CYIENT

** Shares of Cyient CYIE.NS fall as much as 1.9%; last down 1.1% at 1,121.9 rupees

** The engineering, research and development (ER&D) firm reports 24.9% fall in Q3 consol net profit to 918 million rupees ($10.02 million) year-on-year

** Co incurred one-time charge of 420 million rupees to comply with new labour codes implemented in November

** Revenue in its digital, engineering and technology (DET) segment, which accounts for around 75% of overall revenue, fell 0.7%, which the company attributed to "a fluid macroeconomic environment and a typically soft third quarter due to furloughs"

** Motilal Oswal ("Sell"; PT: 1,000 rupees) says while DET grew 1.9% Q/Q in constant currency, it indicates stabilization rather than a full demand recovery

** Says pace of deal closures and ramp-ups will be critical to sustaining growth over next few quarters

** Stock rated as "Hold" on average by 18 analysts; median PT at 1,240 rupees - LSEG data

** Stock fell 39.2% in 2025

($1 = 91.6100 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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Jan 22 (Reuters) - India's Cyient CYIE.NS reported a 24.9% fall in third-quarter profit on Thursday due to a one-time charge from the country's new revised labour codes.

The engineering, research and development (ER&D) firm's consolidated net profit fell to 918 million rupees ($10.02 million) from 1.22 billion rupees last year.

The company incurred charges of 420 million rupees to comply with new labour codes implemented in November, denting its bottomline.

India's new codes - the country's biggest overhaul of workers' laws in decades - have dragged the profit of firms in India's manpower-heavy IT sector, including that of Wipro (WIPR.NS), TCS TCS.NS, Infosys INFY.NS and HCLTech (HCLT.NS).

Revenue in its digital, engineering and technology (DET) segment, which accounts for around 75% of overall revenue, fell 0.7%, which the company attributed to "a fluid macroeconomic environment and a typically soft third quarter due to furloughs."

Total revenue fell 1.6% to 18.79 billion.

Cyient also incurred a charge worth 80 million rupees due to mergers and acquisitions expenses related to the spin-off of its semiconductor unit.

Peer Tata Elxsi too reported a fall in profit for the December quarter last week, due to the charges from the new labour codes.

($1 = 91.5980 Indian rupees)

(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Janane Venkatraman)

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** Shares of integrated electronics manufacturer Cyient DLM CYIT.NS fall as much as 4%; Last down almost 2% at 359.6 rupees

** Q3 consol revenue from ops falls nearly 32%; net profit rises 2.2%

** J.P. Morgan ("neutral"; lowers PT to 400 rupees from 450 rupees) says revenue missed view sharply due to tariff uncertainty that led clients to halt projects

** Stock rated "buy" on average by nine analysts, median PT at 451 rupees - data compiled by LSEG

**Stock fell nearly 38% in 2025

(Reporting by Mridula Kumar in Bengaluru)

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** Shares of Cyient CYIE.NS fall as much as 6.06% to 1,108 rupees

** Co reported 28.8% fall in quarterly profit on Thursday, weighed down by supply chain bottlenecks in its transport, mobility, and semiconductor businesses

** Co's quarterly revenue falls 3.7%

** CFO Prabhakar Atla highlights headwinds from wage hikes as well as ongoing macroeconomic uncertainties, as some reasons for the co's performance

** Stock rated as "Hold" on average; median PT at 1,237 rupees - LSEG data

** YTD, stock down nearly 40%

(Reporting by Mridula Kumar)

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** Cyient DLM CYIT.NS falls ~5% to 445.55 rupees, set for second consecutive session of losses

** Integrated electronics manufacturer's Q2 revenue and profit drop y/y

** Choice Institutional Equities downgrades to "sell", reduces price-to-earnings multiple to 15x from 20x on declining confidence

** Nearly 450,000 shares change hands on the day, ~1.5x of 30-day avg daily volume

** Analysts on avg rate CYIT "buy"; median PT at 532 rupees, per data compiled by LSEG

** YTD, stock down 33.4%

(Reporting by Vivek Kumar M)

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** Cyient CYIE.NS rises 3% to 1,258.80 rupees

** Co's subsidiary Cyient Semiconductors announces partnership with semiconductor test and validation services provider Anora

** Partnership brings together complementary strengths to provide end-to-end solutions for semiconductor product development

** 341,748 shares traded, more than the 30-day avg

** CYIE down ~31% YTD

(Reporting by Vijay Malkar)

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** Indian engineering and technology firm Cyient CYIE.NS climbs 2.5% to 1,273 rupees

** Co posts a ~7% y/y rise in first-quarter profit on strong deal wins, rev up ~2%

** Stock rated "hold" on avg, median PT at 1,315 rupees - data compiled by LSEG

** Year-to-date, stock down ~31%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of integrated electronics manufacturer Cyient DLM CYIT.NS slide 7.2% to 446.3 rupees

** Stock set for worst session since January 22, if losses hold

** Co's Q1 profit after tax fell ~30% y/y

** Says bottomline was hit due to lower other income and non-cash M&A costs not present last year

** Rev up 8% y/y

** With session's losses, stock down 28% so far this year

(Reporting by Yagnoseni Das in Bengaluru)

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June 24 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - VODAFONE, CYIENT UNVEIL AI-POWERED NETWORK CONFIGURATION MANAGEMENT SOLUTION

Source text: ID:nBSE4B48L2

Further company coverage: CYIE.NS

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June 12 (Reuters) - Cyient Ltd CYIE.NS:

• MIPS AND CYIENT SEMICONDUCTOR COLLABORATE

• MIPS AND CYIENT SEMICONDUCTOR COLLABORATE ON RISC-V-BASED POWER SOLUTIONS

Source text: ID:nBSE84MmNT

Further company coverage: CYIE.NS

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June 11 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT FOUNDATION AND AICTE SIGN MOU TO BUILD INNOVATION CLUSTER IN VISAKHAPATNAM

Source text: ID:nnAZN3YUFHA

Further company coverage: CYIE.NS

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** Shares of Cyient CYIE.NS fall 8.4% to 1138.3 rupees, their biggest one-day loss in three months, amid a broader weak market

** Engineering, research & design (ER&D) firm's Q4 profit falls 9.9%, hurt by weak demand in sustainability segment

** Ambit Capital("buy;" PT:2000 rupees): global macro uncertainty to weigh on co for next few quarters

** However, adds slowdowns caused by project delays to be short-term as long-term trends of aerospace demand and energy transition for co's key segments remain intact

** More than 3.6 mln shares traded, 6.4x 30-day avg

** Avg rating on stock is "hold;" median PT is 1505 rupees - data compiled by LSEG

** Stock down 38% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of integrated electronics manufacturer Cyient DLM CYIT.NS up 3.3% to 497.6 rupees

** Co's Q4 profit after tax rises 36.5% y/y on operational efficiency, higher revenue from aerospace customers; revenue up 18.3%

** Stock on track for seventh straight session of gains

** With session's gains, stock trims 12-month decline to 27.9%

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of India's Cyient CYIE.NS rise 3% to 1,180 rupees
** Engineering and technology firm gets order for hydrogen project in Norway, part of a joint venture between GreenH and Germany's Luxcara
** Cyient did not disclose financial details of the order

** YTD stock has fallen ~36%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Cyient DLM CYIT.NS jump 5.5% to 449.9 rupees

** Electronics manufacturing services co partnerswith German aircraft manufacturer Deutsche Aircraft

** Under the partnership, Cyient DLM will design, develop and manufacture cabin management system for Deutsche Aircraft

** Still, stock is down 33.5% so far in 2025 mainly after a slump in Q3 profit

(Reporting by Nishit Navin)

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April 8 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - ANNOUNCES LAUNCH OF SEMICONDUCTOR SUBSIDIARY

Source text: ID:nNSE6vdJJ8

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** Engineering, research and development (ER&D) firms, earning significant chunk of rev from tech projects executed for automakers, decline

** Previously announced U.S. tariff of 25% on imported cars and light trucks comes into effect on Thursday; to raise costs for U.S. consumers, impact clients' tech spends, stymie production

** KPIT Technologies KPIE.NS falls most, down 5.7%; Cyient CYIE.NS, L&T Technology Services LTEH.NS shed 3.6% and 2.6%

** CYIE, LTTS derive 30%-33% rev from auto clients, while KPIE earns nearly all its rev from them

** Analysts say demand for services in automotive/transport-related verticals will be hit

(Reporting by Nandan Mandayam in Bengaluru)

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March 4 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - CYIENT, AMERICAN DATA SOLUTIONS FORGE PARTNERSHIP FOR CONTENT MANAGEMENT

Source text: ID:nnAPN2OMQCE

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Feb 19 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - APPOINTS SUKAMAL BANERJEE AS CEO

Source text: ID:nNSE5vCk3N

Further company coverage: CYIE.NS

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Feb 5 (Reuters) - Cyient Ltd CYIE.NS:

• ENTERS MOU WITH MICWARE NAVIGATIONS

Source text: ID:nBSE8r13ms

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** Shares of Cyient CYIE.NS fall 20% to 1,404.2 rupees, set for their biggest ever one-day loss, in busiest session in nearly four years

** Engineering and technology firm's Q3 profit misses expectations, hurt by slower growth in its biggest segment and higher costs

** Expects project-led volatility to continue in FY26 before it achieves some stability in FY27 - PL Capital

** Co's FY25 revenue growth guidance of -2.7%, Q4 EBIT margin guidance of 13.5%, both weaker than expected - Ambit Capital

** A weak Q4, seasonally weak H1 could lead to lower revenue growth for FY26 - Motilal Oswal

** Stock lost 20% in 2024 vs 4% gain in peer Mphasis MBFL.NS

(Reporting by Aleef Jahan in Bengaluru)

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Jan 23 (Reuters) - Indian engineering and technology firm Cyient CYIE.NS reported a third-quarter profit below analysts' expectations on Thursday, hurt by slower growth in its biggest segment and higher costs.

Its profit declined to 1.22 billion rupees ($14.12 million) for the three months ended Dec. 31, from 1.47 billion rupees a year ago. Analysts had expected 1.71 billion rupees, according to data compiled by LSEG.

Growth in Cyient's transportation division — which contributes 30% to the company's biggest unit, digital, engineering and technology — has eased over the past few quarters due to delays in project starts in the aerospace segment and slowdown in the rail segment.

The downbeat results also echo those of peer engineering, research and design companies (ER&D) Tata Elxsi TTEX.NS and L&T Technology Services LTEH.NS.

ER&D services, which include providing technology support to industries such as aerospace, telecom and automotive, contribute a sixth of the revenue to India's $254-billion technology sector.

Cyient's total expenses rose 9% during the quarter, led by a 26% jump in its cost of materials consumed and a 6% rise in employee expenses.

Revenue from the company's digital, engineering and technology segment, which contributes more than 76% to its total revenue — fell 1%.

Its smaller design-led manufacturing business, Cyient DLM CYIT.NS, posted a 38% rise in revenue.

Cyient's total revenue rose 5.7% to 19.26 billion rupees, beating analysts' estimates.

($1 = 86.4040 Indian rupees)

(Reporting by Aleef Jahan)

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** Shares of electronics manufacturing services company Cyient DLM CYIT.NS fall as much as 12.5% to 521.50 rupees, lowest since Aug. 21, 2023

** CYIT on Tuesday reported 40.4% Y/Y fall in Q3 consol net profit

** While rev from ops rose 38.4% Y/Y, total expenses jumped 42.7% Y/Y led by higher input cost

** Stock witnessing its most active trading session since Nov. 6, 2024, with more than 658,000 shares changing hands, 3.6x of 30-day avg

** Avg rating of six analysts equivalent of "buy", median PT is 831 rupees - LSEG data

** Stock ended down 0.8% in 2024

(Reporting by Ashish Chandra in Bengaluru)

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Jan 20 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT EXPANDS STRATEGIC PARTNERSHIP WITH DEUTSCHE AIRCRAFT

• SECURES MULTI-YEAR DEAL FOR D328ECO TECHNICAL PUBLICATION

Source text: ID:nBSE5DtkKj

Further company coverage: CYIE.NS

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** Shares of several of India's engineering, research and development (ER&D) companies gain

** KPIT Technologies KPIE.NS rises 3.3%, Persistent Systems inches up 0.7% PERS.NS, L&T Technology LTEH.NS up 0.5%, Cyient CYIE.NS increases 1.7%, and Tata Technologies TATE.NS up 0.1%

** KPIT Technologies rises after J.P. Morgan sees growth picking up in the sector and calls it the top pick

** Lists PERS, LTEH, CYIE, Tata Elsxi TTEX.NS, and TATE as its favourite picks in ER&D space after KPIE

** Brokerage says weakness in auto segment for ER&D is cyclical and should see a bounce back in 2025

** Adds, acceleration in auto segment should drive expansion in growth premium for ER&D over IT

** Barring PERS and LTEH, which have risen 61% and 4% in 2024 so far, the other four companies are in the red for the year, shedding between 6.8% and 23% - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Nov 15 (Reuters) - Cyient Ltd CYIE.NS:

• CO, ALLEGRO MICROSYSTEMS PARTNER FOR MAGNETIC SENSORS & POWER SEMICONDUCTORS

Source text: ID:nBSE3n95Sr

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Oct 28 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT ACQUIRES STAKE IN AZIMUTH AI TO BUILD CUTTING-EDGE ASIC CHIPS AND STRENGTHEN SEMICONDUCTOR CAPABILITIES

• CYIENT LTD - ACQUIRES 27.3% STAKE IN AZIMUTH AI

Source text: ID:nPreFDYgna

Further company coverage: CYIE.NS

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** Shares of Cyient CYIE.NS rise as much as 6.9% to 1,900 rupees; set for best one day pct-gain since July 12, if trend holds

** Stock among top gainers on Nifty smallcap 50 index .NISM50, which is down 1.7%

** Technology solutions provider posted a profit of 1.79 bln rupees ($21 mln), beating analysts' estimate of 1.64 bln rupees, as per data compiled by LSEG

** Rev at 18.49 bln rupees, beating estimate of 16.63 bln rupees

** More than 1.5 mln shares change hands, 5.3x its 30-day avg

** Eighteen analysts covering the stock on avg have a "buy" rating; median PT is 1,990 rupees - LSEG data

** Stock down 20% YTD vs a 21% rise in .NISM50

($1 = 84.0670 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Oct 24 (Reuters) - Cyient Ltd CYIE.NS:

• CONSIDERATON FOR ACQUIRING 27.3% STAKE AZIMUTH AI, INC IS $7.25 MILLION

Source text for Eikon: ID:nBSE9rYbz1

Further company coverage: CYIE.NS

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** Shares of electronics manufacturing services company Cyient DLM CYIT.NS shed 4.62% after reporting Q2 profit below estimates

** PAT rose 5.5% to 154.54 mln rupees, below analysts' mean estimate of 218 mln rupees - LSEG data

** PAT missed estimates due to higher interest cost, according to Motilal Oswal

** Core profit margins nearly flat Y/Y at 8.12% compared to 8.07% a year ago

** Order book fell 13% Y/Y to 19.79 bln rupees in Q2, marking the third consecutive quarter of decline

** Brokerage factors in a higher-than-anticipated interest cost in the ongoing fiscal year due to a rise in debt

** Cuts FY25 earnings estimates by 5% and says Middle East conflict is impacting the supply chain

** CYIT shares down 1.3% in 2024 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))