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Cyient Results: Latest Quarterly Results & Analysis

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Cyient Ltd. 16 Oct 2025 16:39 PM
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Q2FY26 Quarterly Result Announced for Cyient Ltd.

IT Consulting & Software company Cyient announced Q2FY26 results

  • Revenue: Rs 1,781 crore, change -3.7% YoY.
  • PAT: Rs 128 crore, change -28.8% YoY.
  • EPS: Rs 11.55 for Q2FY26, change -29.0% YoY.

Krishna Bodanapu, Executive Vice Chairman and Managing Director, said: “This quarter, Cyient Group sustained its growth momentum, delivering results in line with expectations across key segments, even amid a challenging macroeconomic and geopolitical environment. Our sound cash position and profitability underscore our strength and readiness to deliver growth across our diversified portfolio of DET, DLM, and Semiconductors.

Cyient Semiconductors delivered a strong rebound in Q2 with 12% growth, reflecting a renewed focus on execution and customer momentum. As we continue to invest in strengthening partnerships, leadership and advisory depth, and a high-caliber team, I am confident that Cyient Semiconductors will not only deliver strong results in the coming quarters but also shape the future growth of Cyient.

Under the new leadership of DET, we continue to witness sustained growth and strong recovery across our key industry segments. We won several notable deals including a large deal from an Aerospace customer who selected Cyient as a partner to strengthen their engineering operations. We expanded our customer base with several new additions while deepening relationships with our existing key accounts. We have further invested in our technology portfolio, integrating our engineering and domain expertise with capabilities in data and AI to deliver intelligent engineering solutions at scale to our customers. Our engineering strength, technology leadership, and strategic partnerships continue to earn industry recognition for delivering innovative, value-driven solutions.

With a strong leadership team, resilient business model, and a purpose-driven culture, we look forward to building on our momentum and delivering a stronger performance in FY26.”

Prabhakar Atla, President and Chief Financial Officer, said: “DET posted a healthy performance this quarter, delivering a revenue of USD 164.4 million, a growth of 50 bps in constant currency. In rupee terms, revenue stood at Rs 1438 crore, with QoQ growth of 3.3%. Achieving this growth despite ongoing macroeconomic uncertainties and the traditionally challenging Q2FY26 underscores DET’s execution strength and resilience. On the EBIT front, DET delivered a Q2 EBIT margin of 12.2%, marking a 20bps sequential expansion. This was achieved despite the headwinds from the second tranche of wage hikes. We are pleased to report that our ongoing Cost Optimization program enabled us to fully offset these additional expenses, and the program is already producing tangible results. DET’s cash conversion remains exceptionally strong, with Free Cash Flow to PAT conversion for Q2 at 114%. We continue to maintain a sharp focus on cash generation as a key business priority. These results signal positive momentum as we look ahead to the coming quarters for a stronger H2FY26.”

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IT Consulting & Software company Cyient announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Cyient DET* Revenue at Rs 1472 crore, with QoQ de-growth of 0.5% and YoY de-growth of 1.2%.
  • Cyient DET* CC Revenue de-growth at 1.9% QoQ and de-growth at 3.4% YoY.
  • Cyient DET* EBIT of Rs 191 crore, with a margin of 13%.
  • Cyient DET* PAT at Rs 163 crore, with YoY de-growth of 6%.
  • Cyient DET* FCF at Rs 215 crore, FCF to PAT conversion 132%.

FY25 Financial Highlights:

  • Cyient DET* Revenue at Rs 5816 crore, YoY de-growth of 1.6%.
  • Cyient DET* CC Revenue de-growth at 3% YoY.
  • Cyient DET* EBIT of Rs 787 crore, with a margin of 13.5%.
  • Cyient DET* PAT at Rs 605 crore, with YoY de-growth of 12.2%.
  • Cyient DET* FCF at Rs 801 crore, FCF to PAT conversion 132%.
  • Final dividend of Rs 14 per share; Total dividend for FY25 at Rs 26 per share.

NOTE: *Cyient DET (Digital, Engineering, and Technology) segment

Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said: “For FY25, Cyient Group delivered USD 870 million in revenue at a YoY growth of 1.5% in constant currency, EBIT of 12%, decline of 258 bps YoY, PAT of Rs 622 crore de-growth of 15.4%, and FCF of Rs 688 crore at YoY growth of 6.2%.

I am also happy to share that we have launched our semiconductor subsidiary and as we shared with you on April 8, 2025 appointed Suman Narayan as the CEO of Cyient Semiconductors. Suman is a globally recognized professional in the semiconductor industry.

At a group level, we now have three well-balanced growth vectors for the future. Our recent carve-out, Cyient Semiconductors Private Limited, focuses on Technology Development and Disruption led by AI. The DET business focuses on Technology Services with Engineering competence as the core, and our DLM business focuses on Engineeringled Product manufacturing opportunities. With this, we are well-positioned to address a wide spectrum of growth opportunities in this emerging macro and geopolitical environment.

On the DET front, for FY25, DET business delivered revenue at USD 688 million, de-growth of 3% constant currency YoY. DET EBIT margin stood at 13.5%, declined by 261 bps YoY.

Order intake for DET for the full year stood at USD 836 million, down YoY by about 7%, part of the de-growth is attributed to evolving uncertainties through FY25 compared to the previous year. We won 24 large deals in DET business with a total contract potential of USD 370.8 million in FY25.

I would also like to extend a warm welcome to Sukamal Banerjee, who has joined us as Executive Director and Chief Executive Officer (CEO) of Cyient DET. As we continue to strengthen our core engineering offerings and build technology-led intelligent engineering solutions, Sukamal will provide a solid and stable foundation to lead Cyient DET through a transformative growth phase.

Given our balanced portfolio, we see many opportunities that we can capitalize on for the DET business. Our top customers have demonstrated strong growth this fiscal year despite the headwinds in demand. While there are some uncertainties in the near term, we are working very closely with our customers in navigating through the current challenges. We expect this to last at least through the first half of FY26. I am confident that with our market positioning, global presence, and the new leadership in place, we will emerge stronger to drive sustainable growth in the medium – long term.”

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IT Consulting & Software company Cyient announced Q3FY25 results

  • Cyient DET Revenue at Rs 1480 crore, with QoQ growth of 2.1% and YoY degrowth of 0.8%.
  • Cyient DET CC Revenue growth at 2.4% QoQ and degrowth of 1.9% YoY.
  • Cyient DET EBIT of Rs 200 crore, with a margin of 13.5%.
  • Cyient DET PAT at Rs 124 crore, with YoY degrowth of 28.3%.
  • Cyient DET Order Intake grew by 5% YoY.

Krishna Bodanapu, Executive Vice Chairman and Managing Director, said: “Cyient Group witnessed positive Q3FY25 results, with quarterly Group revenue at USD 228 million, growth of 4.5% YoY in constant currency.

Our Semiconductor business continues to witness excellent traction. We have expanded our partnership with Allegro Microsystems and established a Center of Excellence (CoE) at our Manikonda campus to develop next-generation magnetic sensors and power semiconductor products for the automotive industry. The CoE will be crucial in accelerating the development of power integrated circuit (IC) product portfolios, essential components in electric vehicles, advanced driver-assistance systems (ADAS), and other automotive applications. This development strengthens Cyient's position as a leading partner for companies seeking to develop and manufacture cutting-edge semiconductor products.

Further, we are delighted to announce that we have secured approval from our Board of Directors to explore additional capital raise options for our recently announced Semiconductor subsidiary. This aligns with our strategy for semiconductor business towards capital readiness and to drive accelerated growth in the near-medium term.

Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at USD 175.2 million, a growth of 2.4% QoQ and degrowth of 1.9% YoY in constant currency. This was driven by growth in Aerospace, Connectivity, and New Growth Areas. The EBIT margin for DET stood at 13.5%, a contraction of 72 bps QoQ, largely led by wage increases and currency headwinds.

Our order book has witnessed a strong uptick. Order Intake for Q3, at USD 312.3 million, is the highest ever for Cyient DET, with a QoQ growth of close to 100% and YoY growth of 5%. We have also won 13 large deals in DET business with a total contract potential of USD 234.5 million in Q3FY25. Our pipeline for the year has improved, with large deals contributing significantly to a strong pipeline, positioning us for sustainable growth in the medium term.

Karthikeyan Natarajan has decided to step down as Executive Director and Chief Executive Officer of Cyient Limited effective immediately. I have taken charge of the business's operations for the interim. We are grateful to Karthik for his contributions and commitment to the long-term success of the business, and we wish him the best in his future endeavors.”

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IT Consulting & Software company Cyient announced Q2FY25 results

  • Revenue at Rs 1,450 crore, with QoQ growth of 2.5% and YoY degrowth of 1.8%.
  • CC Revenue growth at 1.3% QoQ and degrowth at 3.3% YoY.
  • EBIT of Rs 206 crore, margin of 14.2%.
  • PAT at Rs 177 crore, with YoY growth of 2.3%

Krishna Bodanapu, Executive Vice Chairman and Managing Director, said: “Cyient Group witnessed positive Q2FY25 results, with quarterly Group Revenue at USD 220.7 million, growth of 2.6% YoY in constant currency.

At a strategic level, we are making strong and continued progress towards unlocking the potential of our Semiconductor business. The partial divestment of our stake in Cyient DLM gives us the flexibility to use the proceeds towards fulfilling our capital requirements across organic and inorganic initiatives in our recently launched Semiconductor business to drive accelerated growth.

We have reached an agreement to acquire 27.3% stake in Azimuth AI, a fabless custom ASIC company known for its expertise in Energy and Industrial applications with focus across global markets including India. This investment aligns strongly with our strategic growth objectives for the Semiconductor business.

In-line with building further on our expertise in Energy Business we have expanded in the Middle East market and have reached an agreement to acquire Abu Dhabi & Gulf Computer Est. (ADGCE), an Abu Dhabi-based technology consulting and digital services provider primarily catering to the Energy sector.”

Karthikeyan Natarajan, Executive Director and Chief Executive Officer, Cyient, said: “Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at USD 173 million, growth of 1.3% QoQ and degrowth of 3.3% YoY in constant currency. DET EBIT margin stood at 14.2%, expansion of 75 bps QoQ. This was driven by solid growth in Aerospace, Connectivity and New Growth Areas. We continue to progressively improve our performance in the subsequent quarters and deliver a strong H2FY25.

We are witnessing strong momentum in New Growth Areas. Our top 10 accounts have shown significant growth, underscoring the success of our focused strategy. Our strategic investments in AI solutions and platforms are helping us win new deals and also drive transformation for our customers.”

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IT Consulting & Software company Cyient announced Q1FY25 results:

  • Cyient DET Revenue at Rs 1,414 crores, with QoQ degrowth of 5% and YoY degrowth of 2.8%
  • Cyient DET CC Revenue degrowth at 5% QoQ and 3.6% YoY
  • Cyient DET EBIT of Rs 190 crores, margin of 13.5%
  • Cyient DET PAT at Rs 141 crores, with YoY degrowth of 17%

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, said, “Cyient Group witnessed soft Q1FY25 results, with Group quarterly revenue at USD 200.9 million, degrowth of 1.5% YoY in constant currency.

Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at USD 169.6 million, degrowth of 5.0% QoQ and degrowth of 3.6% YoY in constant currency. DET EBIT margin stood at 13.5%, declined by 260 bps YoY.

We expect DET revenue growth for FY25 to be flattish YoY in constant currency terms due to the Q1FY25 impact. Our top customer engagement as well as our FY24 exit order intake grew double-digit YoY. We won 5 large deals in DET with a total contract potential of USD 52.4 Mn in this quarter. With this, we are confident that we have taken steps to align the supply to the demand. We believe this will translate into improved revenue realization and drive a sharp recovery of growth through the coming quarters.

The announcement of Cyient’s Semiconductor subsidiary marks a significant step forward in our commitment to innovation and excellence across the global semiconductor landscape. Our dedicated approach to turnkey ASIC design and chip sales positions us well to capitalize on the opportunities within the global semiconductor. We also remain committed to strengthening our intelligent engineering solutions across key megatrends.”

Karthikeyan Natarajan, Executive Director and Chief Executive Officer, Cyient, said, “We secured five large deals this quarter across Connectivity, Aerospace and Sustainability. Our pipeline for the year remains strong, and we are committed to delivering Intelligent Engineering solutions for our customers. The new growth segments and Sustainability delivered growth YoY.

We had a challenging Q1, however we remain confident that with our balanced portfolio and investment in technology solutions, we will achieve growth in the mid-to-long term to deliver value to stakeholders. I extend my gratitude to all our associates for their dedication and to our customers for their continued trust in us.”

During the quarter, the company was honored with the Premier Award for performance in 2023 and overall excellence in Cost Competitiveness, Collaboration & Customer Service from its customer RTX, for the third consecutive year.

For the second year in a row, ISG recognized Cyient as a leader in Digital Engineering for Design and Development, Platform and Application Services, and Intelligent Operations for North America and EMEA.

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IT Consulting & Software company Cyient announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Cyient Revenue at Rs 1,489 crore, with QoQ de-growth of 0.1% and YoY growth of 2.8%
  • Cyient CC Revenue de-growth at 0.5% QoQ and growth of 1.8% YoY
  • Cyient EBIT of Rs 239 crore, with a margin of 16%
  • Cyient PAT at Rs 173 crore, with YoY growth of 9.1%
  • Cyient Order Intake grew by 7.1% YoY  

FY24 Financial Highlights:

  • Cyient Revenue is Rs 5,911 crore, a growth of 16% YoY
  • Cyient CC Revenue Growth at 12.6% YoY
  • Cyient normalized EBIT at Rs 955 crore, a growth of 36.8% YoY
  • Cyient normalized PAT at Rs 689 crore, with YoY growth of 31.6%
  • Total dividend for FY24 at Rs 30 per share 

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “This year has been a very exciting and a momentous one for the Cyient Group in terms of delivering a balanced performance around growth and profitability, executing key initiatives such as DLM divestiture and margin expansion, and building a balanced portfolio of offerings to drive sustainable future growth.

For the year FY24, Cyient Group delivered USD 863 Million in revenue at a YoY growth of 15.6% in cc, EBIT of 14.5% with 173 bps expansion YoY, PAT of Rs 735 Crore at YoY growth of 30%, and FCF of Rs 648 Crore at YoY growth of 32.6%.

Cyient’s Digital, Engineering and Technology (DET) delivered USD 179.3 Million at an EBIT of 16% for Q4 FY24. We closed 9 large deals with a total contract potential of ca. USD 200 Million this quarter, taking our order intake for the quarter to USD 228 Million.

For FY24, Cyient DET delivered USD 713.9 Million at 12.6% YoY revenue growth in cc, 16.1% EBIT with 246 bps expansion YoY. PAT for the year was Rs 689 Crore, up 31.6% YoY while FCF for the year was Rs 754 Crore, a significant growth of 71.4% YoY. The full year Order Intake of USD 902 Million translates to 15% growth YoY with contributions from our key large units such as Sustainability, Transport and Connectivity.

For FY25, our order book looks strong, and we will continue to focus and invest on strengthening our intelligent engineering and technology solutions across key industries and megatrends.

We are also confident that our presence in key industry verticals through our balanced portfolio will help us deliver balanced outcomes in the evolving market and geo-political uncertainties.”

Result PDF

IT Consulting & Software company Cyient announced Q3FY24 results:

Financial Performance:
- Cyient DET Revenue was reported at Rs 1,491 crore, marking a quarterly (QoQ) growth of 1% and a yearly (YoY) growth of 8.1%.
- The company's DET Consolidated Services and Engineering Parts Business observed a DET Normalized EBIT of Rs 239 crore, with a stated margin of 16%.
- Cyient DET Normalized PAT reached Rs 173 crore, indicating a YoY growth of 11.5%.
- DET CC Revenue Growth was at 1.1% QoQ and 5.4 % YoY.
- Order Intake for DET increased by 21.9% YoY.

Business Growth and Projections:
- Overall group revenue was USD 218.8 million, showing a 10.1% increase YoY in constant currency.
- DET business revenue touched USD 179.2 million, reflecting a steady growth of 1.1% QoQ and 5.4% YoY in constant currency.
- The company anticipates DET revenue growth to be within the range of 13-13.5% YoY in constant currency terms.

Operational Highlights and Strategic Initiatives:
- Aerospace and Sustainability business segments led the DET division with more than 20% YoY growth.
- Cyient won eight large DET deals with a total contract value of USD 136.8 million for the quarter.
- The CyientiflQ Experience Center was inaugurated at the Hyderabad Campus during the quarter.
- The Global Hackathon, CyientiflQ Innovation League, saw participation from over 5,500 innovators across 76 countries.

Recognition and Partnerships:
- Cyient received a Supplier Technology & Innovation Award and Productivity Savings and Cost Avoidance from Pratt & Whitney.
- The NASSCOM Spotlight Awards recognized Cyient for innovative contributions to sustainability.
- Analysts and advisors recognized Cyient as a leader in 17 different segments, highlighting awards in Aerospace, Sustainability, Communications, and more.

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “Cyient Group witnessed positive Q3FY24 results, with quarterly Group revenue at USD 218.8 million, growth of 10.1% YoY in constant currency.

Cyient’s Digital, Engineering, and Technology (DET) business delivered revenue of USD 179.2 million, a growth of 1.1% QoQ and 5.4% YoY in constant currency. The normalized DET EBIT margin stood at 16.0%, up 205 bps YoY.

Cyient DET's business focus remains on strengthening and building Intelligent Engineering and Technology solutions across key megatrends.

We expect DET revenue growth to be in the range of 13–13.5% YoY in constant currency terms, slightly lower than our earlier guided range. Margin trajectory remains robust."

Karthikeyan Natarajan, Executive Director and CEO, Cyient, said, “The robust growth of Cyient's DET business for this quarter was led by Aerospace and Sustainability business segments. We won eight large deals in DET with a total contract potential of USD 136.8 million in this quarter. The Cyient DET order intake stood at USD 297.3 million, up by 21.9% YoY. Our pipeline for the year looks robust. We continue to deliver Intelligent Engineering and Technology solutions for a digital, autonomous, and sustainable future for our customers. AI and Data will play a critical accelerator in this journey. I want to thank all our associates for their contributions in delivering yet another robust quarter and to our customers for their unwavering trust in us.”

 

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IT Consulting & Software company Cyient announced Q2FY24 results:

  • Revenue at Rs 1,476 crore, with QoQ growth of 1.5% and YoY growth of 22.3 %
  • CC Revenue Growth at 1% QoQ and 17.1% YoY
  • Normalized EBIT of Rs 244 crore, with a margin of 16.5%
  • Normalized PAT at Rs 172.8 crore, with QoQ growth of 1.5% and YoY growth of 70.8% (Reported PAT growth of 139.8% YoY)
  • Order Intake grew by 40% YoY

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, "Cyient Group witnessed positive Q2FY24 results, with quarterly Group revenue at USD 214.9 million, a growth of 22.3% YoY in constant currency.

Cyient’s DET business delivered revenue of USD 178.4 million, a growth of 17.1% YoY in constant currency driven by growth across Transportation, Sustainability, and Automotive businesses. The normalized DET EBIT margin stood at 16.5%, higher by 406 bps YoY. We won 5 large deals in DET with a total contract potential of USD 51.4 million in this quarter. We expect DET revenue growth to be in the range of 15 – 20% YoY in constant currency terms and to be at the lower end of this range. Margin trajectory remains robust.”

Karthik Natarajan, Executive Director and CEO, Cyient, stated, "Q2FY24 of Cyient’s DET business has seen a robust YoY Revenue growth of 22.3%, and a reported PAT growth of 139.8% YoY, fueled by distinctive progress in the Transportation, Sustainability, and Automotive segments. We continue to apply digital technologies like Robotics, AI, Cloud, and Data to help our customers build intelligent products and platforms. We have seen significant adoption of Autonomous systems across industries. Our industry-leading Sustainability solutions for Carbon Capture and Alternative Fuels are getting globally recognized. I want to thank all our associates for their valuable efforts and our customers for their trust toward our continued success."

 

Result PDF

IT Consulting & Software Company Cyient announced Q1FY24 results:

  • Cyient Digital, Engineering, and Technology (DET) Revenue at Rs 1,455 crore, with QoQ growth of 0.4% and YoY growth of 37.2%
  • Cyient DET CC Revenue growth at 0.3% QoQ and 30.6% YoY
  • Cyient DET Normalized EBIT at Rs 234 crore, with a margin of 16.1%
  • Cyient DET Normalized PAT at Rs 170 crore, with QoQ growth of 6 % and YoY growth of 56.3%
  • Cyient Group Revenue stands at Rs 1,687 crore with a YoY growth of 34.9%
  • Cyient Group Normalized EBIT at Rs 248 crore with a margin of 14.7%

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “Cyient witnessed positive Q1FY24 results, with quarterly group revenue at USD 205.3 million, growth of 28.6% YoY in constant currency. The normalized Group EBIT margins at 14.7% is higher by 322 bps YoY. We won 6 large deals in DET with a total contract potential of USD 48.8 million in this quarter. The order intake stood at USD 193.2 million, up 32.5% YoY. Our pipeline for the year looks robust. We continue to strengthen our technology offerings and remain focused on building solutions across key megatrends.”

Karthikeyan Natarajan, Executive Director and CEO, Cyient, said, “FY24 has kicked off to a great start with a YoY growth of 37.2% in Q1, primarily driven by wins in the Aerospace, Automotive, and Energy verticals. We also saw a steady increase in our profits, with a growth of 56.3% YoY, led by technology adoption across the operations. We continue to see our customers invest heavily in digital and technology solutions to run smarter operations, build intelligent products and platforms for autonomous systems, and enable sustainability goals through technology solutions.”

 

 

 

Result PDF

IT Consulting & Software company Cyient announced Q4FY23 results: 

  • Financial highlights for Q4FY23:
    • Group revenue at $213.0 million; growth of 39.1% cc YoY (35.9% in US$) and 6.6% cc QoQ (8.1% in US$).
    • Group revenue at Rs 17,514 million; growth of 48.3% YoY and 8.2% QoQ.
    • Consolidated services revenue at $176.2 million; growth of 38.4% cc YoY (35.0% in US$) and 3.2% cc QoQ (4.9% in US$). Core services revenue growth is 12.0% cc YoY and 2.6% cc QoQ.
    • Normalised group EBITDA margin at 18.4%; up by 118 bps QoQ and 30 bps YoY.
    • Normalised group EBIT margin at 14.2%; up by 136 bps QoQ and down by 21 bps YoY.
    • Normalised consolidated services EBIT margin at 15.1%; up by 117 bps QoQ and down by 27 bps YoY.
    • Normalised free cash flow generation for the quarter at Rs 2,614 million, a conversion of 81.8% on normalised EBITDA(conversion of 148.6% on normalised PAT)
    • Normalised PAT at Rs 1,760 mn for the quarter; growth of 14.1% YoY and 8.1% QoQ.
       
  • Financial highlights for FY23:
    • Group revenue at $746.3 million; growth of 26.9% cc YoY (22.7% in US$).
    • Group revenue at Rs 60,159 million; growth of 32.7% YoY.
    • Consolidated services revenue at $632.4 million; growth of 30.2% cc YoY (25.6% in US$).
    • Core services revenue growth is 12.1% cc YoY.
    • Normalised group EBITDA margin at 17.0%; down by 110 bps YoY.
    • Normalised group EBIT margin at 12.8%; down by 113bps YoY.
    • Normalised consolidated services EBIT margin at 13.7%; down by 160 bps YoY.
    • Normalised free cash flow generation for the year at Rs 5,467 million, a conversion of 50.8% on normalised EBITDA (conversion of 96.7% on normalised PAT).
    • Normalised PAT at Rs 5,651 million for the year; growth of 8.2% YoY.
    • Highest ever total dividend of Rs 26 per share.

Commenting on the results, Krishna Bodanapu, Executive Vice-Chairman and Managing Director, said “Cyient witnessed positive Q4FY23 results, with the highest quarterly group revenue at $213.0 million, growth of 6.6% QoQ, and 39.1% YoY in constant currency. The services revenue was $176.2 million, a growth of 3.2% QoQ and 38.4% YoY in constant currency, driven by growth across the transportation, mobility and sustainability BUs. The normalized group EBIT margins, at 14.2%, is higher by 136 bps QoQ and lower by 21 bps YoY due to the amortisation costs of acquisitions. The normalised group EBITDA margin, at 18.4%, is higher by 118 bps QoQ and 30 bps YoY.  

We continue to witness strong momentum across the business, driven by key wins, robust order intake, and a strong pipeline. We won 5 large deals in core services with a strong total contract potential of $185.1 million this quarter. We also witnessed significant growth across key accounts, with revenue from the top 30 accounts growing at 16.0% YoY in constant currency terms. We have a strong order intake at $212.7 million in Q4 FY23, which has contributed to the highest ever group order intake".

 

Result PDF

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