Strong growth in aerospace and defense drives revenue

Company
23 Jul 2024
5 Min read 
  • Cyient DLM reported healthy quarter with revenue growth of ~19% YoY in 1QFY25
  •  Margins declined 140bp YoY to 7.8% due to higher SG&A expenses
  •  Order book stood at ~INR21.3b as of 1QFY25, with expectations of higher order inflows in 2QFY25
  •  Company expects strong 2QFY25 due to spillover of certain orders from 1Q
  •  CYIENTDL maintains guidance for ~30% revenue CAGR with double-digit margins in medium term
  •  The company is likely to capture its share of the pie on the back of its strong core competencies and high technical capabilities.
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