 "Cyient Q2 net up 9% to Rs 98.5 crore")
Cyient hit a 52-week high of Rs 622, up 7% on BSE in early morning trade, after the company reported 1.3% quarter on quarter (QoQ) dollar revenue growth at $152 million in December quarter. Services revenue grew 4.2% (4.4% in constant currency) on QoQ was highest ever at $139.9 million.
In rupee terms, revenue grew 1.9% to Rs 9.83 billion on sequential basis. Net profit for the quarter declined 2.4% QoQ at Rs 1.09 billion without one offs.
“Operating margin sustained at 14.6% QoQ and 116 bps expansion year on year (YoY), despite the headwind of higher pay
In rupee terms, revenue grew 1.9% to Rs 9.83 billion on sequential basis. Net profit for the quarter declined 2.4% QoQ at Rs 1.09 billion without one offs.
“Operating margin sustained at 14.6% QoQ and 116 bps expansion year on year (YoY), despite the headwind of higher pay
