Cyient Ltd Q3 PAT up 38.16% at Rs131.80cr on sharp spike in operating profits from Services Vertical

21 Jan 2022 , 08:25 PM

Cyient Ltd reported 13.32% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,183.40cr. On a sequential basis, the revenues were higher for the quarter by 6.46%.

During the quarter, Cyient reported 13.62% growth in the top line revenues of the Services vertical at Rs968cr. For the design led manufacturing vertical, the revenues were higher yoy by 11.92% at Rs216cr.

The services portfolio comprises transportation, communication and utilities while DLM focuses more on the digital side of the business.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 38.16% at Rs131.80cr. The boost came from the operating profits of the services vertical where the profits saw growth of 60% yoy at Rs149cr.

However, the operating profit of the design led manufacturing vertical fell by -35% at Rs14.70cr. PAT margins were higher from 9.14% in Dec-20 to 11.14% in Dec-21 quarter.

Sequential net margins were marginally higher by 23 bps as the cost pressures have been showing in the latest quarter.

Financial highlights for Dec-21 compared yoy and sequentially

	Cyient Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,183.40	₹ 1,044.30	13.32%	₹ 1,111.60	6.46%
Net Profit (Rs cr)	₹ 131.80	₹ 95.40	38.16%	₹ 121.30	8.66%
Diluted EPS (Rs)	₹ 12.01	₹ 8.67		₹ 11.05
Net Margins	11.14%	9.14%		10.91%