The shares of Cyient Restricted had been buying and selling at ₹1,421.45 down by ₹333.80 or 19.02 per cent on the NSE right now at 10.15 am.
Cyient Restricted introduced its third-quarter monetary outcomes for fiscal yr 2025, highlighting vital management modifications and continued progress in its semiconductor enterprise. The corporate reported a quarterly group income of $228 million, representing a 4.5 per cent year-on-year progress in fixed foreign money.
The Digital, Engineering and Know-how (DET) section delivered income of $175.2 million, with a modest 2.4 per cent quarter-on-quarter progress. Notably, the corporate’s order consumption reached $312.3 million in Q3, marking the highest-ever determine for Cyient DET and displaying a virtually 100 per cent quarter-on-quarter enhance. The corporate secured 13 massive offers with a complete contract potential of $234.5 million.
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A key growth is the surprising departure of Karthikeyan Natarajan as Government Director and CEO, with Krishna Bodanapu taking interim cost of operations. The corporate additionally strengthened its board by inducting Debjani Ghosh, a Distinguished Fellow at NITI Aayog, as an Unbiased Director.
The semiconductor division continues to point out promise, with the corporate increasing its partnership with Allegro Microsystems and establishing a Heart of Excellence at its Manikonda campus. The board has authorised exploring extra capital increase choices for the semiconductor subsidiary, signaling confidence within the enterprise’s progress potential.
Regardless of challenges together with wage will increase and foreign money headwinds, Cyient stays optimistic about its future, notably in semiconductor engineering, having been recognised as a Star Performer by Everest Group of their 2024 evaluation.
