Published 12:51 IST, January 24th 2025
Cyient Share Price Today: Stock Plummets Over 20% To Hit 52-Week Low - Details
Cyient shares plummeted by over 20% today, hitting a fresh 52-week low of Rs 1,398.85 per share, following disappointing quarterly results.
- Markets
- 2 min read
Cyient, a global engineering and technology firm founded in 1991, witnessed a sharp decline in its share price today, dropping over 20% to touch Rs 1,398.85 on both BSE and NSE .
This decline followed the company's release of its Q3FY25 financial results, which failed to meet market expectations.
Disappointing Q3FY25 Results
In the third quarter of the financial year 2025, Cyient reported a significant 31.7% quarter-on-quarter decrease in profit, falling from Rs 179.1 crore to Rs 122.3 crore. Despite a 4.2% increase in revenue to Rs 1,926.4 crore from Rs 1,849.1 crore in the previous quarter, the company's profitability metrics suffered.
Operational Challenges Reflected in Ebitda
The company's Ebitda (Earnings before interest, tax, depreciation, and amortization) also took a hit, dropping by 14.4% sequentially to Rs 279 crore in Q3FY25, down from Rs 296.7 crore in Q2FY25.
Cyient's Strategic Focus and Market Position
Cyient provides a wide array of services spanning engineering, manufacturing, data analytics, and digital technology. It supports industries in network transformation, clean energy, and geospatial data improvement. Despite its strategic positioning, the recent financial downturn reflects broader market pressures and internal operational adjustments.
Cyient Share Price History
Over the past decade, Cyient's stock has shown mixed performance, with gains of 153.26% over 10 years and declines of 31.69% in the last year, 25.83% in the last six months, and 26.48% in the last month alone.
Updated 15:13 IST, January 24th 2025