Cyient Ltd announced a 240 per cent interim dividend on Thursday, October 22, alongside its Q2FY27 results. The company declared a dividend of Rs 12 per equity share. While total income grew to Rs 22,436 million, net profit fell to Rs 1,325 million. Shares closed at Rs 1,148 on the NSE.

Cyient Dividend: IT company Cyient Ltd on Thursday, October 22, announced an interim dividend of 240 per cent along with its Q2FY27 results. In a regulatory filing, the company said that it has declared a dividend of Rs 12 per equity share with a face value of Rs 5 each. The announcement came after market hours.

Cyient Q2 results: Year-on-year performance

Cyient reported a net profit of Rs 1,325 million in Q2FY27, compared with Rs 1,429 million in the year-ago quarter. This marks a decline of 7.3 per cent year-on-year.

Total income increased to Rs 22,436 million from Rs 18,310 million, registering a growth of 22.5 per cent.

Revenue from contracts with customers rose to Rs 22,350 million from Rs 17,810 million in the corresponding quarter last year, an increase of 25.5 per cent.

Cyient Q2 results: Quarter-on-quarter performance

On a quarter-on-quarter basis, Cyient's consolidated profit increased to around Rs 121 crore from around Rs 104 crore. Consolidated income rose to around Rs 2,235 crore from around Rs 2,076 crore.

Earnings before interest and tax (EBIT) increased to around Rs 228 crore from around Rs 187 crore. The EBIT margin improved to 10.2 per cent from 9 per cent in the previous quarter.

Cyient segment results

In the Digital, Engineering & Technology (DET) segment, the result increased to Rs 2,319 million from Rs 1,538 million in the year-ago period.

The Design Led Manufacturing (DLM) segment reported Rs 422 million, compared with Rs 403 million a year earlier.

The Semiconductors segment reported a loss of Rs 300 million against a positive result of Rs 235 million in the corresponding quarter last year. The Others segment reported a loss of Rs 18 million, compared with a positive result of Rs 9 million a year ago.

Total segment results stood at Rs 2,423 million, compared with Rs 1,697 million in the year-ago quarter.

Cyient share price

Cyient shares closed at Rs 1,148 on the NSE on October 22, down Rs 21.70, or 1.86 per cent.

The stock opened at Rs 1,169.70 and touched an intraday high of Rs 1,183.20 and a low of Rs 1,127. The company's market capitalisation stood at Rs 12,630 crore.

Its 52-week high is Rs 1,224.40, while its 52-week low is Rs 750.30.