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.
Motilal Oswal Report
Cyient Ltd.’s Q1 FY22 revenue de-grew 4% QoQ in U.S. dollar terms (in line with our estimate).
This was led by 20% QoQ decline in the design-led manufacturing business (on negative seasonality) and a flattish performance in the services business.
The $3 million impact during the quarter was attributable to supply-led issues.
Cyient's management retained its guidance for double-digit growth in the services business and 20% YoY growth in the DLM business in FY22.
Within the services business, growth in utilities (4.4% QoQ), aerospace (2% QoQ), and communications (2% QoQ) was offset by decline in rail transportation (2.5% QoQ).
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