Cyient slides on quarterly profit fall

Cyient

17/10/2025 05:16

** Shares of Cyient CYIE.NS fall as much as 6.06% to 1,108 rupees

** Co reported 28.8% fall in quarterly profit on Thursday, weighed down by supply chain bottlenecks in its transport, mobility, and semiconductor businesses

** Co's quarterly revenue falls 3.7%

** CFO Prabhakar Atla highlights headwinds from wage hikes as well as ongoing macroeconomic uncertainties, as some reasons for the co's performance

** Stock rated as "Hold" on average; median PT at 1,237 rupees - LSEG data

** YTD, stock down nearly 40%

 (Reporting by Mridula Kumar)

 ((mridula.kumar@thomsonreuters.com))