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CYIENT LTD Announces Quarterly Results (1QFY19); Net Profit Down 4.1%

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CYIENT LTD Announces Quarterly Results (1QFY19); Net Profit Down 4.1%
Wed, 25 Jul

CYIENT LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

CYIENT LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m9,07010,61810,8001.7%19.1%
Other incomeRs m371439169-61.5%-54.4%
TurnoverRs m9,44111,05710,969-0.8%16.2%
ExpensesRs m7,9379,1989,4943.2%19.6%
Gross profitRs m1,1581,4221,307-8.1%12.9%
DepreciationRs m26125728510.9%9.2%
InterestRs m44577124.6%61.4%
Profit before taxRs m1,2241,5471,120-27.6%-8.5%
TaxRs m373335304-9.3%-18.5%
Profit after taxRs m8511,212816-32.7%-4.1%
Gross profit margin%12.813.412.1
Effective tax rate%30.521.727.1
Net profit margin%9.011.07.4
* 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 19.1% on a year-on-year (YoY) basis. The expenses were up by 19.6% YoY during the same period.
  • The company's operating profit increased by 12.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 1QFY19 as against 12.8% in 1QFY18.
  • Depreciation charges and finance costs increased by 9.2% YoY and 61.4% YoY, respectively.
  • Other income declined by 54.4% YoY during the quarter.
  • Net profit for the quarter declined by 4.1% YoY. Net profit margins during the quarter declined from 9.0% in 1QFY18 to 7.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.2% QoQ during the same period.
  • The company's operating profit declined by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 1QFY19 as against 13.4% in 4QFY18.
  • Net profit for the quarter declined by 32.7% QoQ, while net profit margins declined from 11.0% in 4QFY18 to 7.4% in 1QFY19.

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

CYIENT LTD Share Price Performance

Over the last one year, CYIENT LTD share price has moved up from Rs 534.6 to Rs 708.0, registering a Gain of Rs 173.4 or around 32.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,614.0 (down 0.4%). Over the last one year it has moved up from 10,457.9 to 14,614.0, a gain of 4,156 points (up 39.7%).

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 708.0, the price to earnings (P/E) ratio of CYIENT LTD stands at 19.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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