New Delhi: IT firm Cyient on Thursday reported a 10 per cent decline in consolidated net profit at Rs 81.4 crore for June 2020 quarter.
The Hyderabad-based company had posted a net profit of Rs 90.5 crore in the year-ago period, it said in a regulatory filing.
Its revenue decreased 8.9 per cent to Rs 991.7 crore for the period under review as against Rs 1,089 crore in the first quarter of 2019-20.
"Q1 FY21 results were better than our expectations, where we recorded a revenue of USD 130.6 million which was lower by 11.6 per cent quarter-on-quarter and 15.1 per cent year-on-year in constant currency," Cyient Managing Director and CEO Krishna Bodanapu said.
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