Quarterly result : Cyient Ltd
DSIJ Intelligence / 13 Jul 2017
The company's total sales for Q1FY18 came in at Rs 903.4 crore, which represents a 3.27 per cent sequential decline and 8.76 per cent YoY increase.
Cyient Ltd. reported its results for the first quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 903.4 crore, which represents a 3.27 per cent sequential decline and 8.76 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 87.2 crores and its EBIT margin stood at 9.65 per cent. During the quarter, margin remains under pressure due to rise in wages and rupee appreciation.
The company reported PAT of Rs 85.1 crore, which represents a sequential QoQ increase of 10.38 per cent and a YoY increase of 15 per cent.
Giving guidance for FY18, the company has stated that it expects to deliver a double digit earning growth in FY18.
During the quarter, Cyient added 30 new customer and employee attrition remained at 18.5%, which is lowest in the last 11 quarters.
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