After reporting 14 percent growth in its net profit in Q4FY23, Cyient Limited stock jumped up to 6.06 percent 1157.60 in intraday trade on Friday. The company’s shares also reached a 52-week high. 1,194.10 per share on BSE.
The company reported net profit 176 crore, which was up 8.1 percent QoQ and 14.1 percent YoY. reported consolidated net revenue of 1448.9 crore for the quarter under review. Its net revenue grew 8.2 percent QoQ and 48.3 percent YoY. Its normalized group EBIT stood 249.4 crore, with a margin of 14.2%. The firm reported Group CC revenue growth of 6.6% QoQ and 39.1% YoY.
The mid cap IT firm has also declared the final dividend 15 per equity share for FY23.
Cyient Limited is a Mid Cap IT company having registered market cap of 12,067 crore during today’s closing. Cyient is a multinational provider of technology solutions with a focus on industry consulting. More than 300 customers from various industries, including 29 Fortune 500 firms, are served by the company’s services and solutions.
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