menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Cyient Sha...
source image

Bloomberg Quint

4h

read

257

img
dot

Image Credit: Bloomberg Quint

Cyient Share Price Locked In Lower Circuit After Q3 Net Profit Fall

  • Cyient Ltd's share price fell 15% and was locked in the lower circuit after reporting a decline in net profit for Q3.
  • The net profit for Q3 decreased to Rs 122.3 crore from Rs 179 crore in the previous quarter.
  • Despite the drop in profit, the company experienced a 4.2% increase in revenue to Rs 1,926.4 crore.
  • The company's margin slipped to 11% in Q3, and the decline in Ebit further impacted investor confidence.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app