Live
- They always want me to win, and now I feel lucky to have been offered a story like ‘Zebra’: Satyadev Kancharana
- ‘Democracy first, humanity first’: PM Modi in Guyana's parliament on two countries' similarities
- PKL Season 11: Telugu Titans register third straight win to top standings
- Is Pollution Contributing to Your COPD?
- NASA Unveils Underwater Robots for Exploring Jupiter's Moons
- Additional Central forces arrive in violence-hit Manipur
- AR Rahman and Saira Banu’s Divorce: Legal Insights into Common Issues in Bollywood Marriages
- 82.7 pc work completed in HPCL Rajasthan Refinery area: official
- Curfew relaxation extended in 5 Manipur districts on Friday
- Tab scam prompts Bengal govt to adopt caution over fund disbursement
Cyient net profit jumps 55% to 188 cr in Q4
IT firm Cyient on Thursday posted a 54.7 per cent rise in net profit to Rs 188.1 crore for the March 2019 quarter.
Hyderabad: IT firm Cyient on Thursday posted a 54.7 per cent rise in net profit to Rs 188.1 crore for the March 2019 quarter.
The Hyderabad-based company had posted a net profit of Rs 121.5 crore in the corresponding quarter a year ago, Cyient said.Its revenue increased 9.5 per cent to Rs 1,162.9 crore, against Rs 1,061.8 crore in the year-ago period, it added.
On a sequential basis, the net profit more than doubled from Rs 92.1 crore, while revenue declined 2.1 per cent in the reported quarter from Rs 1,187.6 crore in the October-December 2018 quarter.
"Our performance (during the quarter) was lower than the initial expectations both on revenue and margin. For the year, we delivered a strong performance.
Our outlook for FY20 remains strong backed by a strong pipeline and order backlog," Cyient MD and CEO, Krishna Bodanapu said.
For 2018-19, the net profit grew 18 per cent to Rs 478.5 crore, while revenue was higher by 17.9 per cent to Rs 4,617.5 crore from the previous fiscal.
The company said it has seen its highest-ever group annual revenue at $660 million, an increase of 8.7 per cent in dollar terms and 10.1 per cent in constant currency terms.
