Cyient surges on reporting 38% rise in Q3 consolidated net profit

Cyient is currently trading at Rs. 972.00, up by 15.30 points or 1.60% from its previous closing of Rs. 956.70 on the BSE.

Cyient
Cyient

The scrip opened at Rs. 957.00 and has touched a high and low of Rs. 982.50 and Rs. 948.50 respectively. So far 13008 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1292.00 on 19-Oct-2021 and a 52 week low of Rs. 511.00 on 22-Jan-2021.

Last one week high and low of the scrip stood at Rs. 1046.35 and Rs. 935.00 respectively. The current market cap of the company is Rs. 10734.82 crore.

The promoters holding in the company stood at 23.41%, while Institutions and Non-Institutions held 57.48% and 19.11% respectively.

Cyient has reported a rise of 40.42% in its net profit at Rs 106.30 crore for the quarter ended December 31, 2021 as compared to Rs 75.70 crore for the same quarter in the previous year. Total income of the company increased by 28.36% at Rs 479.70 crore for Q3FY22 as compared Rs 373.70 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 38.16% in its net profit at Rs 131.80 crore for the quarter ended December 31, 2021 as compared to Rs 95.40 crore for the same quarter in the previous year. Total income of the company increased by 13.07% at Rs 1,205.50 crore for Q3FY22 as compared Rs 1,066.20 crore for the corresponding quarter previous year.