Mon Jan 27 04:30:00 UTC 2025: ## Cyient Stock Plunges 20% After CEO Resignation and Disappointing Q3 Results
**Mumbai, India** – Shares of Cyient plummeted to a 52-week low, falling as much as 20% on the Bombay Stock Exchange (BSE) following the release of disappointing Q3FY25 results and the unexpected resignation of CEO Karthikeyan Natarajan. The stock closed down 18.54% at Rs 1,427.90.
Natarajan’s resignation, announced in an exchange filing, cited a desire to pursue new opportunities. While he expressed pride in Cyient’s achievements under his five-year tenure, the move sparked immediate concern among investors and brokerages, with HDFC Institutional Equities calling it a “negative surprise.”
Adding to the negative sentiment, Cyient reported a significant decline in profitability. Net profit dropped 16.92% year-on-year (YoY) and a sharper 31.71% quarter-on-quarter (QoQ). Although revenue from operations saw a marginal 4.2% YoY increase to Rs 1,926.4 crore, operating income showed a decline of 8.37% QoQ, despite a slight YoY rise. Earnings per share (EPS) fell by 34.29% YoY to Rs 11.02.
The combination of the CEO’s departure and the weaker-than-expected financial performance led to a significant sell-off, highlighting investor anxieties about the company’s future prospects.
First Piper 