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Cyient shares tank over 6 pc as Q1 net profit dips

The company's stock tumbled 6.16 per cent to close at Rs 696.30 on the BSE. Intra-day, it slumped 7 per cent to Rs 690.


PTI 13 Jul 2018, 05:20 PM India
Cyient shares tank over 6 pc as Q1 net profit dips
  • The company had posted a net profit of Rs 87.8 crore in the same period previous year. (Image Credit: Twitter)

Shares of IT firm Cyient today plunged over 6 per cent after the company reported a decline in consolidated net profit for the three months ended June 30 of this fiscal.

The company's stock tumbled 6.16 per cent to close at Rs 696.30 on the BSE. Intra-day, it slumped 7 per cent to Rs 690.

On the NSE, shares of the company tanked 5.98 per cent to end at Rs 700.

In terms of equity volume, 1 lakh shares of the company were traded on the BSE and over 20 lakh shares changed hands on the NSE during the day.

IT firm Cyient yesterday reported a 6 per cent decline in consolidated net profit to Rs 82.5 crore attributable to shareholders of the company for the three months ended June 30, this fiscal.

The company had posted a net profit of Rs 87.8 crore in the same period previous year.

Revenue from operations rose 19.1 per cent year-on-year to Rs 1,080 crore during the recently-concluded June quarter, the company said in a regulatory filing.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)