Cyient DLM climbs on securing Boeing contract
Cyient DLM rallied 3.58% to Rs 437.85 after the firm has secured production contract from Boeing Global Services (BGS) for precision-machined parts and assemblies, marking a key milestone in their partnership.
"This contract with Boeing is a significant achievement for Cyient DLM, showcasing our advanced manufacturing capabilities and unwavering commitment to excellence," the company said in a regulatory filing.
Anthony Montalbano, CEO, Cyient DLM, said, This contract with Boeing is a significant achievement for Cyient DLM, showcasing our advanced manufacturing capabilities and unwavering commitment to excellence. We are honored to collaborate with Boeing, a global leader in aerospace, and we look forward to strengthening this relationship by consistently delivering products that meet the highest industry standards.
Cyient DLM, a subsidiary of Cyient, is one of the leading integrated electronic manufacturing services (EMS) and solutions providers with capabilities across the value chain and the entire life cycle of a product.
The companys consolidated net profit dropped 40.4% to Rs 10.99 crore in Q3 FY25 as compared with Rs 18.44 crore in Q3 FY24. Revenue from operations jumped 38.37% YoY to Rs 444.23 crore during the quarter.
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