Cyient touches 52-week high on reporting a 6% rise in Q4 consolidated net profit!

The shares of the company gained more than 6% today.         

Quarter and Annual Results 

Cyient has reported results for the fourth quarter (Q4) and the year ending March 31, 2023. On a consolidated basis, the company has reported a rise of 5.84% in its net profit at Rs 163.20 crore for the fourth quarter that ended March 31, 2023, as compared to Rs 154.20 crore for the same quarter in the previous year. The total income of the company increased by 42.36% at Rs 1751.90 crore for Q4FY23 as compared to Rs 1230.60 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, on a consolidated basis, the company has reported a 1.51% fall in its net profit at Rs 514.40 crore as compared to Rs 522.30 crore for the previous year. However, the total income of the company increased by 31.22% at Rs 6097.30 crore for the year under review as compared to Rs 4646.50 crore for the year ended March 31, 2022.

Share price movement of Cyient Limited        

Today, the stock opened at Rs 1163, with a high and low of Rs 1194.10 and Rs 1126.40. Currently, the stock is trading at Rs 1163, up by 6.63%. 

The stock has a 52-week high of Rs 1194.10 and a 52-week low of Rs 724. The company has a market capitalisation of Rs 12,874.25 crore.    

Company profile     

Cyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad. The company is one of the world's leading outsourcing companies. Cyient is one of the world's top 30 outsourcing companies.