Latest news with #CyientDLM
United News of India
15-05-2025
- Business
- United News of India
Ajay Kumar Steps Down as Independent Director from Cyient DLM Board
Hyderabad, May 15 (UN I) Hyderabad-based Cyient DLM, an integrated partner for design-led manufacturing, on Thursday announced that Dr. Ajay Kumar has stepped down from the position of Independent Director on the Board of Directors of the Company. Dr. Kumar's resignation follows his recent appointment as Chairman of the Union Public Service Commission (UPSC), a prestigious position bestowed by the President of India, the company said in a release here. Dr. Kumar also relinquishes his responsibilities as a member of the Nomination and Remuneration Committee and the Stakeholder Relationship Committee of the Board with immediate effect. Dr. Kumar joined the Cyient DLM Board with a wealth of experience and exceptional insight, particularly in defence, strategic planning and governance. During his tenure, he made invaluable contributions to the company's long-term vision and operational excellence. Commenting on the development, Krishna Bodanapu, Chairman, Cyient DLM, said, 'We are grateful to Dr. Ajay Kumar for his outstanding service as an Independent Director on our Board. His invaluable counsel and deep expertise will continue to inspire and guide us. His contributions have left a lasting impact. On behalf of the entire Board and the company, I extend our heartfelt thanks and best wishes as he embarks on his journey as Chairman of the UPSC.' UNI KNR BD
Economic Times
12-05-2025
- Business
- Economic Times
Stocks in news: Tata Steel, Swiggy, Dr Reddy's, Cyient DLM, Thermax, Adani Power
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Following a period of consolidation, Indian equity benchmarks experienced a sharp correction last week. In today's trade, shares of Tata Steel Dr Reddy's Cyient DLM, Thermax Adani Power among others will be in focus due to various news developments and fourth quarter results of Tata Steel , UPL and SRF will be in focus as the companies will announce their fourth quarter results today. Dr Reddy's Laboratories reported a consolidated net profit growth of 22% to Rs 1,594 crore in Q4FY25 versus Rs 1,307 crore reported in the year ago delivery company Swiggy has reported nearly doubling of its losses in the fourth quarter to Rs 1081 crore, compared with Rs 554 crore in the same quarter of last with challenges on deposit growth, state-owned Canara Bank asked each of its 82,000-strong staff to go out to garner funds, and mobilised Rs 16,700 crore in ten domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has Power said it has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a levelised tariff of Rs 5.383 per unit, emerging as the lowest bidder in a competitive tender Lifestyle said Sameer Shah resigned as the Chief Financial Officer of the company due to personal reasons with effect from July and environment solutions provider Thermax reported an 8.1% YoY increase in its fourth quarter net profit at Rs 206 crore, up from Rs 190.33 crore in DLM said Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company with effect from May 8.
Business Upturn
09-05-2025
- Business
- Business Upturn
Cyient DLM CEO Anthony Montalbano resigns; Rajendra Velagapudi to oversee operations
By News Desk Published on May 9, 2025, 16:18 IST Cyient DLM Limited on Thursday announced that Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company, effective May 8, 2025, due to personal reasons. The resignation was formally noted by the company's Board of Directors. In the interim, Rajendra Velagapudi, the Managing Director of Cyient DLM, will take over the responsibility for the company's overall operations with immediate effect. A structured transition process has been put in place to ensure business continuity, with Mr. Montalbano assisting in the handover during the coming days. In his resignation letter, Mr. Montalbano said, 'It has been a privilege being the CEO of the company for the past two and a half years. I express my sincere gratitude to the Board, employees, and stakeholders for their support and cooperation during my tenure. I confirm that there is no other material reason for my resignation.' The company confirmed that the disclosure complies with the regulatory requirements under Regulation 30 of SEBI (LODR) Regulations, 2015, and the SEBI and stock exchange circulars dated July 2023. The change in leadership was effective as of 6:25 AM IST on May 9, 2025. Cyient DLM stated that the development has been communicated to stock exchanges and the information is also available on its official website. News desk at
Business Standard
23-04-2025
- Business
- Business Standard
Cyient DLM jumps after Q4 PAT climbs 36% YoY to Rs 31 cr
Cyient DLM rallied 4.07% to Rs 501.45 after the company's consolidated net profit surged 36.49% to Rs 31.04 crore in Q4 FY25 as compared to Rs 22.74 crore in Q4 FY24. Revenue from operations jumped 18.30% YoY to Rs 428.06 crore in the quarter ended 31 March 2025. Profit before tax stood at Rs 41.67 crore in the March quarter, up 35.73% from Rs 30.70 crore recorded in the same period a year ago. During the quarter, EBITDA stood at Rs 57.4 crore, registering growth of 51.05% as compared with Rs 38 crore in Q4 FY24. EBITDA margin improved 290 bps to 13.4% in Q4 FY25 as against 10.5% recorded in the corresponding quarter last year. The order book stood at Rs 1,906.1 crore as of 31st March 2025, as compared with Rs 2,170.5 crore as of 31st March 2024 and Rs 2,142.9 crore as of 31st December 2024. On a full-year basis, the companys consolidated net profit increased by 11.24% to Rs 68.08 crore, while revenue surged by 27.49% to Rs 1,519.63 crore in FY25 compared to FY24. Cyient DLM, a subsidiary of Cyient, is one of the leading integrated electronic manufacturing services (EMS) and solutions providers with capabilities across the value chain and the entire life cycle of a product.
Time of India
23-04-2025
- Business
- Time of India
US softening on China tariffs brings little relief from trade uncertainty: Garima Kapoor
Even as U.S. President Donald Trump signalled a softening stance on tariffs imposed on Chinese imports, global trade may continue to operate under heightened uncertainty, according to Garima Kapoor of Elara Capital. In an interaction with ET Now, Kapoor reflected on the recent remarks by President Trump, who suggested that while tariffs on China may come down, they are 'not going to zero as of now', leaving room for partial relief but continued friction between the world's two largest economies. She emphasised that the evolving trade relationship between the two economic superpowers is setting the stage for a "new normal" in global commerce. Kapoor noted that much will depend on the nature of discussions and consultations between the two countries. However, she pointed out that the days of extremely low U.S. tariffs could be over. 'Fair to assume that US' average tariff, which used to be about 2–2.5%... is unlikely to stay there,' she said, adding that the 'average tariff is expected to come up, maybe in the handle of about 10 odd per cent'. Also read: Cyient DLM shares skyrocket 12% after reporting 36% YoY jump in Q4 PAT Beyond trade, Kapoor also emphasised that tensions between the U.S. and China span broader issues, including technology, patents, and national security. 'So, in the near term, we are likely to probably address greater issues of uncertainty rather than issues relating to tariff-related hikes,' she said. These concerns underline the growing consensus that global supply chains and economic strategies may need to adapt to a structurally altered trade environment, irrespective of short-term adjustments in tariff policies.
