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Cyient Ltd Q2FY24; 133% rise in Profits

Cyient (formerly Infotech Enterprises Limited) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad.

Financial Results:

Cyient Ltd reported Revenues for Q2FY24 of ₹1,778.00 Crores up from ₹1,396.00 Crore year on year, a rise of 27.36%.

Total Expenses for Q2FY24 of ₹1,546.00 Crores up from ₹1,286.00 Crores year on year, a rise of 20.22%.

Consolidated Net Profit of ₹184.00 Crores up 132.91% from ₹79.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹16.10, up 124.86% from ₹7.16 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Technology
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