Conference Call with Cyient Management and Analysts on its acquisition of product engineering company Citec. Listen to the full transcript.
Conference Call with Cyient Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Cyient reports profit growth of 39.3% YoY in Q4FY22, Posts highest ever EBIT Software and services company Cyient announced Q4FY22 results: Q4FY22: Group revenue at Rs 1,181.2 crores, with the Services Revenue at Rs 983.5 crores, a growth of 1.7% QoQ Highest ever Group EBIT of Rs 170.8 crores, with a margin of 14.5% Highest Net Profit in 12 quarters at Rs 154.2 crores, with a YoY growth of 39.3% Highest Ever Offshoring at 51.6% FY22: Group Revenue is Rs 4,534.4 crores, a growth of 9.7% YoY Highest Ever Group EBIT at Rs 629.7 crores, grew by 51.3% YoY Group Order Intake for FY 22 stood at Rs 5,454.3 crores, with YoY growth of 8% Highest ever Net Profit at Rs 522.4 crores, with YoY growth of 40.6% Highest ever Utilisation at 85.2%, with a YoY increase of 590bps Commenting on the results, Krishna Bodanapu, Managing Director and CEO, Cyient, said, "We closed FY22 with robust profitability, revenue, and order intake growth. Large deals of over INR 2,300 crores (US$ 300 million) and a 50% increase in digital order intake YoY have contributed to this growth, and most of the financial metrics have been the highest in the history of the organization. This demonstrates our customers continued confidence in us to be their strategic partner for their transformation journey. As their preferred partner, we will continue to invest in technology solutions that accelerate innovation, to imaginatively solve problems that matter." Result PDF