Reported about 8 hours ago
Indian engineering firm Cyient announced a third-quarter profit that fell short of analysts' expectations, attributing it to rising costs and slower growth in its key transportation segment. The profit declined to 1.22 billion rupees compared to 1.47 billion last year, while total expenses grew by 9%, affecting its primary digital, engineering, and technology segment revenue. Despite a modest revenue increase of 5.7%, the disappointing earnings reflect broader trends in the engineering and technology sector.
Source: YAHOO