Cyient Q4 Review - Re-Rating To Continue On Double-Digit Services Growth In FY22: Motilal Oswal  
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Cyient Q4 Review - Re-Rating To Continue On Double-Digit Services Growth In FY22: Motilal Oswal  

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 Q4 FY21 revenue growth at 6% quarter-on-quarter in U.S. dollar terms (in line with our estimate) was led by a 16.4% increase in design-led manufacturing (seasonal rebound in aerospace and defense) and 3.7% QoQ (2.5% QoQ organic) growth in the services business.

The management guided at double-digit growth in FY22 (DLM to grow over 20% YoY), despite a decline in 1QFY22, on seasonality in DLM.

Services is expected to post double-digit growth in FY22.

Click on the attachment to read the full report:

Motilal Oswal Cyient Q4FY21 Result Review.pdf

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