Cyient Limited Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Tax Rate Guidance for the Year 2018
July 13, 2017 at 04:34 am EDT
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Cyient Limited announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported operating revenue of INR 9,070 million against INR 8,349 million a year ago. Operating profit was INR 1,160 million against INR 1,090 million a year ago. Profit before tax (PBT) was INR 1,198 million against INR 929 million a year ago. Profit after tax (reported) was INR 878 million against INR 740 million a year ago. Profit after tax (adjusted) was INR 878 million against INR 740 million a year ago. Basic EPS (reported) was INR 7.8 against INR 6.6 a year ago. Basic EPS (adjusted) was INR 7.8 against INR 6.6 a year ago. Capital expenditure was INR 258 million against INR 196 million a year ago. Earnings before interest and tax were INR 1,172 million against INR 911 million a year ago. The free cash flow generated stands at INR 468 million which is 43% of EBITDA.
For the year 2018, the company expected to clock a tax rate of 26% to 28%.
Cyient Limited is an India-based global engineering and technology solutions company. The Company is engaged in providing global technology services and solutions, specializing in geospatial, engineering design, information technology solutions and data analytics. It also specializes in the areas of total electronics manufacturing solutions in the fields of medical, industrial, automotive, telecommunications, defense and aerospace applications, including manufacturing and machining of components for aerospace, automotive and defense industries. Its segments include Digital, Engineering and Technology; Design Led Manufacturing (DLM), and Others. The Digital, Engineering and Technology segment includes transportation, connectivity, hi-tech, automotive, semicon and medical technologies, and the digital, embedded solutions are across the business units. The DLM segment is engaged in the business of electronic manufacturing services. Its platforms include CyFAST, CyMedge, and PlatformX.
CYIENT LIMITED 
