Q4 2024 Cyient Ltd Earnings Call Transcript
Key Points
- Cyient Ltd (BOM:532175) signed a strategic partnership with Deutsche Aircraft Group for detailed design and manufacturing of a new turboprop aircraft fuselage.
- The company secured a new long-term relationship with Airbus for cabin interior displays and cabin installation display systems, lasting 15 years.
- Cyient Ltd (BOM:532175) was ranked as a leader in ER&D services in North America and Europe, recognized for innovation across multiple industries.
- The company debuted in data analytics and AI leadership rankings, showcasing its capabilities and industrial expertise.
- A final dividend of INR18 per share was announced, bringing the total to INR30 per share, the highest dividend ever paid by the company.
- Q4 revenue was lower than expected, with a slight de-growth of 0.1% in rupee terms and 0.5% in constant currency.
- The communications business recovery was back-ended during the quarter, impacting overall performance.
- Despite a solid EBIT margin of 16%, revenue growth was flattish, marking the first non-growth quarter after seven consecutive quarters of growth.
- The transportation vertical experienced a decline of 1.5% QoQ, reflecting ongoing challenges in this sector.
- The company provided a cautious revenue growth guidance of high single digits for FY25, reflecting uncertainties in the macroeconomic environment and customer project deferrals.
Ladies and gentlemen, good day, and welcome to the Cyient Limited Q4 FY24 earnings conference call.(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to the Executive Vice Chairman and Managing Director of Cyient Limited, Mr. Krishna Bodanapu. Thank you, and over to you, sir.
Thank you very much and good evening, ladies and gentlemen, and welcome to Cyient Limited's earnings call for the fourth quarter of FY 2024. I'm Krishna Bodanapu, Executive Vice Chairman and Managing Director, present with me on this call are Mr. Karthik Natarajan Executive Director and CEO, and Mr. Prabhakar Atla, President and CFO.
Before we begin, I would like to mention that some of the statements made in today's discussions may be forward-looking in nature and may involve risks and uncertainties. A detailed statement in this regard is available in our investor update, which has been e-mailed to you and is also posted on our website. This
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