Cyient shares tumble over 9% after net profit declines 10% in Q4

On the National Stock Exchange, Cyient shares fell as much as 9.48% to hit an intraday low of ₹1,125.

Cyient's revenue from contracts with customers rose 2.59% to ₹1,909 crore at the end of March quarter as against ₹1,861 crore in the year-ago period.

Cyient's board of directors recommended final dividend of ₹14 per share.

“For FY25, Cyient Group delivered $870 million in revenue at a YoY growth of 1.5% in constant currency, EBIT of 12%, decline of 258 bps YoY, PAT of Rs 622 crore de-growth of 15.4%, and FCF of ₹688 crore at YoY growth of 6.2%," said Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient.

Earlier this month Cyient launched its semiconductor business and appointed Suman Narayan as the CEO of Cyient Semiconductors. Suman is a globally recognized professional in the semiconductor industry, the company said in a press release.

"Order intake for its Digital, Engineering and Technology (DET) segment for the full year stood at $836 million, down YoY by about 7%, part of the de-growth is attributed to evolving uncertainties through FY25 compared to the previous year. We won 24 large deals in DET business with a total contract potential of $370.8 million in FY25," the company added.

Cyient shares have so far this year dropped 39% massively underperforming the BSE500 index which is down nearly 1% year-to-date.

As of 10:05 am, Cyient shares traded 7.37% lower at ₹1,151.