Cyient Limited — Investor Meet, 05-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Cyient Ltd. provided key updates in its recent earnings conference call for Q2 FY25. The company partially divested its stake in Cyient DLM, raising approximately INR 875 crore, to fund capital requirements and reduce debt. Cyient is advancing its semiconductor business, establishing a subsidiary and acquiring a stake in Azimuth AI. Expansion in energy services includes acquiring an Abu Dhabi-based technology provider. Q2 revenues were INR 1,849 crores, with a PAT growth of 24.5% QoQ, and an interim dividend of INR 12 was announced.