Cyient This autumn PAT up by 9% at ₹173 cr

Engineering and know-how options firm, Cyient has posted a internet revenue of ₹173 crore, displaying a development of 9.1 per cent year-on-year. It registered a income of ₹1,489 crore, reporting a development of two.8 per cent y-o-y.

For the monetary yr 2023-24, the corporate posted a internet revenue of ₹689 crore, displaying a y-o-y development of 31.6 per cent. It registered a income of ₹5,911 crores, a rise of 16 per cent.

The overall dividend for the monetary yr is put at ₹30 per share. 

“The corporate delivered a balanced efficiency round development and profitability,” Krishna Bodanapu, Government Vice-Chairman and Managing Director, Cyient, mentioned.

Strategic collaborations

“Aerospace, sustainability and automotive sectors led the expansion within the quarter. We see communications and semiconductor enterprise bouncing again to development within the monetary yr 2024-25. Our pipeline for the yr seems robust,” Karthikeyan Natarajan, Government Director and CEO of Cyient, mentioned.

“This quarter has seen a deepened engagement in our collaborations with Airbus and Deutsche Plane. We will likely be engaged on the event of Airbus’ cabin ‘Clever Core Administration Platform’ and on the detailed design for manufacturing of the rear fuselage part for the 40-seater D328eco regional turboprop plane for Deutsche Plane,” he mentioned.