Shares of Cyient Ltd rallied to a day high of Rs 1,268 on 23 October after a 25% rise in Q2 revenue and a Rs 12 per share interim dividend.

That peak was nearly 11% above Thursday’s close of Rs 1,143.70. Buyers came in after Cyient posted its July to September results on 22 October.

Revenue for the quarter came in at Rs 2,235 crore. That is about 25% higher than a year ago and roughly 8% above the April to June quarter.

Profit tells a mixed story. Net profit was Rs 121.4 crore, nearly 5% below the Rs 127.5 crore earned a year earlier. It did, however, climb from Rs 104 crore in the previous quarter.

The company said higher sales volumes helped cover costlier wafers, the base material for chips, along with extra spending on research and hiring, while management described the core business as self-funding.

Research is where most of the new money is going. The board also declared an interim dividend of Rs 12 per share on shares with a face value of Rs 5. Shareholders on record as of 28 October will be paid by 17 November.

The engineering and technology unit, the company’s biggest business, booked revenue of Rs 1,664 crore, up 15.7%. Semiconductor revenue rose sharply to Rs 185 crore.

Cyient DLM, the electronics manufacturing arm, also reported growth. Its revenue climbed over 26% to Rs 393 crore and its order book hit a record. Orders are arriving at more than 1.6 times the pace of sales.

Managing Director Krishna Bodanapu said defence, semiconductors and AI offer the biggest openings for growth, and the group is going after all three together.

At 10:01 am, it’s trading at Rs 1,248.80 on the NSE, up Rs 105.10 or 9.19% from the previous close. That sits about Rs 19 under the day high. The stock has gained 16.47% over the past month.

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