Cyient Ltd's Q2FY17 consolidated net profit rises 31.47% qoq to Rs.97.25 crore : Beats Estimates

India Infoline Research Team | October 13, 2016 15:20 IST

Cyient Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 QoQ (%)
Revenue 913.84 10.0
EDITDA 127.19 17.3
EBITDA Margin (%) 13.9 87
Net Profit (adjusted) 97.25 31.5
***EBITDA margin change is bps


Cyient’s Q2FY17 result beat the market consensus. The street was expecting topline growth of ~4% QoQ, EBITDA to decline by ~3% QoQ and bottomline to grow by ~8% QoQ.

The consolidated net revenue for the quarter grew by 10% QoQ to Rs. 914 cr due strong growth in Communication and Transportation vertical.

The consolidated EBITDA grew by 17.3% QoQ to Rs. 127.2 cr due to strong revenue growth and improvement in EBITDA margins by 87 bps QoQ. The consolidated EBITDA margin for Q2FY17 stood at 13.9% against 13.1% of previous quarter.

The consolidated net profit grew 32.3% QoQ to Rs. 97.3 cr against Rs. 74 cr of last quarter.


Technical View:

Cyient Ltd is currently trading at Rs. 504.55, up by 0.95 points or 0.19% from its previous closing of Rs. 503.6 on the BSE.
The scrip opened at Rs. 505 and has touched a high and low of Rs. 522.2 and Rs. 501 respectively. So far 296101(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 509.85 [1.10] ([0.22]%)
NSE 508.95 [3.70] ([0.72]%)

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.