Board Meeting Details

The Board of Directors meeting was held on Thursday, October 15, 2026, commencing at 02:00 PM and concluding at 04:10 PM IST.

Key Decisions Approved

1. Financial Results Approval

The Board approved the Un-audited financial results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026.

2. Management Appointment

The Board approved the appointment of Mr. Sandip Mishra as the Senior VP & Chief Human Resources Officer and Senior Managerial Personnel of the company effective October 15, 2026.

3. Equity Incentive Grants

The Board approved the grant of:

  • 10,000 Stock Units under Cyient DLM RSU Scheme, 2023
  • 2,63,400 options under Cyient DLM ASOP Scheme 2023

to associates of the Company.

Financial Performance Highlights

Consolidated Results (₹ in Millions)

Quarter Ended September 30, 2026:
  • Revenue from operations: ₹3,930.90 (vs ₹3,106.34 in Q2 FY26, +26.5% YoY)
  • Other income: ₹226.15 (vs ₹226.61 in Q2 FY26)
  • Total income: ₹4,157.05 (vs ₹3,332.95 in Q2 FY26)
  • Profit before tax: ₹393.13 (vs ₹364.77 in Q2 FY26, +7.8% YoY)
  • Net profit: ₹340.14 (vs ₹321.45 in Q2 FY26, +5.8% YoY)
  • Basic EPS: ₹4.28 (vs ₹4.05 in Q2 FY26)
  • Diluted EPS: ₹4.28 (vs ₹4.05 in Q2 FY26)
Half Year Ended September 30, 2026:
  • Revenue from operations: ₹7,668.90 (vs ₹5,890.61 in H1 FY26, +30.2% YoY)
  • Other income: ₹228.80 (vs ₹268.37 in H1 FY26)
  • Total income: ₹7,897.70 (vs ₹6,158.98 in H1 FY26)
  • Profit before tax: ₹615.23 (vs ₹465.78 in H1 FY26, +32.1% YoY)
  • Net profit: ₹502.99 (vs ₹396.08 in H1 FY26, +27.0% YoY)
  • Basic EPS: ₹6.34 (vs ₹4.99 in H1 FY26)
  • Diluted EPS: ₹6.33 (vs ₹4.99 in H1 FY26)

Standalone Results (₹ in Millions)

Quarter Ended September 30, 2026:
  • Revenue from operations: ₹2,947.92 (vs ₹2,356.44 in Q2 FY26, +25.1% YoY)
  • Other income: ₹46.57 (vs ₹30.63 in Q2 FY26)
  • Total income: ₹2,994.49 (vs ₹2,387.07 in Q2 FY26)
  • Profit before tax: ₹261.59 (vs ₹182.60 in Q2 FY26, +43.3% YoY)
  • Net profit: ₹193.79 (vs ₹135.35 in Q2 FY26, +43.2% YoY)
  • Basic EPS: ₹2.44 (vs ₹1.71 in Q2 FY26)
  • Diluted EPS: ₹2.44 (vs ₹1.70 in Q2 FY26)
Half Year Ended September 30, 2026:
  • Revenue from operations: ₹5,776.79 (vs ₹4,419.74 in H1 FY26, +30.7% YoY)
  • Other income: ₹49.75 (vs ₹73.21 in H1 FY26)
  • Total income: ₹5,826.54 (vs ₹4,492.95 in H1 FY26)
  • Profit before tax: ₹484.52 (vs ₹335.10 in H1 FY26, +44.6% YoY)
  • Net profit: ₹360.78 (vs ₹248.07 in H1 FY26, +45.4% YoY)
  • Basic EPS: ₹4.54 (vs ₹3.13 in H1 FY26)
  • Diluted EPS: ₹4.54 (vs ₹3.12 in H1 FY26)

Balance Sheet Highlights (as at September 30, 2026)

Consolidated (₹ in Millions):

  • Total assets: ₹17,484.28 (vs ₹16,421.86 as at March 31, 2026)
  • Property, plant and equipment: ₹1,768.65
  • Inventories: ₹7,010.37
  • Trade receivables: ₹3,059.24
  • Cash and cash equivalents: ₹827.07
  • Total equity: ₹10,682.00
  • Borrowings (non-current + current): ₹1,319.60

Standalone (₹ in Millions):

  • Total assets: ₹15,355.08 (vs ₹14,403.20 as at March 31, 2026)
  • Property, plant and equipment: ₹1,528.99
  • Inventories: ₹5,849.13
  • Trade receivables: ₹2,558.35
  • Cash and cash equivalents: ₹757.17
  • Total equity: ₹10,274.82
  • Borrowings (current): ₹287.91

Cash Flow Analysis (Half Year Ended September 30, 2026)

Consolidated (₹ in Millions):

  • Net cash from operating activities: ₹147.51
  • Net cash used in investing activities: ₹(177.36)
  • Net cash from financing activities: ₹63.68
  • Net increase in cash: ₹33.83

Standalone (₹ in Millions):

  • Net cash from operating activities: ₹25.31
  • Net cash used in investing activities: ₹(175.95)
  • Net cash from financing activities: ₹164.75
  • Net increase in cash: ₹14.11

Key Financial Notes

1. Segment Information: The Company is engaged in Electronic Manufacturing Services as its only reportable segment.

2. Other Income Components:

  • Net foreign exchange gain/(loss) for Q2 FY27: ₹19.01 million (consolidated), ₹18.89 million (standalone)
  • Gain on fair valuation of earnout liability: ₹181.95 million in consolidated results for quarter and half year ended September 30, 2026

3. Fair Valuation Changes: Other comprehensive income includes fair valuation changes on financial instruments representing a decline in value of investment in an IP communications company due to long lead time in orders. Management expects value improvement as products launch over next few years.

4. Equity Share Capital: ₹793.83 million as at September 30, 2026 (face value of ₹10 per share)

Management Appointment Details

Mr. Sandip Mishra appointed as Senior VP & Chief Human Resources Officer:

  • Date of appointment: October 15, 2026
  • Term: As per employment contract
  • Experience: Over 29 years of global leadership experience in HR across technology, services, pharmaceutical, and healthcare sectors
  • Previous role: Group HR Head and CHRO at Prodapt Group
  • Education: PGDM in HR and Marketing from Goa Institute of Management, Bachelor of Engineering in Mechanical Engineering from Birla Institute of Technology, Mesra
  • No relationships between directors to disclose

Auditor Review

S.R. Batliboi & Associates LLP (ICAI Firm Registration Number: 101049W/E300004) conducted limited review and issued unmodified reports on both standalone and consolidated financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.

Consolidated Entities Included

  • Holding Company: Cyient DLM Limited
  • Subsidiaries: Cyient DLM Inc. (USA), Cyient DLM Electronics Inc. (formerly Altek Electronics Inc., USA)