27 May 2019 | 12:18 AM

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COMPANYNEWS
Cyient Q4 net profit up 36.57% at Rs 136.30 cr
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Published on 04-25-2019
The company reported standalone net profit of Rs 136.30 crore for the quarter ended March 31 2019 as compared to Rs 99.80 crore in the same period last year registering a year-on-year growth of 36.57 per cent.


Net revenue of the company rose moderately by 8.49 per cent at Rs 410.40 crore in January-March quarter of this fiscal as against Rs 378.30 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 9.02 per cent to Rs 291.40 crore from Rs 267.30 crore in year ago period.


Other Income grew by 68.62 per cent at Rs 54.80 crore versus (Mar`18 Rs 32.50 crore).


Operating Profit surged by 7.21 per cent to Rs 119.00 crore as against Rs 111.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.16 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.30 crore while Taxation decreased by 21.86 per cent at Rs 24.30 crore (Mar`18 Rs 31.10 crore).