Net profit of Cyient DLM rose 5.46% to Rs 15.45 crore in the quarter ended September 2024 as against Rs 14.65 crore during the previous quarter ended September 2023. Sales rose 33.45% to Rs 389.45 crore in the quarter ended September 2024 as against Rs 291.84 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales389.45291.84 33 OPM %8.128.07 - PBDT27.7625.24 10 PBT20.8919.76 6 NP15.4514.65 5 Powered by Capital Market - Live News

The Board of Cyient DLM at its meeting held on 03 October 2024 has approved the acquisition of 100 % stake in Altek Electronics Inc. through its wholly owned subsidiary Cyient DLM Inc.Altek Electronics is an electronic manufacturing services provider in the United States. Serving various industries, including but not limited to medical, industrial, telecommunications, and defense contractors, Altek is involved in the entire product life cycle�from prototype to end-of-life services, specializing in PCBA assembly, and upper-level assembly.The purchase price for the transaction will be paid on an Enterprise Value basis; on a Debt Free, Cash free basis and will be equal to an upfront payment of $ 23.4 Mn and an Earnout of a maximum of $ 5.8 Mn based on performance. Powered by Capital Market - Live News

Cyient DLM will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live News

Cyient DLM has appointed Mujeeb Rahiman has been appointed as Vice President and Head of Operations - India, w.e.f 26 August 2024.Powered by Capital Market - Live News

Net profit of Cyient DLM rose 97.76% to Rs 10.60 crore in the quarter ended June 2024 as against Rs 5.36 crore during the previous quarter ended June 2023. Sales rose 18.76% to Rs 257.89 crore in the quarter ended June 2024 as against Rs 217.15 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales257.89217.15 19 OPM %7.759.21 - PBDT20.8511.82 76 PBT14.166.99 103 NP10.605.36 98 Powered by Capital Market - Live News