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 553.60 1.90 (0.34%)
NSE 554.25 1.30 (0.24%)

***Note: This is a NSE Chart



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