Intelligent engineering options firm Cyient’s consolidated net revenue for the quarter ended June rose 7% to ₹157.4 crore from the ₹147.6 crore a 12 months earlier.
The increased net revenue got here on an almost 5% enhance in complete earnings to ₹1,781.5 crore (₹1,696.8 crore).
“At a group level, our cash position and profitability gives me immense confidence that we are well-positioned to drive growth across our balanced and diversified portfolio of DET, DLM, and semiconductors,” Executive Vice Chairman and Managing Director Krishna Bodanapu mentioned. Cyient Group money place stood ₹1,894 crore.
The carve-out course of initiated for Cyient Semiconductors is full as per plan. Cyient Semiconductors will handle high-growth alternatives in cutting-edge semiconductor applied sciences with capabilities in high-performance analog and mixed-signal ASIC throughout industries. It will play a pivotal function in shaping the long run progress, he mentioned.
Cyient shares closed 2.95% decrease at ₹1,242.25 every on the BSE.
