| Revenue growth | 10.6% YoY growth in INR terms; -0.5% QoQ constant currency. |
|---|---|
| Margins | Normalized DET EBIT margin up 79 bps QoQ to 13.2%. |
| Order book | Record order book for Cyient DLM with 1.5+ book-to-bill ratio. |
| Demand visibility | Strong in transportation and connectivity; cautious in energy and discretionary projects. |
| Management confidence | Balanced but cautious regarding discretionary spending and revenue ramp-up timelines. |
Growth
Revenue grew 10.6% YoY in INR terms but declined 0.5% QoQ in constant currency.
Outlook
EBIT margin goal of 15% delayed from Q4 FY27 to H1 FY28 due to slower revenue ramp-up.
Risks
Energy segment contraction and geopolitical disruptions in West Asia causing discretionary spending delays.
Last quarter's promises, checked
Delivered
- Guided 40-50% dividend payout → delivered 16 INR final dividend (= BEAT)
- Guided double-digit DLM profitability → delivered 10.3% (= BEAT)
- Guided semiconductor revenue growth → delivered $7.2M (5% sequential growth) (= BEAT)
Partly delivered
- Guided mid-to-high single-digit organic growth → delivered -0.5% QoQ CC (= PARTIAL)
Missed
- Guided 15% EBIT margin by Q4 FY27 → delayed to H1 FY28 (= MISS)
Earnings Call Transcript filed with NSE, NSE: CYIENT. Summary written with AI assistance from the document.
Cyient Ltd: key numbers
- Share price
- ₹1,094.70
- Market cap
- ₹12,164 Cr
- Revenue (annual)
- ₹7,268 Cr
- Net profit (annual)
- ₹427.9 Cr
- P/E (TTM)
- 32.2×Sector 22.1×
- Promoter holding
- 24.70%+1.42% QoQ
- FII holding
- 14.53%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Cyient Ltd
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