April 21 2016, 17.27 PM IST || Pocket News Alert
Cyient Logo
Mr. Krishna Bodanapu MD and CEO Cyient
Financial Release, Chandigarh, India, April 21, 2016
– FY16 Revenues in Rs. 30,956 Mn (3095.6Crs), Grew by 13% over last year
– Operating Profit for FY16 at Rs. 4,249 Mn (424.9Crs); Up by 6% YoY
– Strong Free Cash Flow generation at Rs. 3,378 Mn (337.8 Crs); Up by 14% YoY
KEY HIGHLIGHTS: FY 2016
Financial Highlights
− Revenue up 13% YoY at Rs. 30,956 Mn, Growth of 10% in constant currency and 6% in $
terms at $ 472 Mn
− Operating Profit at Rs. 4,249 Mn; up by 6% YoY. Operating Margin stands at 13.7%
− Net profit at Rs.3,262 Mn; net profit excluding one off at Rs. 3,442
− Strong cash flow generation of Rs. 3,378 Mn (excluding Rangsons): DSO lowest ever 79
days. Tax rate lowest at 23.9%
− Highest ever Cash balance at Rs.7,742 Mn ($117 Mn) despite four acquisitions and
increased dividend payout in last 2 years.
− Paid total dividend of Rs. 7/share already paid & no final dividend, dividend payout @30%
continues for last 2 years.
Business Highlights
− Acquired Aerospace aftermarket services business of Pratt & Whitney Singapore (GSE
Asia) in Q2 FY16
− Recognized by Pratt & Whitney as their most innovative supplier for 2015 for the third
consecutive year
− Recognized as the Best Tech Brand by Economic Times for the year 2015, in the IT and
Engineering Services subcategory
− Onsite delivery center in Australia was established to further strengthen
communication vertical
− Added 91 new clients during the year, 43 in Data Network & Operation (DNO),39 in
Engineering(ENGG) and 9 in Product Realization (PR)
KEY HIGHLIGHTS: Q4, FY 2016
Financial Highlights
– Q4 FY’16 Revenue stood at Rs.8,158 Mn, grew 4.4% QoQ
– Revenue up 2.6% QoQ in constant currency growth in services business on
back of Engg growth at 2.9% as well as Product realization business.
– Robust Free Cash Flow (FCF) generated (Excluding Rangsons) stands at Rs. 910
Mn, 73% of EBITDA ; DSO stands at 79 days- lowest ever
– Operating Profit is Rs.1,064 Mn which is a 13.0% margin
– Net Profit for Q4 FY’16 isRs.659 Mn; net profit excluding one off stands at
843Mn
Business Highlights
– Europe, Middle East, Africa and India posted a robust growth of ~11% QoQ on
constant currency basis
– APAC posted a robust growth ~9% QoQ on constant currency basis
– Engineering business grew by 2.9% QOQ on constant currency basis
– DNO business grew by 1.1% QOQ on constant currency basis
– 22 customers added during the quarter,, 11 in Data Network & Operation (DNO), 9 in
Engineering (ENGG) and 2 in Product Realization (PR)