BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Cyient Ltd.’s Q2 FY21 revenue growth was in-line, although recovery was seen in pockets, with transportation and communications seeing sharper recovery.
On the other hand, continued weakness in aerospace and defense remained a drag on overall performance.
Sharper recovery in margins (580 basis point QoQ) – on the back of operational efficiency in services and improvement in DLM (design-led manufacturing) – is encouraging.
Deal wins ($127 million) have improved sequentially, but continue to be lower versus last year (down 23% YoY). This indicates recovery to pre-Covid-19 levels is still a few quarters away.
The growth outlook from H2 FY21 is marginally better than previously expected.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.