Cyient DLM shares hit 52-week low, logging intraday loss of 13%. Do you own?

Cyient DLM share price plunged over 13% to hit a 52-week low on Wednesday after the company reported weak Q3 results. Cyient DLM shares plunged as much as 13.5% to touch a 52-week low of ₹ 516.00 apiece on the BSE. Cyient DLM, the demerged entity of Cyient Ltd, reported a consolidated net profit of ₹ 10.99 crore in the third quarter of FY25, a decline of 40.4% from ₹ 18.44 crore in the same quarter last year. The company’s revenue from operations in Q3FY25 increased 38.37% to ₹ 444.23 crore from ₹ 321 crore, year-on-year (YoY). However, at the operational level, the company EBITDA fell 4%, while margin narrowed to 6.3% from 9.2% YoY, due to higher employee costs and other expenses. (To be updated)