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(26 Apr 2024, 13:00)

Cyient Q4 PAT jumps 29% QoQ to Rs 189 cr

The IT major reported 28.53% rise in consolidated net profit to Rs 189.2 crore on 2.16% increase in revenue from operations to Rs 1,860.8 crore in Q4 FY24 over Q3 FY24.


On year on year (YoY) basis, the company's consolidated net profit jumped 15.93% while revenue grew by 6.25% in Q4 FY24.

Consolidated profit before tax stood at Rs 259.1 crore in Q4 FY24, registering a growth of 29.74% QoQ and 24.87% YoY.

The IT firm's normalised profit after tax was at Rs 196.9 crore during the quarter, registering a growth of 2.66% QoQ and 11.94% YoY to. Normalised EBITDA rose 2.79% QoQ and up 4.1% YoY to Rs 335.2 crore in Q4 FY24. Normalised EBITDA margin stood at 18% in Q4 FY24 from 17.9% in Q3 FY24 and 18.4% in Q4 FY23.

The company’s Digital, Engineering, and Technology (DET) business delivered revenue at Rs 1,489 crore, recording de-growth of 0.1% QoQ and growth of 2.8% YoY. In constant currency terms, revenue was down by 0.5% QoQ and up 1.8% YoY.

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