Cyient DLM Ltd.'s profit rose in the third quarter of fiscal 2024, surpassing analysts' estimates.
The company's profit after tax rose 222% year-on-year to Rs 18.4 crore, as compared with a consensus estimate of Rs 17 crore by analysts tracked by Bloomberg.
Cyient DLM Q3 FY24 Highlights (YoY)
Revenue up 49.7% at Rs 321 crore (Bloomberg estimate: Rs 321.3 crore).
Ebitda up 42% at Rs 29.4 crore (Bloomberg estimate: Rs 30.3 crore).
Ebitda margin at 9.14% (Bloomberg estimate: 9.4%).
Profit after tax up 222% at Rs 18.4 crore (Bloomberg estimate: Rs 17 crore).
Cyient DLM recorded its highest-ever revenue in this quarter. Strong growth in revenue was driven by aerospace and defence segment. Order intake stood at $41.8 million, it said.
Share of Cyient DLM closed 1.22% lower on Tuesday, as compared to a 1.5% fall in the benchmark Nifty.
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