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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -8.72 % over the year, decrease in net sales/revenue by -6.9 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 88 %. Marginal decrease of -6.62% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Cyient Limited. Profit dropped by -37.31 % Year to Year, Cyient Limited’s profitability dropped by -30.67 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -37.52 % Year to Year. EPS decreased by -30.73 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 624 Cr | Rs. 611.8 Cr | Rs. 569.6 Cr | -6.9 % | -8.72 % |
| Expenses | Rs. 435.8 Cr | Rs. 441.5 Cr | Rs. 448.4 Cr | + 1.56 % | + 2.89 % |
| Operating Profit | Rs. 188.2 Cr | Rs. 170.3 Cr | Rs. 121.2 Cr | -28.83 % | -35.6 % |
| OPM % | 30.16 % | 27.84 % | 21.28 % | -6.56 % | -8.88 % |
| Other Income | Rs. 7.5 Cr | Rs. 15.1 Cr | Rs. 14.1 Cr | -6.62 % | + 88 % |
| Interest | Rs. 5.2 Cr | Rs. 6.2 Cr | Rs. 4.8 Cr | -22.58 % | -7.69 % |
| Depreciation | Rs. 23.3 Cr | Rs. 24.8 Cr | Rs. 22.8 Cr | -8.06 % | -2.15 % |
| Profit before tax | Rs. 167.2 Cr | Rs. 154.4 Cr | Rs. 107.7 Cr | -30.25 % | -35.59 % |
| Tax % | 23.86 % | 25.45 % | 25.91 % | + 0.46 % | + 2.05 % |
| Net Profit | Rs. 127.3 Cr | Rs. 115.1 Cr | Rs. 79.8 Cr | -30.67 % | -37.31 % |
| EPS in Rs | Rs. 11.51 | Rs. 10.38 | Rs. 7.2 | -30.64 % | -37.45 % |
Today, we’re looking at Cyient Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -8.72 %. However, it did see a marginal slip of -6.9 % from the previous quarter. Expenses ticked up slightly by 1.56 % quarter-on-quarter, aligning with the annual rise of 2.89 %. Operating profit, while down -35.6 % compared to last year, faced a quarter-on-quarter dip of -28.83 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -8.88 %, but a shrinkage of -6.56 % sequentially. Other income fell by -6.62 % compared to the last quarter, despite an annual growth of 88 %. Interest expenses dropped significantly by -22.58 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.69 %. Depreciation costs fell by -8.06 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.15 %. Profit before tax declined annually by -35.59 % but saw a reduction from the preceding quarter by -30.25 %.
Tax expenses as a percentage of profits increased slightly by 2.05 % compared to last year, with a more notable quarter-on-quarter increase of 0.46 %. Net profit fell by -37.31 % year-on-year but witnessed a -30.67 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -37.45 % but a quarterly fall of -30.64 %. In summary, Cyient Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 624 Cr | Rs. 611.8 Cr | Rs. 569.6 Cr | -6.9 % | -8.72 % |
| Expenses | Rs. 435.8 Cr | Rs. 441.5 Cr | Rs. 448.4 Cr | + 1.56 % | + 2.89 % |
| Operating Profit | Rs. 188.2 Cr | Rs. 170.3 Cr | Rs. 121.2 Cr | -28.83 % | -35.6 % |
| Net Profit | Rs. 127.3 Cr | Rs. 115.1 Cr | Rs. 79.8 Cr | -30.67 % | -37.31 % |
| EPS in Rs | Rs. 11.51 | Rs. 10.38 | Rs. 7.2 | -30.64 % | -37.45 % |
In reviewing Cyient Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.72 % year-on-year, although there was a slight dip of -6.9 % from the previous quarter. Expenses rose by 2.89 % compared to the previous year, with a 1.56 % increase quarter-on-quarter. Operating Profit dropped by -35.6 % annually, and saw a -28.83 % decrease from the last quarter.
Net Profit showed yearly decrease of -37.31 %, and experienced a -30.67 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -37.45 % annually, however dipped by -30.64 % compared to the last quarter. In essence, while Cyient Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
