The shares of the machining and assembly services provider gained up to 13 percent after the company’s net profit and revenue increased by 76 percent and 31 percent respectively in the fourth quarter.
With a market capitalization of Rs 5,848.43 crore, the shares of Cyient DLM Ltd were trading at Rs 737.45 apiece, increasing around 7.29 percent as compared to the previous closing price of Rs 687.35 per share.
Looking into the company’s Performance, Cyient DLM Ltd’s revenue increased by 13 percent on a quarter-on-quarter basis from Rs. 321 crores in Q3FY24 to Rs.362 crores in Q4FY24. Further, revenue increased by 31 percent year on year from Rs. 277 crores in Q4FY23 to Rs.362 crores in Q4FY24.
Cyient DLM Ltd’s net profit increased by 28 percent on a quarter-on-quarter basis from Rs.18 crores in Q3FY24 to Rs. 23 crores in Q4FY24. Further, net profit increased by 76 percent year on year from Rs. 13 crores in Q4FY23 to Rs. 23 crores in Q4FY24.
The firm operates three production sites in Mysuru, Hyderabad, and Bengaluru, with a total manufacturing space of 229,061 square feet. It has a varied Board of Directors with an average of more than seven years of experience in the EMS sector, which is backed up by an experienced management team with an average of more than 20 years.
The company’s profitability measures show a decline in return on equity (RoE) from 69.35 percent in FY 21-22 to 23.08 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 18.48 percent to 14.40 percent. In contrast, the net profit margin (NPM) was 5.13 percent in fiscal year 22-23.
Cyient DLM has been a trusted electronics and mechanical manufacturing partner, as well as a systems provider, to some of the leading companies in a variety of sectors. As an integrated manufacturing partner, we deliver design-led manufacturing (DLM) solutions to customers.
Written by:- Abhishek Singh
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