Cyient Limited submitted an investor presentation to BSE Limited and National Stock Exchange of India Ltd detailing financial results for the quarter and half-year ended 30 September 2026.

Financial Performance - Group Level

  • Q2 FY27 Revenue: $233.9 million (US Dollars) or ₹2,235 crore (Indian Rupees), representing +25.5% YoY growth in INR terms
  • Q2 FY27 PAT: ₹121 crore, showing -4.8% YoY decline
  • Q2 FY27 EPS: ₹11.54 (basic), representing -0.2% YoY change
  • Normalized EBITDA: ₹3,123 million with 14.0% margin
  • Normalized EBIT: ₹2,284 million with 10.2% margin
  • The Board declared an interim dividend of ₹12 per share

Business Segment Performance

Cyient DET (Digital, Engineering & Technology):

  • Revenue: $174.2 million (₹16,642 million)
  • Normalized EBIT: ₹2,366 million with 14.2% margin (highest in ten quarters)
  • PAT: ₹1,535 million with 9.3% margin
  • Order intake (excluding TAO Digital): $158 million, up 20.8% YoY
  • Book-to-bill ratio: 1.6x
  • Transportation & Mobility grew 4.5% QoQ and 16.5% YoY in constant currency

Cyient Semiconductors:

  • Revenue: $19.3 million (₹847 million), +8% QoQ growth (6th consecutive quarter of sequential growth)
  • EBIT: -₹300 million with -16.2% margin
  • PAT: -₹474 million with -26.3% margin
  • Includes Kinetic Technologies revenue of $11.8 million with 10% negative EBIT
  • Order intake grew 50% QoQ
  • $100 million+ ASIC pipeline supporting long-term confidence

Cyient DLM:

  • Revenue growth: 26.5% YoY in INR terms
  • H1 growth: 30% YoY in INR terms
  • Record order book with book-to-bill above 1.6x
  • Growth across all key segments led by Aerospace and Industrial

Strategic Developments

  • Secured large engagement with a global semiconductor company
  • High-voltage power products for AI data centers on track, expected to generate revenue in next fiscal year
  • TAO Digital acquisition strengthens platform software and data engineering capabilities
  • CYiNGINE, the Agentic AI-enabled lifecycle engineering intelligence platform, is being measured against customer KPIs
  • Focus on Defense, semiconductors and AI industries as highest growth opportunities

Operational Metrics

Headcount (excluding TAO Digital):

  • Total: 14,151 employees
  • Technical Pool: 13,100 employees
  • Non-Technical Support: 633 employees
  • Voluntary Attrition (LTM): 14.6%

Client Metrics:

  • $20M+ clients: 6
  • $10M+ clients: 15
  • $5M+ clients: 25
  • $1M+ clients: 91

Geographic Revenue Distribution (DET)

  • Americas: 53.9%
  • Europe, Middle East, Africa: 22.7%
  • Asia Pacific (including India): 23.5%

Currency Revenue Distribution (DET)

  • USD: 55.6%
  • EURO: 15.1%
  • GBP: 5.4%
  • AUD: 9.9%
  • Others: 14.0%

Cash Position and Balance Sheet (Group)

  • Cash & Cash Equivalents including treasury investments: ₹11,583 million
  • Total Debt: ₹12,721 million
  • Long-term borrowings: ₹11,597 million
  • Short-term borrowings: ₹1,124 million
  • Net cash: -₹1,138 million
  • Total Assets: ₹115,850 million
  • Shareholders' funds: ₹56,063 million

Management Commentary

Executive Vice-Chairman & Managing Director Krishna Bodanapu stated: "Q2 FY27 reflects sustained momentum across Cyient Group, with record order books and continued investment in our next phase of growth." He highlighted that excluding product R&D, the core semiconductor business is EBIT-neutral and self-sustaining.

Executive Director & CEO Sukamal Banerjee commented: "Q2 FY27 was a strong quarter for Cyient. More importantly, it was the quarter our Intelligent Lifecycle Engineering strategy began to show in the numbers." He noted technology order intake grew 39.7% YoY as customers value AI grounded in engineering.

Forward Outlook

  • Supply constraints may weigh on near-term margins and growth in semiconductors
  • R&D investments in AI data-center power products expected to begin generating revenue next fiscal year
  • Continued focus on profitable growth and sustainable margin improvement over medium to long term
  • Strong order books and maturing pipeline support confidence in navigating near-term industry headwinds