Cyient reports 2% fall in Q2 consolidated net profit

13 Oct 2016

Cyient has reported results for second quarter ended September 30, 2016. 

The company has reported 17.68% fall in its net profit at Rs 63.42 crore for the quarter under review as compared to Rs 77.04 crore for the same quarter in the previous year. Total income of the company decreased by 3.47% at Rs 346.91 crore for Q2FY17 as compared Rs 359.37 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has reported 2.19% fall in its net profit after taxes, minority interest and share of profit of associates and joint ventures at Rs 97.25 crore for the quarter ended September 30, 2016 as compared to Rs 99.43 crore for the same quarter in the previous year. Total Income of the company has increased by 16.47 % to Rs 933.36 crore for quarter under review from Rs 801.35 crore for the quarter ended September 30, 2015.

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