Cyient hits new high

about 5 months ago
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Cyient, which had closed yesterday at Rs.947.45, though opened lower at Rs.940, went on to hit a new high today at Rs.996 on the back of a 4-times rise in volumes.

The company announced its Q1Fy22 earnings wherein, its consolidated net profit came in at Rs.115 crore v/s Rs.103 crore (QoQ) and Rs.81 crore (YoY).

Revenue for the quarter was at Rs.1058 crore v/s Rs.992 crore (YoY).

EBIT came in at Rs,139 crore v/s Rs.51 crore and margins rose the sharpest – up from 5.2% to 13.1%.

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