Cyient Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 25, 2024 at 05:34 am EST
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Cyient Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 18,214 million compared to INR 16,182 million a year ago. Revenue was INR 18,402 million compared to INR 16,457 million a year ago. Net income was INR 1,472 million compared to INR 1,560 million a year ago. Basic earnings per share from continuing operations was INR 13.41 compared to INR 14.26 a year ago. Diluted earnings per share from continuing operations was INR 13.29 compared to INR 14.17 a year ago.
For the nine months, sales was INR 52,864 million compared to INR 42,645 million a year ago. Revenue was INR 53,289 million compared to INR 43,454 million a year ago. Net income was INR 4,936 million compared to INR 3,512 million a year ago. Basic earnings per share from continuing operations was INR 45.01 compared to INR 32.12 a year ago. Diluted earnings per share from continuing operations was INR 44.63 compared to INR 31.93 a year ago.
Cyient Limited is an India-based global engineering and technology solutions company. The Company is engaged in providing global technology services and solutions, specializing in geospatial, engineering design, information technology solutions and data analytics. It also specializes in the areas of total electronics manufacturing solutions in the fields of medical, industrial, automotive, telecommunications, defense and aerospace applications, including manufacturing and machining of components for aerospace, automotive and defense industries. Its segments include Digital, Engineering and Technology; Design Led Manufacturing (DLM), and Others. The Digital, Engineering and Technology segment includes transportation, connectivity, hi-tech, automotive, semicon and medical technologies, and the digital, embedded solutions are across the business units. The DLM segment is engaged in the business of electronic manufacturing services. Its platforms include CyFAST, CyMedge, and PlatformX.
CYIENT LIMITED 
