Key Decisions Approved

  • Unaudited financial results (Standalone and Consolidated) for quarter and half year ended September 30, 2026
  • Declaration of Interim Dividend of ₹12 per equity share (240%) on par value of ₹5 per share
  • Reconstitution of Audit Committee, Risk Management Committee, Stakeholders Engagement Committee and Environment, Social & Governance Committee
  • Acquisition of remaining 49% stake in Cyient Solutions and Systems Private Limited (CSSPL), making it a wholly-owned subsidiary

Financial Results - Consolidated (₹ in Millions)

Income Statement - Quarter Ended September 30, 2026

  • Revenue from contracts with customers: ₹22,350
  • Other income: ₹86
  • Total income: ₹22,436
  • Employee benefit expense: ₹11,731
  • Cost of materials consumed: ₹3,554
  • Change in inventories: (₹307)
  • Finance costs: ₹373
  • Depreciation and amortization: ₹840
  • Other expenses: ₹4,248
  • Total expenses: ₹20,439
  • Profit before tax: ₹1,967
  • Tax expense: ₹642
  • Net profit for period: ₹1,325
  • Attributable to shareholders: ₹1,214
  • Attributable to non-controlling interests: ₹111
  • Basic EPS: ₹11.54
  • Diluted EPS: ₹11.47

Half Year Ended September 30, 2026

  • Revenue from contracts with customers: ₹43,107
  • Total income: ₹43,262
  • Total expenses: ₹39,542
  • Profit before tax: ₹3,678
  • Tax expense: ₹1,266
  • Net profit: ₹2,412
  • Basic EPS: ₹20.91
  • Diluted EPS: ₹20.79

Financial Results - Standalone (₹ in Millions)

Quarter Ended September 30, 2026

  • Revenue from contracts with customers: ₹6,920
  • Other income: ₹32
  • Total income: ₹6,952
  • Total expenses: ₹5,506
  • Profit before tax: ₹1,446
  • Tax expense: ₹418
  • Net profit: ₹1,028
  • Basic EPS: ₹9.77
  • Diluted EPS: ₹9.71

Half Year Ended September 30, 2026

  • Revenue from contracts with customers: ₹13,716
  • Total income: ₹13,948
  • Total expenses: ₹10,591
  • Profit before tax: ₹3,357
  • Tax expense: ₹892
  • Net profit: ₹2,465
  • Basic EPS: ₹22.85
  • Diluted EPS: ₹22.72

Dividend Declaration

  • Interim dividend of ₹12 per equity share (240% on face value of ₹5)
  • Aggregate dividend amount: ₹1,257 million

Acquisition Details

CSSPL Acquisition

  • Acquisition of remaining 49% stake in Cyient Solutions and Systems Private Limited (CSSPL)
  • CSSPL will become wholly-owned subsidiary post-acquisition

Kinetic Technologies Acquisition (April 8, 2026)

  • Acquired 82.9% stake through Cyient Cayman Limited
  • Consideration: ₹7,910 million (US$85 million)
  • Net purchase consideration: ₹6,887 million (US$74 million)
  • Fair value of net assets acquired: ₹2,792 million (US$30 million)
  • Goodwill: ₹4,654 million (US$50 million)
  • Non-controlling interest: ₹465 million (US$5 million)
  • Put option liability for non-controlling shareholders: ₹2,457 million (US$26 million)
  • Pertains to Semiconductor Segment

TAO Digital Solutions Acquisition (September 3, 2026)

  • Acquired 100% of issued capital for ₹21,563 million ($228 million)
  • Upfront cash payment: ₹12,295 million ($130 million)
  • Performance-based contingent payments: ₹9,268 million ($98 million)
  • Fair value of net assets acquired: ₹4,325 million ($46 million)
  • Goodwill: ₹17,238 million ($182 million)
  • Pertains to DET (Digital, Engineering and Technology) Segment

Segment Reporting (Consolidated, ₹ in Millions)

Quarter Ended September 30, 2026

  • Digital, Engineering & Technology (DET): Revenue ₹16,642, Profit ₹2,319
  • Design Led Manufacturing (DLM): Revenue ₹3,931, Profit ₹422
  • Semiconductors: Revenue ₹1,847, Loss (₹300)
  • Others: Revenue ₹93, Loss (₹18)

Half Year Ended September 30, 2026

  • Digital, Engineering & Technology (DET): Revenue ₹32,044, Profit ₹4,203
  • Design Led Manufacturing (DLM): Revenue ₹7,669, Profit ₹708
  • Semiconductors: Revenue ₹3,544, Loss (₹584)
  • Others: Revenue ₹174, Loss (₹31)

Capital Structure

  • Paid-up equity share capital: ₹556 million
  • Face value: ₹5 per share

Committee Reconstitution

Audit Committee

  • Sunil R Bhumralkar (Independent Director) - Chairperson
  • MM Murugappan (Non-executive and Non-Independent Director) - Member
  • PR Ramesh (Independent Director) - Member
  • Murali Yadama (Independent Director) - Member

Risk Management Committee

  • Sunil R Bhumralkar (Independent Director) - Chairperson
  • MM Murugappan (Non-executive and Non-Independent Director) - Member
  • PR Ramesh (Independent Director) - Member
  • Murali Yadama (Independent Director) - Member

Stakeholders Engagement Committee

  • Murali Yadama (Independent Director) - Chairperson
  • B V R Mohan Reddy (Non-executive and Non-Independent Director) - Member
  • Krishna Bodanapu (Executive Director) - Member

Environment, Social & Governance Committee

  • Murali Yadama (Independent Director) - Chairperson
  • B V R Mohan Reddy (Non-executive and Non-Independent Director) - Member
  • Krishna Bodanapu (Executive Director) - Member

Other Significant Events

  • Buyback of 6.4 million equity shares completed in July 2026 for ₹7,200 million
  • Cyient Semiconductors Singapore issued NCDs of ₹2,000 million and CCPS of ₹1,000 million
  • Dividend received from subsidiaries: ₹400 million from Cyient Insights and ₹132 million from Cyient Australia
  • Hedge accounting implemented for USD denominated ECB and TAO acquisition earnout

Auditor Review

  • S.R. Batliboi & Associates LLP conducted limited review of unaudited financial results
  • Unmodified review reports issued for both consolidated and standalone results
  • Review conducted in accordance with SRE 2410