IT Sector

According to sources, the offering is priced at ₹1,601 per share, which is 10.2% lower than the closing price and 5% lower than the floor price.

As of the June quarter shareholding pattern, the promoter owned 66.66% of Cyient DLM. Domestic mutual funds also own a 16.84% stake.

Walia's hiring comes as the current CFO, Prateek Aggarwal, steps down after nearly six years in the position

HCLSoftware Actian Data Platform witnessed significant growth in Hybrid Data Management and Integration over the previous few years.

According to sources, the deal's floor price of ₹2,180 per share represents a 3.4% discount from the current market price (CMP).

The net profit for the period climbed by 28.8% to ₹851.5 Crore. The margin increased by almost 100 basis points to 8.5% from 7.35%.

EBITDA increased by 36.3% to ₹847.1 Crore in the first quarter of this fiscal year, up from ₹621.5 Crore in the same period last year.

In Q1 of this fiscal year, EBITDA remained constant at ₹19.9 Crore. The EBITDA margin was 7.7% in the reporting quarter.

The company issued an interim dividend of ₹12 per equity share with a face value of ₹2 for fiscal year 25.

The overall order value is around ₹766 Crore. Siemens Limited's participation in the partnership is roughly ₹558 Crore.