| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 1.9K | 4.2% |
| Total Income | 1.9K | 0.5% |
| Expenditure | 1.7K | 5.4% |
| PBT | 174.30 | 31.5% |
| Net Profit | 127.70 | 31.6% |
| OPM | 5.34% | 0.59pp |
| NPM | 6.72% | 3.10pp |
| EPS | 11.11 | 31.8% |
Cyient Announces Strong Q3FY25 Results; Backed by Robust Growth in Order Intake
24 Jan 2025 · 24 Jan 2025, 01:03 am
Summary
Cyient, a global Intelligent Engineering services company, announced its financial results for the quarter ending December 31, 2024. The company reported a QoQ growth of 2.1% and YoY degrowth of 0.8% in revenue. The EBIT was INR 200 crores with a margin of 13.5%. The PAT was INR 124 crores with YoY degrowth of 28.3%. Order Intake grew by 5% YoY. Cyient has expanded its partnership with Allegro Microsystems and established a Center of Excellence (CoE) to develop next-generation magnetic sensors and power semiconductor products. The company has also secured approval from the Board of Directors to explore additional capital raise options for the Semiconductor subsidiary.
Key Highlights
- 1
Cyient announces strong Q3FY25 results with a 2.1% QoQ growth in revenue
- 2
Order Intake grew by 5% YoY, reaching the highest ever for Cyient DET
- 3
Cyient established a Center of Excellence (CoE) for developing next-generation magnetic sensors and power semiconductor products
- 4
Cyient secured approval from the Board of Directors to explore additional capital raise options for the Semiconductor subsidiary
- 5
Cyient's DET business delivered revenue growth of 2.4% QoQ and degrowth of 1.9% YoY in constant currency
Management Comments
Krishna Bodanapu
Cyient Group witnessed positive Q3 FY25 results, with quarterly Group revenue at US$ 228 Mn, growth of 4.5% YoY in constant currency. Our Semiconductor business continues to witness excellent traction. We have expanded our partnership with Allegro Microsystems and established a Center of Excellence (CoE) at our Manikonda campus to develop next-generation magnetic sensors and power semiconductor products for the automotive industry. The CoE will be crucial in accelerating the development of power integrated circuit (IC) product portfolios, essential components in electric vehicles, advanced driver-assistance systems (ADAS), and other automotive applications. This development strengthens Cyient's position as a leading partner for companies seeking to develop and manufacture cutting-edge semiconductor products. Further, we are delighted to announce that we have secured approval from our Board of Directors to explore additional capital raise options for our recently announced Semiconductor subsidiary. This aligns with our strategy for semiconductor business towards capital readiness and to drive accelerated growth in the near-medium term.
Karthikeyan Natarajan
Karthikeyan Natarajan has decided to step down as Executive Director and Chief Executive Officer of Cyient Limited effective immediately.
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