CYIENT

reported a nearly 40 per cent fall in profit, as a higher wage bill in a seasonally tough quarter weighed on the engineering research and development firm. Consolidated net profit came in at 1.28 billion rupees ($14 million), down from 1.79 billion rupees last year. Revenue remained largely flat, down 1 per cent to 18.31 billion rupees, from 18.49 billion rupees a year ago.