India's Cyient DLM slumps after Q1 profit hit by M&A costs

Cyient DLM

23/07/2025 05:06

** Shares of integrated electronics manufacturer Cyient DLM CYIT.NS slide 7.2% to 446.3 rupees

** Stock set for worst session since January 22, if losses hold

** Co's Q1 profit after tax fell ~30% y/y

** Says bottomline was hit due to lower other income and non-cash M&A costs not present last year

** Rev up 8% y/y

** With session's losses, stock down 28% so far this year

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))