India's Cyient set for worst day ever after Q3 profit misses view

Mphasis

24/01/2025 06:57

** Shares of Cyient  CYIE.NS  fall 20% to 1,404.2 rupees,
set for their biggest ever one-day loss, in busiest session in
nearly four years 
    ** Engineering and technology firm's Q3 profit misses
expectations, hurt by slower growth in its biggest segment and
higher costs
    ** Expects project-led volatility to continue in FY26 before
it achieves some stability in FY27 - PL Capital
    ** Co's FY25 revenue growth guidance of -2.7%, Q4 EBIT
margin guidance of 13.5%, both weaker than expected - Ambit
Capital
    ** A weak Q4, seasonally weak H1 could lead to lower revenue
growth for FY26 - Motilal Oswal
    ** Stock lost 20% in 2024 vs 4% gain in peer Mphasis
 MBFL.NS  




 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))