CYIENT Announces Quarterly Results (4QFY19); Net Profit Up 45.0%

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CYIENT Announces Quarterly Results (4QFY19); Net Profit Up 45.0%
Tue, 30 Apr

CYIENT has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

CYIENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m10,61811,87711,629-2.1%9.5%
Other incomeRs m439187789321.9%79.7%
TurnoverRs m11,05712,06412,4182.9%12.3%
ExpensesRs m9,19810,1359,963-1.7%8.3%
Gross profitRs m1,4221,3681,63119.2%14.7%
DepreciationRs m257280261-6.8%1.6%
InterestRs m578583-2.4%45.6%
Profit before taxRs m1,5471,1902,07674.5%34.2%
TaxRs m33526631819.5%-5.1%
Profit after taxRs m1,2129241,75890.3%45.0%
Gross profit margin%13.411.514.0
Effective tax rate%21.722.415.3
Net profit margin%11.07.714.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.5% on a year-on-year (YoY) basis. The expenses were up by 8.3% YoY during the same period.
  • The company's operating profit increased by 14.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.0% in 4QFY19 as against 13.4% in 4QFY18.
  • Depreciation charges increased by 1.6% and finance costs increased by 45.6% YoY, respectively.
  • Other income increased by 79.7% YoY during the quarter.
  • Net profit for the quarter increased by 45.0% YoY. Net profit margins during the quarter increased from 11.0% in 4QFY18 to 14.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit increased by 19.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.0% in 4QFY19 as against 11.5% in 3QFY18.
  • Net profit for the quarter increased by 90.3% QoQ, while net profit margins increased from 7.7% in 3QFY18 to 14.2% in 4QFY19.

To see how CYIENT has performed over the last eight quarters, please visit here.

CYIENT Share Price Performance

Over the last one year, CYIENT share price has moved up from Rs 763.2 to Rs 582.2, registering a Loss of Rs 181.0 or around 23.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,148.4 (up 0.6%). Over the last one year it has moved up from 13,567.7 to 16,148.4, a gain of 2,581 points (up 19.0%).

Overall, the S&P BSE SENSEX is up 11.8% over the year.

Current Valuations

At the current price of Rs 582.2, the price to earnings (P/E) ratio of CYIENT stands at 13.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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