BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Cyient Ltd.'s services at $125 million (up 3.8% QoQ organic, 9.2% YoY) showed signs of recovery.
Aerospace and defence grew 4% sequentially on rejuvenation of maintenance and repairs. Rail was flat and communications, weak (down 4%) but likely to recover.
Cyient's order intake was $123 million (up 9% YoY), with large deals showing traction.
Design-led manufacturing at $26 million (up 22% YoY) retained steady growth.
The Ebit margin, at 14.0%, was up 90 basis points QoQ on higher utilisation (peaking) and higher offshore (likely to continue).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
