New Delhi, April 23 -- Shares of Cyient DLM, the design-led manufacturing arm of Cyient, surged 12.3% in Wednesday's early morning trade, April 23, hitting an 11-week high of Rs.540 apiece after the company reported its best quarterly performance since its listing in July 2023.

The company posted a consolidated net profit of Rs.31 crore in Q4FY24, a 36.5% jump as compared to a net profit of Rs.22.7 crore in the same period last year, while revenue from operations rose 18.3% to Rs.428 crore, compared to Rs.361.8 crore a year ago, driven by strong demand in the aerospace segment.

On the operating front, the company reported an EBITDA of Rs.57.3 crore, compared to Rs.38 crore in Q4FY23, with the EBITDA margin expanding to 13.4% from 10.5%,...