Conference Call with Cyient Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Financial highlights: Group revenue at Rs 1111.6 crores with YoY growth at 10.8% Group EBIT margin of 14% leading our highest ever operating profit Q2 PAT at Rs 121.3 crores, YoY growth of 44.7% Order intake grew 23% YoY Offshoring at ~50%, highest in the last ten quarters Krishna Bodanapu, Managing Director and CEO, Cyient, said, "Our performance this quarter has been very encouraging. Our strategic wins and recognitions by analysts and customers across industries and technologies reaffirm that Cyient continues to be a trusted and innovative partner of choice. The new global logos, the contribution of large deals, and the strong pipeline in place indicate that our growth pillars are delivering impact and will help accelerated growth in coming quarters." Cyient was recognized as a Rising Star in Connected Mobility Consulting and Services in the ISG Provider Lens™ Internet of Things – Services and Solutions Quadrant Study (U.S. 2021.) Cyient has also been recognized by Amazon Web Services as a SelectTier Consulting Partner in the AWS Partner Network (APN). Result PDF