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Cyient’s Q3 revenues dip 7%

Engineering and geo-spatial player Cyient has reported a decline in revenues in the third quarter ended December 31, 2019. Its consolidated revenue stood at ₹1,106 crore in the quarter, showing a decline of 6.9 per cent over revenues of ₹1,187 crore in the same quarter last year.

It registered a 17.6 per cent jump in profit after tax at ₹108.3 crore (₹92.1 crore).

“The third quarter is generally a slow quarter and we recorded a revenue decline of 5.7 per cent in constant currency quarter on quarter and 5.3 per cent year-on-year ...

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