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

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

Cyient's elder absorption squad comprised led by Managing Director & Chief Executive Officer Ajay Aggarwal volition behaviour an net league call. The net telephone volition commencement astatine 5:00 PM IST for 60 minutes

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.

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.

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.

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.

Published on: Jan 12, 2023, 10:22 AM IST

Posted by: Priya Raghuvanshi, Jan 12, 2023, 10:19 AM IST

Source Businesstoday