Cyient stock zooms ~6%; reports highest ever PAT of Rs522.40 crore

22 Apr 2022 , 10:17 AM

Cyient Limited, a leading global Technology Solutions company, announced its financial results for the quarter ended March 31, 2022, and annual results for FY22.

Company’s group revenue for Q4FY22 was reported at Rs1181.20 crore with the services revenue at Rs983.50 crore, reporting a jump of 1.7% QoQ.

It has reported the highest ever group EBIT of Rs170.80 crore for Q4FY22, and the EBIT margin stood at 14.5%.

Cyient reports the highest net profit in 12 quarters in Q4FY22 at Rs154.20 crore logging a year-on-year growth of 39.30%. It also reported the highest ever offshoring during the quarter at 51.60%.

It reported a growth of 9.7% yoy in group revenue at Rs4,534.40 crore in FY22. The company also reported the highest-ever group EBIT in FY22 at Rs629.70 crore, witnessing a growth of 51.30% yoy.

Group Order Intake for FY 22 was reported at Rs5,454.3 crore, recording a growth of 8% yoy.

It reported Highest ever Net Profit in FY22 at Rs522.4 crore, with a jump of 40.6% yoy.

Cyient is currently trading at Rs882.55 up by Rs51.4 or 6.18% from its previous closing of Rs831.15 on the BSE. The scrip opened at Rs845 and has touched intraday high and low of Rs904 and Rs845 respectively.