Cyient reports 29% fall in Q4 consolidated net profit

22 Apr 2016

Cyient has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a fall of 65.62% in its net profit at Rs 24.92 crore for the quarter ended March 31, 2016 as compared to Rs 72.48 crore for the same quarter in the previous year. Total income of the company has decreased by 14.01% at Rs 302.86 crore for quarter under review as compared to Rs 352.22 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a decline of 29.49% in its net profit at Rs 66.06 crore for the quarter ended March 31, 2016 as compared to Rs 93.69 crore for the corresponding quarter in the FY15. However, total income of the company rose 9.62% at Rs 841.68 crore for quarter under review as compared to Rs 767.85 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a fall of 13.91% in its net profit at Rs 233.45 crore as compared to Rs 271.16 crore for the same period in the previous year. Total income of company decreased 2.71% at Rs 1359.05 crore for year under review as compared to Rs 1396.94 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted decline of 7.63% in its net profit at Rs 326.25 crore as compared to Rs 353.20 crore for the same period in the previous year. Total income of company has increased by 12.12% at Rs 3204.11 crore for year under review as compared to Rs 2857.70 crore for the period ended March 31, 2015.

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