Cyient reports 6% rise in Q4 consolidated net profit

21 Apr 2023 Evaluate

Cyient has reported results for fourth quarter (Q4) and year ended March 31, 2023.

Cyient has reported fall of 61.06% in its net profit at Rs 111.90 crore for the quarter under review as compared to Rs 287.40 crore for the same quarter in the previous year. Total income of the company decreased by 10.14% at Rs 614.80 crore for Q4FY23 as compared to Rs 684.20 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported rise of 5.84% in its net profit at Rs 163.20 crore for fourth quarter ended March 31, 2023 as compared to Rs  154.20 crore for the same quarter in the previous year. Total income of the company increased by 42.36% at Rs 1751.90 crore for Q4FY23 as compared to Rs 1230.60 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported fall of 37.66% in its net profit at Rs 354.80 crore as compared to Rs 569.10 crore for the previous year. However, total income of the company increased by 14.03% at Rs 2310.10 crore for year under review as compared to Rs 2025.80 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 1.51% fall in its net profit at Rs 514.40 crore as compared to Rs 522.30 crore for the previous year. However, total income of the company increased by 31.22% at Rs 6097.30 crore for year under review as compared to Rs 4646.50 crore for year ended March 31, 2022.

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