Company Disclosure

Financial Performance Highlights

  • Revenue: ₹393.1 crores for Q2 FY27, representing 26.5% year-over-year growth
  • EBITDA: ₹34.2 crore for Q2 FY27, with 9.5% YoY growth
  • EBITDA Margin: 8.7% for the quarter
  • Normalized PAT: ₹15.82 crore, showing 25.8% YoY increase
  • Normalized PAT Margin: 4.0%
  • Reported PAT: ₹34.0 crore, including one-off gain of ₹18.2 crore from earnout reversal
  • Free Cash Flow: ₹17.2 crore for Q2 FY27, reflecting improved cash generation

Order Book and Business Metrics

  • Order Book: Reached all-time high of ₹2,813.7 crores
  • Quarterly Order Book Increase: ₹214.8 crores QoQ growth
  • Book-to-Bill Ratio: 1.6 for the quarter
  • Order Intake Growth: 11% QoQ and 15.4% YoY increase
  • New Customer Acquisition: Added three new customer logos across core businesses and new growth areas

Business Segment Performance

Strong performance across key business segments led by:

  • Aerospace and Industrial segments
  • Defence and Medical segments also contributed to growth

Strategic Developments and Investments

  • Completed integration of Altek Electronics acquisition in Connecticut, U.S.
  • Acquired entity renamed to Cyient DLM Electronics Inc
  • Investment in strengthening sales, strategy, and Build to Specifications (B2S) capabilities
  • Focus on expanding participation across product lifecycle

Growth Opportunities Identified

Company identified opportunities in newer areas including:

  • AI infrastructure
  • Data centre technologies
  • Robotics
  • Semiconductor capital equipment

Management Commentary

Rajendra Velagapudi, Managing Director and CEO, commented:

  • Maintained strong growth momentum in Q2 FY27
  • Solid execution across key business segments
  • Record-high order book provides strong revenue visibility and confidence in growth outlook
  • Focus on strengthening core business while investing in high-growth areas
  • Targeting sustainable long-term growth through expansion in identified growth areas

Outlook

  • Positive outlook for the year supported by record order book
  • Continued demand across key end markets
  • Focus on executing existing order book and maintaining operating discipline
  • Selective investment in capabilities and new growth areas
  • Long-term strategy to deepen relationships with existing customers, add new customers, and broaden participation across product lifecycle and targeted high-growth markets