Cyient Q1 Review - Double-Digit Growth In Services To Drive Re-rating: Motilal Oswal

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Cyient Q1 Review - Double-Digit Growth In Services To Drive Re-rating: Motilal Oswal

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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).

Click on the attachment to read the full report:

Motilal Oswal Cyient Q1FY22 Result Update.pdf


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 author entity and do not represent the views of BloombergQuint.

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