Cyient shares gain ahead of Q3 results. Analyst estimates, earnings call timing & more

Cyient shares summation up of Q3 results. Analyst estimates, net telephone timing & more

Shares of Cyient gained astir 1 per cent successful Thursday’s trade, up of December 4th results. The scrip roseate 1.19 per cent to deed a precocious of Rs 858 connected BSE. Analysts mostly expect the midcap IT steadfast to study a 12 per cent year-on-year (YoY) leap successful nett net and a gross maturation successful excess of 35 per cent.

Conference telephone timing

Following the release, Cyient's elder absorption squad comprised of Krishna Bodanapu - Managing Director & Chief Executive Officer, Ajay Aggarwal – Executive Director & Chief Financial Officer; and Karthik Natarajan – Executive Director & COO volition behaviour an net league call.

The net telephone volition commencement astatine 5:00 PM IST for 60 minutes, the institution said successful a property statement.

What to expect?

IDBI Capital sees nett for Cyient rising 12.4 per cent YoY to Rs 148 crore compared with Rs 131.70 crore successful the year-ago quarter. It sees revenues soaring 36.40 per cent YoY to Rs 1,613.70 crore from Rs 1,183.40 crore YoY.

"We expect CC gross maturation of 13 per cent QoQ (12.2 per cent QoQ successful USD); Services is expected to turn by 12.1 per cent QoQ successful CC (3 per cent QoQ successful CC organic) portion DLM is expected to turn powerfully astatine 18 per cent aft 3 quarters  of weakness," PhillipCapital said.

Motilal Oswal sees nett rising 12.5 per cent YoY to Rs 148.10 crore.

In the lawsuit of Cyient, Motilal Oswal is expecting the It steadfast to study a 11.7 per cent sequential maturation successful CC revenues. Organic maturation should stay beardown astatine 3.1 per cent, the brokerage said portion expecting a 60 bps betterment successful sequential margin. It expects a beardown rebound successful DLM concern while  Aerospace vertical should spot beardown revival, Motilal said adding that the commentary connected margins volition beryllium the cardinal monitorable.      

Subsidiary IPO

Recently, Cyient was successful quality aft a subsidiary Cyient DLM filed its draught reddish herring prospectus with Sebi. The IPO volition successful the signifier of caller contented aggragating, up to to Rs 740 crore. Cyient DLM successful consultation with the publication moving pb managers, whitethorn see a further contented of equity shares for an magnitude aggregating up to Rs  148 crore, anterior to the filing of the reddish herring prospectus with the registrar of companies.