{"id":837542,"date":"2024-07-26T10:01:53","date_gmt":"2024-07-26T04:31:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=837542"},"modified":"2024-07-26T10:01:53","modified_gmt":"2024-07-26T04:31:53","slug":"erd-firm-cyients-q1-profit-declines-23-8-to-rs-144-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/26\/erd-firm-cyients-q1-profit-declines-23-8-to-rs-144-crore\/","title":{"rendered":"ER&amp;D firm Cyient&#8217;s Q1 profit declines 23.8% to Rs 144 crore"},"content":{"rendered":"<p>Engineering service provider Cyient reported a 23.8% sequential drop in its first-quarter net profit at Rs 144 crore. On a year-on-year (YoY) basis, the profit for the Hyderabad-based firm declined 18.6%.<\/p>\n<p>Unlike the previous quarter when the firm saw deal wins from Airbus and Deutsche Aircraft, the ER&amp;D (engineering and research and development) firm\u2019s revenue was impacted by greater-than-anticipated delays and right shifts in project execution in the connectivity segment. Its Q1 revenue was down 0.6% YoY and 9.9% sequentially at Rs 1,675.7 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering service provider Cyient reported a 23.8% sequential drop in its first-quarter net profit at Rs 144 crore. On a year-on-year (YoY) basis, the profit for the Hyderabad-based firm declined 18.6%. Unlike the previous quarter when the firm saw deal wins from Airbus and Deutsche Aircraft, the ER&amp;D (engineering and research and development) firm\u2019s revenue was impacted by greater-than-anticipated delays and right shifts in project execution in the connectivity segment. Its Q1 revenue was down 0.6% YoY and 9.9% sequentially at Rs 1,675.7 crore.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-837542","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=837542"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837542\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=837542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=837542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=837542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}