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Cyient shares tank over 6 pc as Q1 net profit dips

Press Trust of India  |  New Delhi 

Shares of IT firm today plunged over 6 per cent after the company reported a decline in consolidated net profit for the three months ended June 30 of this fiscal.

The company's stock tumbled 6.16 per cent to close at Rs 696.30 on the Intra-day, it slumped 7 per cent to Rs 690.

On the NSE, shares of the company tanked 5.98 per cent to end at Rs 700.

In terms of equity volume, 1 lakh shares of the company were traded on the and over 20 lakh shares changed hands on the NSE during the day.

IT firm yesterday reported a 6 per cent decline in consolidated net profit to Rs 82.5 crore attributable to shareholders of the company for the three months ended June 30, this fiscal.

The company had posted a net profit of Rs 87.8 crore in the same period previous year.

Revenue from operations rose 19.1 per cent year-on-year to Rs 1,080 crore during the recently-concluded June quarter, the company said in a regulatory filing.

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

First Published: Fri, July 13 2018. 17:20 IST