Cyient’s First Quarter Profit Falls 2.2%
Cyient Ltd. reported Rs 74 crore profit in the quarter ended June 2016, a drop of 2.2 percent from the corresponding quarter last year.
Total revenues increased 14.4 percent to Rs 830.6 crore, as per the company's filing on the Bombay Stock Exchange. Expenses increased 14.1 percent to Rs 743.3 crore, the company added. Margins on earnings before interest, tax, depreciation and amortisation increased to 13.2 percent from 12.78 percent in the same quarter last year.
The engineering services and data analytics provider registered an exceptional income of Rs 10.6 crore from foreign exchange gains.
The company's stock was trading 0.93 percent higher at Rs 506.95 per share, after the declaration of the financial results.
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