25 Jan 2025

Cyient Shares Drop 20%, Reports Decline in Q3 Net Profit

Cyient shares are currently trading at Rs. 1395.60, marking a sharp fall of Rs. 357.20 or 20.38% from its previous close of Rs. 1752.80 on the BSE.

The stock opened at Rs. 1621.00 and reached an intraday high and low of Rs. 1621.00 and Rs. 1390.00, respectively. A total of 4,61,322 shares have been traded on the counter so far.

This BSE group 'A' stock with a face value of Rs. 5 had hit a 52-week high of Rs. 2265.95 on February 8, 2024, and a 52-week low of Rs. 1373.70 on January 24, 2025. In the past week, the stock recorded a high of Rs. 1807.90 and a low of Rs. 1373.70. The company's current market capitalization stands at Rs. 15,566.99 crore.

Promoter holding in the company is 23.14%, while institutional investors hold 58.55%, and non-institutional investors hold 18.31%.

For the quarter ending December 31, 2024 (Q3FY25), Cyient reported a 48.11% decline in standalone net profit to Rs. 71.30 crore, compared to Rs. 137.40 crore in the same quarter last year. The company's total income dropped 8.69% to Rs. 589.30 crore from Rs. 645.40 crore in the corresponding period last year.

On a consolidated basis, the company's net profit fell 16.64% to Rs. 127.70 crore for Q3FY25, down from Rs. 153.20 crore in the year-ago period. However, total income increased by 3.78% to Rs. 1909.80 crore, compared to Rs. 1840.20 crore in the same quarter of the previous year.