Cyient DLM stock increases by 13% after Q4 results

On Tuesday after market hours, Cyient DLM announced its Q4 result with an 80.70% increase in its consolidated PAT on a YOY basis.

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The company’s net profit for Q4 FY2024 was rs. 22.7 cr up from Rs. 12.6 cr for Q3 FY2023.

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Its revenue from operations for the quarter also increased by 30% from Rs. 277.40 cr to Rs. 362 cr.

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This resulted in the company's share price jumping by 13.4% on Wednesday reaching Rs. 779.55 on BSE from the previous closing of Rs. 687.35.

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Cyient DLM is trading in the range of Rs. 716.70 to Rs. 780 in the first half of the trading day today.

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