Margin is likely to improve to ~9.8-10.0%, but unlikely to touch 10.5% given commodity headwinds. Debt management and cash collection have been key focus areas, reflected in flat net debt at Rs 33 bn in Q1FY21.
According to the company, claims under various regulatory orders stand at Rs 235 billion (50% approved; Rs 60 billion received so far). Subsequent to approval from Board and shareholders, the company has made application to s
Cyient’s Q1FY21 revenue fell 12.5% q-o-q owing to >20% q-o-q dip in its A&D, utilities and semi-conductors businesses. While the DLM business grew ~8% q-o-q, its small base could not offset the decline in services.