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Cyient firms up after strong Q4 results

Capital Market 

Cyient rose 1.30% to Rs 594 at 11:24 IST on BSE after the company reported strong results after market hours yesterday, 25 April 2019.

Meanwhile, the S&P BSE Sensex was up 51.72 points, or 0.13% to 38,782.58.

On the BSE, 65,000 shares were traded in the counter so far compared with average daily volumes of 5,571 shares in the past two weeks. The stock had hit a high of Rs 635 and a low of Rs 588.25 so far during the day. The stock hit a 52-week high of Rs 887 on 11 May 2018. The stock hit a 52-week low of Rs 571.10 on 29 January 2019.

On a consolidated basis, Cyient's net profit rose 49.16% to Rs 176.60 crore on 9.52% rise in net sales to Rs 1162.90 crore in Q4 March 2019 over Q4 March 2018.

Sequentially, consolidated net profit jumped 91.33% to Rs 176.60 crore on 2.09% decline in net sales to Rs 1162.90 crore in Q4 March 2019 over Q3 December 2018.

Cyient provides engineering, manufacturing, geospatial, digital, networks, and operations management solutions to global industry leaders.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 26 2019. 11:27 IST