Cyient Limited (CYIENT)
General Updates
Cyient Limited approved acquisition of remaining 49% stake in Cyient Solutions and Systems Private Limited (CSSPL), making it a wholly owned subsidiary. CSSPL operates in aerospace/defense, focusing on unmanned aerial systems manufacturing. Acquisition cost is INR 1,00,000, expected to complete within 120 days, subject to regulatory approvals. Transaction is not a related party deal and aligns with Cyient's main business.
Source: Original filing PDF
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🚨 CYIENT — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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