BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Cyient Ltd.’s services at $125 million (up 3.8% QoQ organic, 9.2% YoY) showed signs of recovery.
Aerospace and defence grew 4% sequentially on rejuvenation of maintenance and repairs. Rail was flat and communications, weak (down 4%) but likely to recover.
Cyient's order intake was $123 million (up 9% YoY), with large deals showing traction.
Design-led manufacturing at $26 million (up 22% YoY) retained steady growth.
The Ebit margin, at 14.0%, was up 90 basis points QoQ on higher utilisation (peaking) and higher offshore (likely to continue).
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