Financial Highlights for Q2 FY27 (Cyient DET Segment)

Revenue Performance:

  • Revenue: ₹1,664 crores
  • Quarterly Growth: 8.1% QoQ
  • Yearly Growth: 15.7% YoY
  • Organic Growth: 2.1% QoQ and 9.3% YoY

Profitability Metrics:

  • EBIT: ₹237 crores
  • EBIT Margin: 14.2%
  • EBIT Growth: 16.8% QoQ
  • PAT: ₹153 crores
  • PAT Growth: 8.7% QoQ

Cash Flow & Returns:

  • Free Cash Flow (FCF): ₹214 crores
  • FCF to PAT Conversion: 139%
  • Interim Dividend: ₹12 per share announced

Business Development:

  • Order Intake Growth: 20.8% YoY

Segment Performance Updates

Cyient Semiconductors:

  • Delivered 8% revenue growth QoQ
  • Sixth consecutive quarter of growth
  • Secured significant turnkey program
  • Major engagement with global semiconductor company
  • AI data-center power products on track
  • R&D investments expected to translate to revenue next fiscal year
  • ASIC pipeline exceeds $100 million

Cyient DLM:

  • Achieved record order book
  • Book-to-bill ratio above 1.6x
  • Revenue growth: 26.5% YoY and over 30% in H1 (INR terms)
  • Growth across all key segments led by Aerospace and Industrial

Transportation and Mobility:

  • Grew 4.5% QoQ and 16.5% YoY in constant currency
  • Sixth consecutive quarter of growth

Strategic Developments

Technology Platform:

  • CYiNGINE: Agentic AI-enabled lifecycle engineering intelligence platform
  • Technology order intake grew 39.7% YoY
  • Integration of TAO Digital adds depth to platform software and data engineering capabilities

Management Commentary:

Krishna Bodanapu, Executive Vice Chairman and Managing Director:

  • Q2 FY27 reflects sustained momentum across Cyient Group
  • Record order books and continued investment in next phase of growth
  • Defense, semiconductors and AI industries present highest growth opportunities
  • Strong order books, maturing pipeline, and focused investments provide confidence

Sukamal Banerjee, Executive Director and Chief Executive Officer:

  • Intelligent Lifecycle Engineering strategy began to show in numbers
  • Improved predictability and profitability with highest EBIT in ten quarters
  • Organic growth in constant currency terms
  • Customers trust with more transformative work, growing into longer-term engagements

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.