Cyient Limited - 532175 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
This is to inform that the recording of the earnings conference call, in connection with the Q3 financial results, held on 12 January 2023 is available on the Company's website at https://www.cyient.com/hubfs/2023/FY23-Financials/Q3/Q3-FY23-Conference-Call-Audio.mp3 Cyient Limited - 532175 - Announcement under Regulation 30 (LODR)-Newspaper Publication
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Buy Cyient; target of Rs 1020: ICICI Direct
ICICI Direct is bullish on Cyient recommended buy rating on the stock with a target price of Rs 1020 in its research report dated January 16, 2023.
Buy Cyient; target of Rs 1100: Motilal Oswal
Motilal Oswal is bullish on Cyient recommended buy rating on the stock with a target price of Rs 1100 in its research report dated January 13, 2023. Cyient Limited - 532175 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Compliance Certificate Under Registration 74(5) of SEBI (LODR) Regulation, 2018 for the period ended 31 December 2022
Cyient: Traction in core business, easing macros signal upside in this IT business
The management commentary indicated a bullish stance on opportunities and recovery that are driven by multiple themes in segments like automobile, energy amp; mining, and semiconductors.
Results Earnings Call for Q3FY23 of Cyient Ltd.
Conference Call with Cyient Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript. Q3FY23 Quarterly Result Announced for Cyient Ltd.
IT consulting services company Cyient announced Q3FY23 results: Q3FY23: Group Revenue: Highest ever at Rs 1,618 crore with QoQ growth of 15.9% and YoY growth of 36.7% Group CC Revenue Growth at 13.4% QoQ and 28.6% YoY Normalized Group EBIT: Highest ever at Rs 209 crore with a margin of 12.9% Normalized PAT: Highest ever at Rs 163 crore, 47.5% QoQ, and 23.6% YoY Services Order Intake grew by 83% QoQ Offshoring at 46.2% Krishna Bodanapu, Managing Director and CEO, Cyient, said, "We have delivered a strong Q3 with industry-leading growth and earnings, which are up 35% QoQ. The key accounts grew by 22% YoY, and we have added two Fortune 500 companies to our customer list. Our focus on the five growth pillars has contributed to over 40% of our services pipeline. It is also encouraging to be continually positioned in the leader's quadrant by analyst groups such as Zinnov, ISG, and Everest across capabilities in multiple industries. This progress strengthens the conviction that our strategy and investments continue to contribute to the company's growth trajectory. As we enter 2023, I want to thank everyone at Cyient for a great quarter and look forward to a stronger Q4." Result PDF
