Cyient Q4 Review - Strong Show Continues: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
Cyient Ltd. reported strong beat in revenue growth (up 6% quarter-on-quarter U.S. dollar) led by strong demand momentum in design-led manufacturing (up 16.4% QoQ U.S. dollar) and broad-based recovery in services (up 3.7% QoQ U.S. dollar).
They also reported robust Q4 FY21 order book of $238 million, up 22.4% QoQ and sustained strong large deal wins with total contract value potential of $91 million.
As guided by the management, we believe that the company will report strong double-digit growth in revenue in FY22 led by ramp up of deals won in FY21 and broad-based deal pipeline.
Click on the attachment to read the full report:
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.