External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>In Q3FY24, Cyient reported revenue of Rs 1,822 Cr, up 2% QoQ and 13% YoY. The company’s operating margins remain flattish to 14.3%.</li><li>The Services’ operating margins declined 30bps and improved 140bps YoY, led by efficient execution during the quarter as well as currency translation.</li><li>The company’s net profit for Q3FY24 stood at Rs 147 Cr, registering a de-growth of 17% QoQ and 6% YoY due to one-time impairment cost of Rs 38 Cr. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In Q3FY24, Cyient reported revenue of Rs 1,822 Cr, up 2% QoQ and 13% YoY. The company’s operating margins remain flattish to 14.3%.The Services’ operating margins declined 30bps and improved 140bps YoY, led by efficient execution during the quarter as well as currency translation.The company’s net profit for Q3FY24 stood at Rs 147 Cr, registering a de-growth of 17% QoQ and 6% YoY due to one-time impairment cost of Rs 38 Cr. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cyient Ltd - Strong Results; Improved Vertical Outlook