Cyient Q3 Review - Good Revenue Growth, Ebit Margin Performance: IDBI Capital
Cyient’s Warangal development centre. (Source: Company/Twitter)

Cyient Q3 Review - Good Revenue Growth, Ebit Margin Performance: IDBI Capital

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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.

IDBI Capital Report

Cyient Ltd.’s Q3 FY21 consolidated revenue growth of 4.1% QoQ in constant currency terms was higher than our forecast. Ebit margin improvement of 14 basis points QoQ to 11.2% was a beat to our forecast of 9.7%.

Earning per share of Rs 8.7, up 5.2%/33.1% QoQ/YoY was also a beat.

The company expects the QoQ growth in Q4 FY21 to be at least similar to that in Q3 FY21 with a relatively better growth from services business.

Also, the company is confident of Q4 FY21 Ebit margin to see further QoQ improvement.

Click on the attachment to read the full report:

IDBI Capital Cyient Q3 Review.pdf

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