Key Business Transactions

1. Approval of Financial Results: The Board approved the unaudited financial results (Consolidated and Standalone) for the quarter ended 30 June 2026.

2. Appointment of Independent Director: Mr. Muralidhar Yadama (DIN: 00034952) was appointed as Independent Director of the Company effective 23 July 2026 for a period of 5 years, subject to shareholder approval.

Meeting Details

The Board meeting commenced at 01:45 PM IST and concluded at 04:30 PM IST on 23 July 2026.

Financial Results Overview

Consolidated Financials (₹ Millions)
  • Total Income: ₹20,826 (Q1 FY27) vs ₹17,815 (Q1 FY26) - 17% increase
  • Revenue from Contracts: ₹20,757 (Q1 FY27) vs ₹17,118 (Q1 FY26)
  • Other Income: ₹69 (Q1 FY27) vs ₹697 (Q1 FY26)
  • Employee Benefits Expense: ₹11,228 (Q1 FY27) vs ₹9,633 (Q1 FY26)
  • Finance Costs: ₹217 (Q1 FY27) vs ₹163 (Q1 FY26)
  • Depreciation & Amortization: ₹767 (Q1 FY27) vs ₹680 (Q1 FY26)
  • Profit Before Tax: ₹1,711 (Q1 FY27) vs ₹2,136 (Q1 FY26)
  • Tax Expense: ₹624 (Q1 FY27) vs ₹562 (Q1 FY26)
  • Net Profit: ₹1,087 (Q1 FY27) vs ₹1,574 (Q1 FY26)
  • EPS (Basic): ₹9.42 (Q1 FY27) vs ₹13.95 (Q1 FY26)
  • EPS (Diluted): ₹9.37 (Q1 FY27) vs ₹13.86 (Q1 FY26)
Standalone Financials (₹ Millions)
  • Total Income: ₹6,996 (Q1 FY27) vs ₹6,072 (Q1 FY26)
  • Revenue from Contracts: ₹6,796 (Q1 FY27) vs ₹5,485 (Q1 FY26)
  • Other Income: ₹200 (Q1 FY27) vs ₹587 (Q1 FY26)
  • Employee Benefits Expense: ₹3,444 (Q1 FY27) vs ₹3,206 (Q1 FY26)
  • Finance Costs: ₹25 (Q1 FY27) vs ₹29 (Q1 FY26)
  • Depreciation & Amortization: ₹205 (Q1 FY27) vs ₹202 (Q1 FY26)
  • Profit Before Tax: ₹1,911 (Q1 FY27) vs ₹1,610 (Q1 FY26)
  • Tax Expense: ₹474 (Q1 FY27) vs ₹423 (Q1 FY26)
  • Net Profit: ₹1,437 (Q1 FY27) vs ₹1,187 (Q1 FY26)
  • EPS (Basic): ₹13.00 (Q1 FY27) vs ₹10.77 (Q1 FY26)
  • EPS (Diluted): ₹12.93 (Q1 FY27) vs ₹10.70 (Q1 FY26)

Significant Events and Transactions

Kinetic Technologies Acquisition
  • Through subsidiary Cyient Cayman Limited, acquired 82.9% stake in Kinetic Technologies on 8 April 2026
  • Total consideration: ₹7,910 Mn (US$85 Mn), including ₹1,023 Mn (US$11 Mn) retained for operations
  • Net purchase consideration: ₹6,887 Mn (US$74 Mn)
  • Fair value of net assets acquired: ₹2,792 Mn (US$30 Mn)
  • Goodwill recognized: ₹4,654 Mn (US$50 Mn)
  • Non-controlling interest: ₹465 Mn (US$5 Mn)
  • Pre-combination employee stock options: ₹93 Mn (US$1 Mn)
  • Put option liability recognized: ₹2,457 Mn (US$26 Mn) as of acquisition date
  • Post-acquisition contribution: Revenue ₹984 Mn (US$10.4 Mn), Loss before tax ₹177 Mn (US$1.9 Mn)
  • Acquisition pertains to Semiconductors segment
TAO Digital Solutions Acquisition
  • Signed Share Purchase Agreement on 30 May 2026 to acquire 100% stake
  • Consideration: Approximately US$218 Mn (upfront US$130 Mn + contingent based on performance)
  • Subject to customary closing conditions and regulatory approvals
  • No impact on Q1 FY27 financial results
Share Buyback
  • Board approved on 23 April 2026: Buyback of 6,400,000 equity shares (5.76% of paid-up capital)
  • Price: ₹1,125 per share
  • Aggregate amount: ₹7,200 Mn (excluding transaction costs)
  • Shareholders approved via special resolution on 10 June 2026
  • Tendering period: 23 June 2026 to 30 June 2026
  • Payment completed on 6 July 2026
  • Share extinguishment completed on 15 July 2026
  • Considered non-adjusting event under Ind AS 10 as completed after reporting date (30 June 2026)
ESOP Allotment
  • During quarter ended 30 June 2026, allotted 15,616 equity shares of ₹5 each consequent to exercise of stock options

Segment Reporting (Consolidated, ₹ Millions)

Revenue by Segment (Q1 FY27)
  • Digital, Engineering & Technology (DET): ₹15,402
  • Design Led Manufacturing (DLM): ₹3,738
  • Semiconductors: ₹1,697
  • Others: ₹81
  • Total Segment Revenue: ₹20,918
  • Less: Inter-segment revenue: ₹161
  • Revenue from contracts with customers: ₹20,757
Segment Results (Q1 FY27)
  • DET: Profit ₹1,884
  • DLM: Profit ₹286
  • Semiconductors: Loss ₹284
  • Others: Loss ₹13
  • Total Segment Results: ₹1,873

Foreign Exchange Impact

  • Consolidated: Net foreign exchange loss of ₹234 Mn (Q1 FY27)
  • Standalone: Net foreign exchange loss of ₹20 Mn (Q1 FY27)

Dividend Received

  • During quarter ended June 30, 2026, received dividend of ₹132 Mn from Cyient Australia Pty Limited (wholly owned subsidiary)
  • Recognized as 'Other income' in standalone financial results

Director Appointment Details

Mr. Muralidhar Yadama

  • Current Position: Managing Director of MYK Laticrete, Founder & Director of MYK Arment
  • Educational Qualification: Bachelor of Engineering in Ceramic & Cement Technology
  • Experience: Several decades in building material industry with expertise in ceramic and cement engineering
  • Independence: Meets criteria under Companies Act, 2013 and SEBI LODR Regulations, 2015
  • Relationship: Not related to any Directors, KMP, Promoters or Promoter group
  • Not debarred from holding director office per SEBI orders

Auditor Review

  • S.R. Batliboi & Associates LLP conducted limited review of unaudited financial results
  • Issued unmodified review reports for both consolidated and standalone financial results
  • Review performed pursuant to Regulation 33 of SEBI Listing Regulations