Cyient Shares Plunge 15% as QoQ Net Profit Falls 31.6% to ₹127.7 Crore, Revenue Rises 0.5%

Cyient Shares Drop 15% After Net Profit Falls in Q3 FY25

Decline in Net Profit
Cyient, a global engineering and technology solutions company, saw its shares drop by 15% on Friday, January 24. This came after the company reported a 31.56% decline in net profit for Q3 FY25, falling to ₹127.7 crore compared to ₹186.6 crore in the previous quarter. Year-on-year, the profit after tax dropped by 16.64%.

Revenue Performance
The company’s revenue from operations stood at ₹1,909.8 crore, showing a small increase of 0.5% quarter-on-quarter (QoQ) and a 3.78% rise year-on-year (YoY).

CEO Resignation
Karthikeyan Natarajan stepped down as Executive Director and CEO of Cyient with immediate effect. In his resignation letter, he mentioned that he is leaving to “explore new challenges and opportunities,” according to an exchange filing.

DET Segment Earnings
The Digital, Engineering, and Technology (DET) segment reported earnings before interest and taxes (EBIT) of ₹200 crore, with a margin of 13.5%. The segment’s order intake increased by 5% YoY.

Stock Performance
At 9:39 PM, Cyient’s stock was trading at ₹1,491.95 on the NSE, reflecting a 15% drop.

Management Insights on Q3 Performance
Krishna Bodanapu, Executive Vice Chairman and Managing Director of Cyient, said, “Cyient Group showed positive Q3 FY25 results, with Group revenue reaching US$228 million, marking a 4.5% YoY growth in constant currency.”

During his announcement Natarajan noted that Semiconductor maintained its positive performance while the DET segment reported US$175.2 million in revenues which demonstrated a 2.4% QoQ growth although constant currency revenue declined by 1.9% YoY.

Strong Order Book
Cyient achieved its highest-ever order intake of $312.3 million for the DET segment in Q3 FY25. The company also secured 13 large deals in the DET business with a total contract value of $234.5 million.

Positive Outlook
Bodanapu emphasized that the company’s pipeline is improving, supported by large deals. He noted that the company stands ready for ongoing medium-term sustainable expansion.”

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