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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 6.25% in the past year Substantial increase in net sales/revenue by 2.16%.
- 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 4580%Marginal increase in other income during this quarter, up by 24.47%.
- Profit over the Year and quarter: Significant improvement in profitability for Cyient Limited. Notable increase of 20.65% in net profit Year to YearCyient Limited’s profitability increased by 28.52% in this quarter.
- EPS over the Year and quarter: EPS increased by 15.49% Year to Year.EPS increased by 28.41%. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1751.4 Cr | Rs. 1821.4 Cr | Rs. 1860.8 Cr | + 2.16% | + 6.25% |
Expenses | Rs. 1429.4 Cr | Rs. 1495.3 Cr | Rs. 1525.5 Cr | + 2.02% | + 6.72% |
Operating Profit | Rs. 322 Cr | Rs. 326.1 Cr | Rs. 335.3 Cr | + 2.82% | + 4.13% |
OPM % | 18.39 % | 17.9 % | 18.02 % | + 0.12% | -0.37% |
Other Income | Rs. 0.5 Cr | Rs. 18.8 Cr | Rs. 23.4 Cr | + 24.47% | + 4580% |
Interest | Rs. 26.2 Cr | Rs. 28.8 Cr | Rs. 32.4 Cr | + 12.5% | + 23.66% |
Depreciation | Rs. 72.6 Cr | Rs. 66.1 Cr | Rs. 67.2 Cr | + 1.66% | -7.44% |
Profit before tax | Rs. 223.7 Cr | Rs. 250 Cr | Rs. 259.1 Cr | + 3.64% | + 15.82% |
Tax % | 21.35 % | 23.28 % | 24.01 % | + 0.73% | + 2.66% |
Net Profit | Rs. 163.2 Cr | Rs. 153.2 Cr | Rs. 196.9 Cr | + 28.52% | + 20.65% |
EPS in Rs | Rs. 14.91 | Rs. 13.41 | Rs. 17.22 | + 28.41% | + 15.49% |
Today, we’re looking at Cyient Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.25%. However, it did see a marginal increase of 2.16% from the previous quarter.Expenses ticked up slightly by 2.02% quarter-on-quarter, aligning with the annual rise of 6.72%. Operating profit, while up 4.13% compared to last year, faced a quarter-on-quarter increase of 2.82%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.37%, but an expansion of 0.12% sequentially. Other income rose by 24.47% compared to the last quarter,despite an annual growth of 4580%. Interest expenses surged remarkably by 12.5% from the previous quarter, yet the year-over-year increase remains at a moderate 23.66%. Depreciation costs climbed by 1.66% quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.44%. Profit before tax grew annually by 15.82% but saw an increase from the preceding quarter by 3.64%.
Tax expenses as a percentage of profits increased slightly by 2.66% compared to last year, with a more notable quarter-on-quarter increase of 0.73%. Net profit rose by 20.65% year-on-year but experienced a 28.52% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.49% but a quarterly rise of 28.41%. 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. 1751.4 Cr | Rs. 1821.4 Cr | Rs. 1860.8 Cr | + 2.16% | + 6.25% |
Expenses | Rs. 1429.4 Cr | Rs. 1495.3 Cr | Rs. 1525.5 Cr | + 2.02% | + 6.72% |
Operating Profit | Rs. 322 Cr | Rs. 326.1 Cr | Rs. 335.3 Cr | + 2.82% | + 4.13% |
Net Profit | Rs. 163.2 Cr | Rs. 153.2 Cr | Rs. 196.9 Cr | + 28.52% | + 20.65% |
EPS in Rs | Rs. 14.91 | Rs. 13.41 | Rs. 17.22 | + 28.41% | + 15.49% |
In reviewing Cyient Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 2.16% from the previous quarter. Expenses rose by 6.72% compared to the previous year, with a 2.02% increase quarter-on-quarter. Operating Profit surged by 4.13% annually, and saw a 2.82% increase from the last quarter.
Net Profit showed yearly increase of 20.65%, and experienced a 28.52% increase from the previous quarter. Earnings Per Share (EPS) rose by 15.49% annually, however rose by 28.41% compared to the last quarter. In essence, while Cyient Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.