| Margins | EBIT margin up 79 bps QoQ normalized due to cost optimization. |
|---|---|
| Order book | Highest ever order book in DLM; book-to-bill ratio > 1.5. |
| Demand visibility | Strong pipeline in semiconductors; connectivity deals ramping up in Q2. |
| Management confidence | Confident in long-term strategy despite short-term revenue ramp-up delays. |
Growth
DET revenue up 10.6% YoY; organic semiconductor grew 5% QoQ. Consolidated revenue $219M, up 9.1% YoY CC.
Outlook
EBIT margin target of 15% deferred beyond Q4 FY27; acquisitions like TAO Digital ($40-50M revenue) to integrate soon.
Risks
Energy segment saw -8.2% QoQ contraction; geopolitical uncertainty and West Asia war causing discretionary spend delays.
Last quarter's promises, checked
Delivered
- Guided double-digit DLM profitability → delivered 10.3% (= BEAT)
- Guided sequential semiconductor growth → delivered 5% QoQ (= BEAT)
- Guided 40-50% dividend payout → delivered INR16 interim as final (= BEAT)
Partly delivered
- Guided Strategic Units recovery → delivered -8.2% QoQ contraction (= MISS)
Missed
- Guided 15% EBIT margin by Q4 FY27 → deferred beyond target date (= MISS)
- Guided mid-to-high single digit organic growth → delivered flat CC growth (= MISS)
Investor Presentation filed with BSE, 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
All →Cyient Management Change
Cyient announced Independent Director Nitin Prasad's three-year tenure completed on 21 September 2026. He also ceased from the Nominations and Remuneration Committee.
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Cyient Annual General Meeting
Cyient Ltd has issued a Postal Ballot notice seeking shareholder approval for the appointment of Mr. Murali Yadama as a Non-Executive Independent Director.
Cyient Capital Structure Change
Bandhan Mutual Fund acquired 36,186 Cyient Limited equity shares in the open market on 3 Sep 2026. Its stake rose to 5.0265% of paid-up capital, triggering a SAST Reg 29(1) non-promoter disclosure.
Cyient Acquisition
Cyient Limited has successfully completed the 100% stake acquisition of Tao Digital Solutions Inc., following its initial announcement regarding the deal on 30 May 2026.
Cyient Merger & Restructuring
Cyient Limited announced the dissolution of its UK-based step-down subsidiary, Blom Aerofilms Ltd, effective September 1, 2026. This closure has no material impact on the company.