Cyient Limited – Investor Presentation Summary

Key Operational Highlights

  • Reported highest-ever order book with Book to Bill Ratio of 1.5X
  • Won 5 large deals in Q1 FY27 in DET business
  • Sustained double-digit EBITDA margins for four consecutive quarters
  • Launched India's first GaN Power IC family of 7 products
  • Key drivers: Successful Kinetic integration, strong customer engagement, engineering excellence

Segment-wise Performance

Cyient DET Business Units Performance (US$ Mn):

  • Transportation & Mobility: $72.7M | 0% QoQ | 8% YoY growth in cc terms
  • Networks & Infrastructure: $53.1M | 0% QoQ | 2% YoY growth in cc terms
  • Strategic Units: $36.1M | -8% QoQ | -26% YoY in cc terms

Cyient Semiconductors Performance (US$ Mn):

  • Q1FY27 Revenue: $17.9M (includes Kinetic: $10.4M)
  • Q1FY27 EBIT: -16.7% (Kinetic: -17.7%)
  • Q1FY27 PAT: -$362M (-21.0% margin)

Financial Highlights

Revenue: ₹19,099 crore (Group) | $219M (Group)

EBITDA: Not explicitly stated for Group

PAT: ₹1,041 crore (Reported) | ₹1,141 crore (Normalised)

EPS: ₹9.37 (Reported diluted) | ₹10.27 (Normalised diluted)

Margins: Normalised EBIT margin 9.7% | +19 bps YoY

YoY comparison: Revenue +9.1% cc YoY | +21.3% ₹ YoY

Drivers: Diversified revenue mix, operational excellence, disciplined cost management

Comparison to market estimates: Not specified

Key Risks: Not explicitly disclosed

Geographical Revenue Split (DET only)

  • Americas: 52.6% of revenue
  • Europe, Africa, Middle East: 24.8% of revenue
  • Asia Pacific (including India): 22.5% of revenue

Revenue by Currency (DET only)

  • USD: 54.0% | EURO: 15.5% | GBP: 5.2% | AUD: 1.1% | Others: 14.2%

Balance Sheet Snapshot

Net Cash: ₹16,437 crore (DET only)

Gross Cash Position: ₹2,076 crore (Group)

Total Debt: ₹116 crore (DET short-term borrowings)

Reserves: Not explicitly stated

Current Assets/Liabilities: Current assets ₹49,517 crore | Current liabilities ₹16,245 crore (Group)

Financial Health Insights: Strong cash position with ₹16,553 crore cash & equivalents (DET)

Capex & Cash Flow Health

Capital Expenditure: -₹250 crore (DET)

Free Cash Flow: ₹114 crore (DET) | ₹1,137 crore (DET normalised)

Operating Cash Flow: ₹1,601 crore after WC changes (DET)

Net Debt Movement: Net cash position improved to ₹16,437 crore from ₹14,838 crore QoQ (DET)

Investment Rationale: Growth investments, scale capabilities in power semiconductors

Strategic & R&D Initiatives

  • Completed Kinetic Technologies integration in first full quarter
  • Secured $30M growth capital from EAAA India Alternatives Ltd at $500M valuation
  • Launched 7 GaN power ICs leveraging Navitas Technology
  • Investing in AI capabilities to drive domain-led growth
  • Signed agreement to acquire TAO Digital Solutions
  • Expected impact: Address growing demand for high-efficiency solutions across AI data centers, telecom, industrial power systems, and e-mobility

Industry Trends & Business Environment

Macro/Industry Trends: Growing demand for high-efficiency, high-power-density solutions

Impact on Company: Expanding pipeline in semiconductor business, strong order momentum

Management Commentary & Growth Outlook

Krishna Bodanapu: "Q1 FY27 marks a strong start to the year... reinforcing the underlying strength of our business and the tangible results of the investments we have made"

Sukamal Banerjee: "Q1 FY27 was a quarter of satisfactory growth over broad segments of the business... EBIT rose to 13.2%, up 79 basis points over the last quarter"

FY Guidance: Not explicitly provided

Market Share Targets: Not specified

Risks and Opportunities: Not explicitly highlighted

Additional Metrics

Employees (DET): Total headcount 14,175 | Technical pool 13,151 | Voluntary Attrition 14.4% LTM

Client Concentration: Top 5 clients 35.1% | Top 10 clients 48.2% of revenue

Million $ Clients: 20Mn+ (4) | 10Mn+ (16) | 5Mn+ (27) | 1Mn+ (94)