Thursday, 29 July, 2021
Home Business Cyient Gains Over 4% After Net Profit Jumps 41% In June Quarter

Cyient Gains Over 4% After Net Profit Jumps 41% In June Quarter

Shares of Cyient Restricted have been final buying and selling 4.16 per cent increased at Rs 988.30 on the BSE.

Share Value of Cyient Restricted gained over 4 per cent on Friday, July 16, a day after the corporate introduced its April-June quarter outcomes for the monetary 12 months 2021-22. On Friday, Cyient opened on the BSE at Rs 940, swinging to an intra day excessive of Rs 996 and an intra day low of Rs 910.95, within the buying and selling session up to now. The worldwide engineering and know-how options firm reported a internet revenue of Rs 115 crore on a consolidated foundation within the first quarter of the present fiscal.

The Hyderabad-based manufacturing firm’s revenue elevated 41.three per cent year-on-year because it reported a internet revenue of Rs 81.Four crore within the corresponding quarter of the earlier fiscal. Cyient’s income within the Juen quarter stood at Rs 1,058.2 crore, in comparison with Rs 991.7 crore, marking a rise of 6.7 per cent year-on-year.

The corporate introduced its innovation platform – CyientfIQ, to create technology-led options that ship disruptive worth for its clients. Cyient collaborated with IIT Hyderabad on 5G SoC design and has additionally developed trade options utilizing main digital applied sciences.

“Our focus stays on being a trusted and revolutionary associate in our clients’ journey towards the subsequent regular. Our strategic wins in communications, utilities, and transportation industries throughout engineering, geospatial, and digital applied sciences affirm that we’re on the best path with our S3 technique,” mentioned Krishna Bodanapu, Managing Director and CEO, Cyient.

On the NSE, Cyient opened at Rs 947, registering an intra day excessive of Rs 997 and an intra day low of Rs 915.85, within the session up to now. It was final buying and selling 4.41 per cent increased at Rs 988 on the NSE.

Shares of Cyient Restricted have been final buying and selling 4.16 per cent increased at Rs 988.30 on the BSE.

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