Cyient DLM#39;s profit after tax in FY24 surges 93%
Cyient moved higher for FY24.
· Moneycontrol Business
For the full year, the company#39;s revenue stood at Rs 1,192 crore, which was 43.2 percent higher compared to the same period of the past financial…
Key facts
- Period
- FY24
The analysis
Cyient reported Rs 1,192 crore for FY24, with movement of 93% and 43.2% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.0% on the day at ₹1,081.10, and has returned +31.9% over three months. It sits 11% below its 52-week high. The it sector has moved +1.1% over the same period, so Cyient is running 30.8 points ahead of its peers.
For Cyient, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is CYIENT.
- Sector exposure: IT, Financial Services.
- The immediate tone of coverage reads positive.
In this story
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