Cyient DLM Limited announced the financial results for the quarter and nine months ended December 31, 2024.
Post the announcement, on January 22, 2025, Cyient DLM share price opened at ₹561.00, down from its previous close of ₹596.10. At 12:16 PM, the share price of Cyient DLM was trading at ₹524.85, down by 11.95% on the NSE. Notably, the stock price touched its 52-week low today at ₹515.50.
For the reported period, the company achieved a revenue of ₹4,442 million, marking a 38.4% year-on-year growth. EBITDA stood at ₹359 million, reflecting a 21.9% increase compared to the previous year. However, the profit after tax (PAT) saw a decline of 9.8% YoY, reaching ₹166 million. The company’s order backlog at the end of the period amounted to ₹21,429 million.
In terms of profitability, the EBITDA margin (adjusted) was recorded at 8.1%, while the PAT margin stood at 3.7%. The EBITDA margin saw a decline of 109 basis points (bps) year-on-year, and the PAT margin decreased by 200 bps YoY.
The company reported a 31.5% year-on-year growth in its 9-month revenue, reaching ₹10,046 million, a 21% increase in standalone revenue. The company incurred one-time M&A integration expenses of ₹80 million in Q3, which were excluded from the adjusted EBITDA calculation. The 9-month adjusted EBITDA grew by 19.9% YoY, though reported EBITDA showed a more modest 8.9% increase due to the integration expenses. In Q3, the company achieved an 11.0% YoY growth in adjusted PAT, driven by volume growth.
The company delivered strong revenue growth and solid profit performance despite one-time M&A integration expenses.
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Published on: Jan 22, 2025, 2:11 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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