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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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


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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