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Cyient DLM stock surges 13% on strong Q4 show; upbeat FY25 outlook

Earnings impact on Cyient DLM stock price: Stock up 13% after Q4 net zooms 81% in Q4FY24; Stock brokers and company management are upbeat on FY25, FY26 outlook.

Sensex, BSE, stock markets
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Deepak Korgaonkar Mumbai

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Cyient DLM stock price update: Shares of Cyient DLM surged 13 per cent to Rs 779.55 on the BSE in Wednesday's intra-day trade after the company reported robust results for the March quarter (Q4FY24) with profit after tax up 80.7 per cent year-on-year (YoY) at Rs 22.70 crore.

The company's revenue grew 30.5 per cent YoY to Rs 361.80 crore in Q4FY24, fueled by significant traction from the Defense (+78 per cent YoY) and Aerospace (+52 per cent YoY) verticals. However, earnings before interest, taxes, depreciation, and amortization (EBITDA) margin contracted 100 bps YoY to 10.5 per cent, primarily due to

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First Published: Apr 24 2024 | 11:25 AM IST

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