Cyient Ltd. reported its third-quarter financial results, revealing a net profit of ₹122.3 crores, which marks a 31.7% decline quarter-on-quarter (QoQ) from ₹179.1 crores. Revenue for the quarter increased by 4.2% to ₹1,926.4 crores, compared to ₹1,849.1 crores in the previous quarter. The company's Earnings Before Interest and Taxes (EBIT) also fell by 8.3% to ₹211.4 crores, resulting in an EBIT margin of 11%, down from 12.5% QoQ. In its digital, engineering, and technology (DET) segment, Cyient reported revenue of ₹1,480 crores, a 2.1% QoQ increase but a 0.8% decline year-on-year (YoY), with an EBIT of ₹200 crores and a margin of 13.5%. Following the announcement of these results, Cyient's shares experienced a significant drop of approximately 20%, hitting a 52-week low, attributed to lower guidance for fiscal year 2025 and the recent exit of the CEO.