₹1645.90 crores. Year-over-year, total expenses rose by 9.1% from ₹1590.20 crores in Q3FY24. The increase in expenses outpaced the growth in total income, impacting the profitability margins for the quarter. The tax expense for Q3FY25 was ₹45.90 crores, showing a reduction of 32.2% compared to the prior quarter's ₹67.70 crores, and a slight decrease of 1.3% from ₹46.50 crores in Q3FY24. The reduction in tax aligns with the lower profit before tax, maintaining tax efficiency relative to the company's earnings.
