Cyient Limited announced its financial results for the quarter ended June 30, 2026 (Q1 FY27) through a press release submitted to BSE Limited and National Stock Exchange of India Ltd.
Financial Highlights for Q1FY27
- Cyient DET Revenue: ₹1,540 crores with 2.7% quarter-on-quarter (QoQ) growth and 10.6% year-on-year (YoY) growth
- Cyient DET Constant Currency Revenue: De-growth of 0.5% QoQ and 0.9% YoY
- Cyient DET EBIT: ₹203 crores with a margin of 13.2%
- Cyient DET PAT: ₹141 crores with 2.1% QoQ growth
- Cyient DET Free Cash Flow: ₹114 crores with FCF to Normalised PAT conversion of 80.5%
Note: EBIT, PAT & EPS figures are normalised to exclude the impact of M&A expenses (₹14 crores in Q1FY26 and ₹71 crores in Q4FY26). Cyient DET refers to the Digital, Engineering, and Technology segment.
Management Commentary
Krishna Bodanapu, Executive Vice Chairman and Managing Director:
- Q1 FY27 marks a strong start to the year, reinforcing underlying business strength
- Cyient Semiconductors delivered fifth consecutive quarter of organic growth in core business
- Successful integration of Kinetic Technologies
- Completed fundraise with EAAA India Alternatives Ltd (Edelweiss) at post-money valuation of $500 million
- Cyient DLM achieved highest-ever order book with healthy revenue growth and sustained double-digit EBITDA margins
- Cyient DET delivered steady performance with good growth in Transportation and Connectivity segments
- Successfully completed share buyback program through tender offer route
- Promoter Group, Directors, and Key Managerial Personnel did not participate in buyback
Sukamal Banerjee, Executive Director and Chief Executive Officer:
- EBIT rose to 13.2%, up 79 basis points over last quarter
- Order intake grew 5.3% year-on-year
- Transportation and Mobility delivered fifth straight quarter of growth
- Large-deal pipeline is the highest in the last 12 quarters
- Announced agreement to acquire TAO Digital Solutions to strengthen data and software engineering capabilities
- Focus on AI adoption with domain expertise
Corporate Actions
- Share buyback program successfully completed through tender offer route
- Fundraising completed for Cyient Semiconductors at $500 million post-money valuation with EAAA India Alternatives Ltd
- Agreement to acquire TAO Digital Solutions announced
Operational Highlights
- Strong performance across all segments: Cyient DET, Cyient Semiconductors, and Cyient DLM
- Continued investments in strengthening AI capabilities
- Healthy order intake backed by strong pipeline
- Focus on lifecycle engineering capabilities across multiple industries including Aerospace, Rail, Automotive, Mobility, Connectivity, Energy, Healthcare, Mining, and Utilities
Company Overview
Cyient is a global lifecycle engineering company with 300+ customers and 15,000+ associates across 30+ countries, delivering intelligent engineering solutions across multiple industries.
Forward-Looking Statements
The press release contains forward-looking statements subject to risks, uncertainties, and assumptions including significant changes in economic environment, regulatory and tax laws, import duties, litigation, labour relations, and other factors beyond the Company's control. Cyient undertakes no obligation to publicly update or revise these statements except as required under applicable law.