Global technology solutions company Cyient Limited today announced its July-September quarterly results for the 2021-22 fiscal year, reporting a consolidated net income of 12.13 billion rupees. In contrast, the year-ago quarter was Rs 8.39 billion. 44% year-on-year.
According to regulatory filings, operating revenues for IT companies in the second quarter of the fiscal year were Rs 1,111.6, up 10.79% year-on-year, compared to Rs 1,003.3 in the year-ago quarter. From the company to the stock exchange.
“Strategic wins and perceptions by analysts and customers across industries and technologies reaffirm Cyient’s continued selection as a trusted and innovative partner.
The new global logo, large transaction contributions, and strong pipeline in place show that our pillars of growth are influencing and helping us accelerate growth in the coming quarters. “Krishna Bodanap, Managing Director and CEO of Cyient, said.
The Hyderabad-based company reported that the group had an EBIT margin of 14%. This leads to record operating profit. Orders for the September quarter increased 23% year-on-year and offshoring was around 50%, the highest in the last 10 quarters.
According to the statement, the company expanded its portfolio of digital solutions for the aerospace industry with its global AS9145 supplier PPAP4 Aero platform products. Cyient has worked with leading industry forums, such as the TM Forum, to accelerate the transformation of technology-driven networks.
On Thursday, October 14, Cyient Limited’s share price rose more than 7% to a 52-week high of Rs 1,172.35. Cyient started trading on BSE at Rs 1,104.40, with daytime highs fluctuating to Rs 1,172.35 and daytime lows to Rs 1,103.30 throughout today’s trading session. Cyient Limited shares were settled at Rs 1,158 per share, up 7.27% at BSE.