Home / Business and Economy / Cyient Declares Rs 12 Dividend as Revenue Surges 25%
Cyient Declares Rs 12 Dividend as Revenue Surges 25%
22 Oct
Summary
- Cyient's Q2 profit declined 5% to Rs 121.4 crore.
- Revenue saw a significant 25% year-over-year increase.
- An interim dividend of Rs 12 per share for FY27 was announced.
Cyient's second-quarter financial results showed a 5% decrease in profit, amounting to Rs 121.4 crore. This occurred despite a substantial 25% year-over-year increase in revenue, which reached Rs 2,235 crore for the period.
The company also declared its first interim dividend for FY27, a payout of Rs 12 per share on equity valued at Rs 5 face value. The record date for this dividend has been set for October 28, with payments expected by November 17.
Cyient's Digital, Engineering & Technology (DET) division reported a 15.7% year-over-year revenue rise to Rs 1,664 crore. The Design Led Manufacturing (DLM) segment also demonstrated strong performance, with revenue growing over 26% year-over-year. The semiconductor segment's revenue jumped significantly to Rs 185 crore, highlighting key growth opportunities.
Despite the profit dip, company leadership expressed optimism about future growth, particularly in the Defence, semiconductors, and AI industries. The stock's performance over the past six months has seen an increase of around 20%.
