Cyient Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, reported revenue from operations of INR 9,833 million compared to INR 9,171 million a year ago. Profit before exceptional item and tax was INR 1,172 million compared to INR 1,254 million a year ago. Profit before tax was INR 1,122 million compared to INR 1,254 million a year ago. Net profit was INR 871 million or INR 7.77 per diluted share compared to INR 933 million or INR 8.36 per diluted share a year ago. Free cash flow generated at 67% of EBITDA, at INR 1,136 million.

For the nine months, on consolidated basis, reported revenue from operations of INR 28,557 million compared to INR 26,656 million a year ago. Profit before exceptional item and tax was INR 3,914 million compared to INR 3,450 million a year ago. Profit before tax was INR 3,864 million compared to INR 3,450 million a year ago. Net profit was INR 2,819 million or INR 25.38 per diluted share compared to INR 2,625 million or INR 23.56 per diluted share a year ago.

For the quarter, on standalone basis, reported revenue from operations of INR 3,775 million compared to INR 3,298 million a year ago. Profit before exceptional item and tax was INR 1,742 million compared to INR 933 million a year ago. Profit before tax was INR 1,845 million compared to INR 933 million a year ago. Net profit was INR 1,439 million or INR 12.73 per diluted share compared to INR 722 million or INR 6.41 per diluted share a year ago.

For the nine months, on standalone basis, reported revenue from operations of INR 10,614 million compared to INR 9,635 million a year ago. Profit before exceptional item and tax was INR 3,848 million compared to INR 2,193 million a year ago. Profit before tax was INR 3,951 million compared to INR 2,193 million a year ago. Net profit was INR 3,020 million or INR 26.71 per diluted share compared to INR 1,770 million or INR 15.72 per diluted share a year ago.

For the year 2018, the company expects a double digit growth in the services business while DLM business is expected to grow around 20%. Margin will improve by 50 bps driven by improvement in operational efficiency through the year. The company also expects to deliver double digit earnings growth in the year.