Cyient Ltd.

NSE: CYIENT | BSE: 532175 | ISIN: INE136B01020 |Industry: IT Consulting & Software
|Falling Comet

Cyient Ltd.    
17 Oct 2019
399.70
-0.06%
Motilal Oswal
Our revised TP of INR600 discounts forward earnings by 12x, instead of 13x, due to expectations of a slower margin expansion and also the risk in longer- Revenue grew by 4.9% QoQ versus our estimate of +3.1% QoQ. Growth was soft in the verticals of Aerospace (-1.7% QoQ) and In the Services business, revenue declined by 15% sequentially from clients in the range of Top 6-10; also CYL lost two clients in USD5m+ category. Even though Q3 is seasonally weak, CYL expects growth in services businesses. This is because the expected uptick in margins from cost rationalization will likely be largely offset by external consultant fees in FY20. This is because the expected uptick in margins from cost rationalization will likely be largely offset by external consultant fees in FY20.
default
Cyient Ltd. has lost -28.34% in the last 6 Months
Recommended
More from Cyient Ltd.