Cyient Ltd Q4 PAT up 49.6% to Rs154.2cr on better cost management

24 Apr 2022 , 09:21 AM

Cyient Ltd reported 8.06% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs1,181.20cr. On a sequential basis, the revenues were marginally lower for the quarter by -0.19%.

For full year FY22, the revenues were higher by 9.73% at Rs4,534cr. In terms of segmental revenues, Cyient reported 12.8% growth in Services revenues at Rs983.2cr while the design led manufacturing business saw -10.8% fall at Rs197.6cr for the fourth quarter.

The board has declared a final dividend of Rs. 14 per share taking the total dividend for the full year to Rs.24 per share.

The consolidated net profit for Q4 was up 49.56% to Rs154.20cr, while the profits were up by 17% on a sequential basis. Obviously, the operating profit boost came from its IT services which saw operating profits for the quarter growing by 47.9% at Rs159cr.

The operating profit for design led manufacturing was lower by -5.8% you. However, overall operating profits were up 37.51% at Rs183.3cr on Q4.

Net margins stood at 13.05% in Mar-22 quarter compared to 9.43% in Mar-21. The net profit margins were higher by 191 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	Cyient Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,181.20	₹ 1,093.10	8.06%	₹ 1,183.40	-0.19%
Net Profit (Rs cr)	₹ 154.20	₹ 103.10	49.56%	₹ 131.80	17.00%
Diluted EPS (Rs)	₹ 14.03	₹ 9.37		₹ 12.01
Net Margins	13.05%	9.43%		11.14%