Business EconomyPosted at: Jan 18 2018 10:37PM

Hyderabad, Jan 18 (UNI) Cyient Limited,a global provider of engineering, manufacturing,
geospatial, network and operations management solutions, on Thursday reported a 15.5 per cent
up in net profit to Rs 108.8 crore for the quarter ended December 31,2017.

The Hyderabad-based company had posted a net profit of Rs 94.2 crore in the corresponding quarter
last year,Cyient said in a statement

During Q3 FY18, the Company recognized an exceptional operating loss of Rs 20.4 crore in IASI
due to hurricanes in Puerto Rico and loss of Rs 5 crore on IASI divestment, the company said in
a statement here.

The company’s revenues witnessed 7.2 per cent growth in revenue from Rs 917 crore in third
quarter of last financial year to Rs 983 crore in the same quarter this year.

Commenting on the results, the company CEO and Managing Director Mr. Krishna Bodanapu, said,
“Q3 FY18 was inline with our expectations both in revenue and margin. We are coming off a strong
quarter in Q2 and Q3 is a seasonally weak quarter due to lower working days.

Despite this, we recorded the highest ever revenue of USD 152 million in the quarter, an increase of
11.9 per cent Year-on-Year.

The growth in our services business was driven by Utilities & Geospatial (U&G), Transportation,
Industrial, Energy and Natural Resources (IENR) and Aerospace business units. The Design Led
Manufacturing (DLM) business recorded a de-growth of 23.2 per cent due to pushout of an order to
Q4.

Our operating margin for the quarter stood at 14.6% per cent, an increase of 116 bps YoY while
the services OPM at 15.7 per cent is lower by 51 bps QoQ and higher by 93 bps YoY.

Our outlook for FY 18 is strong, backed by a strong pipeline and order backlog. We expect a double
digit growth in our services business while DLM business is expected to grow around 20 per cent,
he added.

Company CFO and President, Ajay Aggarwal, said, that during Q3 FY18, we saw a well-rounded
growth both across top line which grew 11.9 per cent YoY and 1.3 per cent QoQ despite headwind
of furloughs, operating margin at 14.6 per cent expanding 116 basis points YoY and flat sequentially
despite higher pay days in Q3 FY 18.

''We also declared a second interim dividend of Rs. 4 share. We continue to focus on organic and inorganic strategic investments,'' he added.
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