Cyient has reported results for first quarter ended June 30, 2015.
The company has reported 28.71% rise in its net profit at Rs 69.85 crore for the quarter ended June 30, 2015 as compared to Rs 54.27 crore for the same quarter in the previous year. The company’s total income has increased by 15.79% to Rs 375.1 crore for the quarter under review from Rs 323.96 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 9.22% rise in its net profit at Rs 74.83 crore for the quarter ended June 30, 2015 as compared to Rs 68.51 crore for the same quarter in the previous year. Total income of the company has increased by 18.96% at Rs 755.23 crore for quarter under review as compared to Rs 634.87 crore for the quarter ended June 30, 2014.
The Company acquired 51% shareholding in Invati Insights, India (and its wholly owned subsidiary Invati Insights LLC, USA), on October 15, 2014 and the same has been consolidated from October 16, 2014.
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