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Cyient Results: Latest Quarterly Results & Analysis

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Cyient Ltd. 22 Oct 2026 17:42 PM
Result PDF

Q2FY27 Quarterly Result Announced for Cyient Ltd.

IT Consulting & Software company Cyient announced Q2FY27 results

Consolidated Financial Highlights:

  • Revenue from operations stood at Rs 22,350 million in Q2FY27, registering a QoQ increase of 7.67% compared to Rs 20,757 million in Q1FY27 and a YoY increase of 25.49% compared to Rs 17,810 million in Q2FY26. For H1FY27, consolidated revenue from operations reached Rs 43,107 million, showing a YoY growth of 23.42% from Rs 34,928 million during H1FY26.
  • Total income reached Rs 22,436 million in Q2FY27, reflecting a QoQ growth of 7.73% from Rs 20,757 million in Q1FY27 and a YoY expansion of 22.53% from Rs 18,310 million in Q2FY26. For H1FY27, consolidated total income grew YoY by 19.76% to Rs 43,262 million from Rs 36,125 million in H1FY26.
  • Profit Before Tax (PBT) stood at Rs 1,967 million in Q2FY27, gaining 14.96% QoQ from Rs 1,711 million in Q1FY27 and showing a marginal YoY growth of 0.05% compared to Rs 1,966 million in Q2FY26. For H1FY27, the consolidated profit before tax dropped YoY by 10.34% to Rs 3,678 million from Rs 4,102 million in H1FY26.
  • Profit After Tax (PAT) (Net Profit for the period/year) was Rs 1,325 million in Q2FY27, which expanded by 21.89% QoQ from Rs 1,087 million in Q1FY27 but decreased by 7.28% YoY from Rs 1,429 million in Q2FY26. For H1FY27, the consolidated net profit was Rs 2,412 million, indicating a YoY drop of 19.68% from Rs 3,003 million in H1FY26.
  • Earnings Per Share (EPS) basic stood at Rs 11.54 and diluted stood at Rs 11.47 in Q2FY27 vs basic EPS of Rs 9.42 and diluted EPS of Rs 9.37 in Q1FY27 (a QoQ growth of 22.51% and 22.41% respectively). Compared to Q2FY26 (basic EPS of Rs 11.55 and diluted EPS of Rs 11.48), basic EPS dipped 0.09% YoY and diluted EPS slid 0.09% YoY. For H1FY27, basic EPS was Rs 20.91 and diluted EPS was Rs 20.79 compared to basic EPS of Rs 25.51 and diluted EPS of Rs 25.34 in H1FY26, showing a YoY drop of 18.03% and 17.96% respectively.

Standalone Financial Highlights:

  • Revenue from operations was Rs 6,920 million in Q2FY27, up 1.82% QoQ from Rs 6,796 million in Q1FY27 and up 16.17% YoY from Rs 5,957 million in Q2FY26. For H1FY27, standalone revenue from operations grew by 19.87% YoY to Rs 13,716 million from Rs 11,442 million in H1FY26.
  • Total income reached Rs 6,952 million in Q2FY27, showing a QoQ growth of -0.63% compared to Rs 6,996 million in Q1FY27 and a YoY increase of 11.43% against Rs 6,239 million in Q2FY26. For H1FY27, standalone total income climbed YoY by 13.30% to Rs 13,948 million from Rs 12,311 million in H1FY26.
  • Profit Before Tax (PBT) stood at Rs 1,911 million in Q2FY27, which was flat sequentially (0.00% change) compared to Rs 1,911 million in Q1FY27, but grew YoY by 0.05% from Rs 1,910 million in Q2FY26. For H1FY27, standalone PBT decreased YoY by 4.63% to Rs 3,357 million from Rs 3,520 million in H1FY26.
  • Profit After Tax (PAT) (Net Profit for the period/year) was Rs 1,437 million in Q2FY27, showing a flat sequential performance (0.00% change) compared to Rs 1,437 million in Q1FY27 and a minor YoY expansion of 0.21% from Rs 1,434 million in Q2FY26. For H1FY27, standalone PAT recorded a YoY drop of 5.95% to Rs 2,465 million compared to Rs 2,621 million in H1FY26.
  • Earnings Per Share (EPS) basic stood at Rs 13.00 and diluted stood at Rs 12.93 in Q2FY27, down sequentially by 0.31% and 0.23% respectively from basic EPS of Rs 13.04 and diluted EPS of Rs 12.96 in Q1FY27. Compared to Q2FY26 (basic EPS of Rs 12.99 and diluted EPS of Rs 12.91), basic EPS expanded 0.08% YoY and diluted EPS grew 0.15% YoY. For H1FY27, standalone basic EPS was Rs 22.85 and diluted EPS was Rs 22.72 compared to basic EPS of Rs 23.76 and diluted EPS of Rs 23.61 in H1FY26, tracking a YoY decline of 3.83% and 3.77% respectively.

Business Highlights:

  • Segment Performance:
    • Digital, Engineering & Technology (DET): Recorded segment revenue of Rs 16,642 million in Q2FY27, up 8.05% QoQ from Rs 15,402 million in Q1FY27 and up 15.69% YoY from Rs 14,385 million in Q2FY26. For H1FY27, the DET segment earned a revenue of Rs 32,044 million, marking a 13.19% YoY increase from Rs 28,310 million in H1FY26.
    • Design Led Manufacturing (DLM): Achieved segment revenue of Rs 3,931 million in Q2FY27, up 5.16% QoQ from Rs 3,738 million in Q1FY27 and up 26.52% YoY from Rs 3,107 million in Q2FY26. For H1FY27, DLM segment revenue stood at Rs 7,669 million, climbing 30.18% YoY from Rs 5,891 million in H1FY26.
    • Semiconductors: Reached segment revenue of Rs 1,847 million in Q2FY27, posting a QoQ growth of 8.84% over Rs 1,697 million in Q1FY27 and a YoY surge of 240.77% over Rs 542 million in Q2FY26. For H1FY27, semiconductor operations brought in Rs 3,544 million, growing YoY by 249.51% from Rs 1,014 million in H1FY26.
    • Others: Delivered segment revenue of Rs 93 million in Q2FY27, picking up 14.81% QoQ from Rs 81 million in Q1FY27 and expanding 8.14% YoY from Rs 86 million in Q2FY26. For H1FY27, total segment revenue reached Rs 174 million, up 8.75% YoY from Rs 160 million in H1FY26.

Krishna Bodanapu, Executive Vice Chairman & Managing Director, Cyient, said: “Q2FY27 reflects sustained momentum across Cyient Group, with record order books and continued investment in our next phase of growth.

Cyient Semiconductors delivered 8% revenue growth QoQ, marking its sixth consecutive quarter of growth, while securing a significant turnkey program and a major engagement with a global semiconductor company. Our AI data-center power products remain on track, with R&D investments expected to begin translating into revenue next fiscal year. While near-term supply constraints may impact margins and growth, a healthy order book and an ASIC pipeline of over USD 100 million underpin our confidence in the long-term outlook.

Cyient DLM achieved another record order book, with book-to-bill above 1.6x, strengthening revenue visibility. Revenue grew over 26.5% YoY and over 30% in H1, in INR terms, with growth across all key segments led by Aerospace and Industrial.

Cyient DET delivered growth during the quarter and remained focused on building the capabilities that support our long-term strategy. Reflecting our strong operating performance and disciplined capital allocation, the Board has declared an interim dividend of Rs 12 per share.

Looking ahead, the Defense, semiconductors and AI industries present the highest opportunities for growth, and we are pursuing these together as a Group, bringing customers an end-to-end offering spanning engineering, silicon, manufacturing and lifecycle support, reinforcing the compounding value of our complementary capabilities.

Our strong order books, maturing pipeline, and focused investments in high-growth areas give me confidence that we can navigate through near-term industry headwinds and keep creating sustainable and long-term value for shareholders.”

Sukamal Banerjee, Executive Director and Chief Executive Officer, Cyient, said: “Q2FY27 was a strong quarter for Cyient. More importantly, it was the quarter our Intelligent Lifecycle Engineering strategy began to show in the numbers.

We delivered QoQ and YoY growth and improved predictability and profitability with the highest EBIT in ten quarters. We also grew organically in constant currency terms. Transportation and Mobility grew 4.5% QoQ and 16.5% YoY in constant currency, its sixth consecutive quarter of growth.

Further, we recorded our highest-ever Q2 order intake. The technology order intake also grew 39.7% YoY as a clear signal that customers value AI grounded in engineering. CYiNGINE, our Agentic AI-enabled lifecycle engineering intelligence platform, is built on that belief, with every playbook measured against the customer's own KPIs.

The integration of TAO Digital adds depth to our platform software and data engineering capabilities, expanding the support available to build stronger data foundations and enterprise AI adoption.

Customers across all segments trust us with more of their transformative work, growing into longer-term and more complete engagements across the product and asset lifecycle. This creates significant opportunity to expand and drive growth. Nothing less.”

Result PDF

Result PDF

IT Consulting & Software company Cyient announced Q1FY27 results

Consolidated Financial Highlights:

  • Total Income for Q1FY27 stood at Rs 20,826 million, reflecting a YoY growth of 16.90% from Rs 17,815 million in Q1FY26 and a QoQ increase of 6.61% from Rs 19,535 million in Q4FY26.
  • Revenue from contracts with customers reached Rs 20,757 million in Q1FY27, representing a YoY increase of 21.26% compared to Rs 17,118 million in Q1FY26 and a QoQ increase of 7.72% against Rs 19,269 million in Q4FY26.
  • Profit before tax for Q1FY27 was Rs 1,711 million, showing a YoY decline of 19.90% from Rs 2,136 million in Q1FY26, but a significant QoQ growth of 80.11% from Rs 950 million in Q4FY26.
  • Net Profit for the period in Q1FY27 was Rs 1,087 million, marking a YoY decrease of 30.94% from Rs 1,574 million in Q1FY26 and a QoQ increase of 65.95% from Rs 655 million in Q4FY26.
  • Total Comprehensive Income for Q1FY27 was Rs 1,455 million, compared to Rs 2,303 million in Q1FY26 and Rs 1,456 million in Q4FY26.

Standalone Financial Highlights:

  • Total Income for Q1FY27 reached Rs 6,996 million, growing 15.22% YoY from Rs 6,072 million in Q1FY26 and 10.10% QoQ from Rs 6,354 million in Q4FY26.
  • Revenue from operations in Q1FY27 was Rs 6,796 million, showing a YoY increase of 23.90% from Rs 5,485 million in Q1FY26 and a QoQ increase of 9.93% from Rs 6,182 million in Q4FY26.
  • Profit before tax for Q1FY27 was Rs 1,911 million, up 18.70% YoY from Rs 1,610 million in Q1FY26 and up 275.44% QoQ from Rs 509 million in Q4FY26.
  • Net Profit for Q1FY27 stood at Rs 1,437 million, reflecting a YoY growth of 21.06% from Rs 1,187 million in Q1FY26 and a QoQ increase of 276.18% from Rs 382 million in Q4FY26.

Business Highlights:

  • Segment Performance:
    • Digital, Engineering & Technology (DET): Revenue for Q1FY27 was Rs 15,402 million compared to Rs 13,925 million in Q1FY26.
    • Design Led Manufacturing (DLM): Revenue for Q1FY27 was Rs 3,738 million compared to Rs 2,784 million in Q1FY26.
    • Semiconductors: Revenue for Q1FY27 was Rs 1,697 million compared to Rs 472 million in Q1FY26.
  • Acquisition of Kinetic Technologies: On April 8, 2026, the company acquired an 82.9% majority stake in Kinetic Technologies for a total consideration of Rs 7,910 million (USD 85 million). Kinetic Technologies contributed Rs 984 million to revenue and Rs 177 million to loss before tax in Q1FY27.
  • Acquisition of TAO Digital Solutions Inc.: On May 30, 2026, the company entered into an agreement to acquire a 100% stake in TAO Digital Solutions Inc. for approximately USD 218 million. This transaction had no impact on the Q1FY27 results as it was subject to closing conditions.
  • Share Buyback: The Board approved a buyback of up to 64,00,000 equity shares at Rs 1,125 per share, totaling Rs 7,200 million. The buyback closed on June 30, 2026, and share extinguishment was completed on July 15, 2026.
  • Inter-Company Dividend: Standalone other income for Q1FY27 includes a dividend of Rs 132 million received from the wholly-owned subsidiary, Cyient Australia Pty Limited.

Result PDF

IT Consulting & Software company Cyient announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue at Rs 1,500 crore, with QoQ growth of 0.8% and YoY growth of 7.4%.
  • CC Revenue de-growth at 2.4% QoQ and at 1.5% YoY.
  • EBIT of Rs 185 crore, with a margin of 12.4%.
  • PAT at Rs 138 crore, with YoY de-growth of 9.1%.
  • Free cash flow (FCF) at Rs 226 crore, FCF to Normalised PAT conversion 163.1%.

FY26 Financial Highlights:

  • Revenue at Rs 5,819 crore, YoY growth of 5.5%.
  • CC Revenue de-growth at 0.7% YoY.
  • EBIT of Rs 712 crore, with a margin of 12.2%.
  • PAT at Rs 588 crore, with YoY growth of 7.2%.
  • Free cash flow (FCF) at Rs 731 crore, FCF to Normalised PAT conversion 124.3%.

Krishna Bodanapu, Executive Vice Chairman & Managing Director, Cyient, said: “In FY26, Cyient Group sustained its growth momentum, with sequential QoQ growth, delivering results in line with expectations across key segments. Our strong cash flow and cash position gives us the confidence to invest in the business as well as return value to shareholders.

Cyient Semiconductors delivered a strong Q4 with revenues of USD 7.2 million, marking our fourth consecutive quarter of QoQ growth. We have built a strong foundation across high-end services, turnkey ASICs, and proprietary application-specific products – positioning us as India’s largest custom chip company. As we enter FY27, the Board has agreed in principle to explore a market fundraise through a mix of debt and/or equity to support growth, and I am confident that disciplined execution and our strong leadership, IP, and pipeline will continue to propel our trajectory.”

“The Board of Directors trust the fundamentals of our business and believe that its intrinsic value is not reflected in the current market price and hence have approved a proposal for buy back of equity shares, through a tender offer at a price of Rs 1125 per equity share, for an aggregate consideration not exceeding Rs 720 crore. While we are making a buyback, we are confident that we will have strong cash flow to invest in future growth.

I am confident that with the leadership team, a scalable and resilient operating model, and a value-driven culture, we remain focused on driving profitable growth and long-term value creation.”

Sukamal Banerjee, Executive Director & Chief Executive Officer, Cyient, said: “FY26 has been a year of Stabilization & Transformation. Cyient DET ended the year with a positive YoY growth in order intake across all our businesses in H2. We have won several notable deals this quarter, including key wins in the technology services and core markets. We also achieved significant QoQ and YoY growth in Transportation and Mobility.

Behind the numbers is a deliberate focus on three strategic initiatives - market impact, technology adoption, and organizational effectiveness. Over the last year, we have sharpened our go-to-market approach, deepened our digital and AI capabilities, and improved how we operate as a business. This quarter’s revenue reflects the broader market environment, but the business fundamentals are sound. New order wins, consistent delivery, and a focused portfolio are in the right direction.

We are building to be a more integrated, more relevant, and more valuable engineering lifecycle partner for our customers. Our strength has always been domain expertise, and that endures. What will win is layering AI and digital technologies on top of deep domain knowledge and human expertise. That is exactly what differentiates Cyient.”

Result PDF

IT Consulting & Software company Cyient announced Q3FY26 results

  • Revenue at Rs 1,488 crore, with QoQ growth of 3.5% and YoY growth of 6.5%.
  • Normalised EBIT of Rs 185 crore, YoY growth of 4.6%; margin of 12.4%.
  • Normalised PAT at Rs 150 crore, with YoY growth of 40.2%.
  • FCF at Rs 236 crore, FCF to Normalised PAT conversion 157.6%.

Krishna Bodanapu, Executive Vice Chairman & Managing Director, Cyient, said: “This quarter, Cyient Group sustained its growth momentum, delivering results in line with expectations across key segments, even amid a challenging macroeconomic and geopolitical environment. Our cash position and profitability give me immense confidence that we are well-positioned to drive growth across our balanced and diversified portfolio of DET, DLM and Semiconductors.

Cyient Semiconductors has delivered strong Q3, with QoQ revenue growth of 10.7%, reflecting the investments and market development we have been driving. We marked a few key milestones this quarter - strengthening our Analog and Power IC leadership through a definitive agreement to acquire a majority stake in Kinetic Technologies, securing a strategic role in SCL’s modernization program, advancing GaN adoption in India through a strategic partnership with Navitas, and the launch of India’s First Indigenous Silicon Platform for Smart Utilities. As we continue to invest in strengthening partnerships, advisory depth, and a high-caliber team, I am confident that we will continue to deliver on the growth path we have envisioned.

Under the new leadership of DET, we continue to witness sustained growth across our key industry segments. We have won several notable deals in our key areas of business. The launch of our Lisbon Customer Experience Center and the expansion of our Middle East operations reinforce our customer-centric strategy, bringing us closer to key markets and customers and enabling co-innovation, towards creating long-term value.”

Sukamal Banerjee, Executive Director & Chief Executive Officer, Cyient, said: “Q3FY26 was a strong quarter of execution for Cyient. This translated into steady sequential quarterly growth, expanding EBIT margins, eight strategic new logos, and wins spanning industries and capabilities. Our key accounts grew 5% quarter on quarter and 15.5% YoY as we deepened participation across customers’ priorities.

Our disciplined approach and commitment to Embracing Intelligence, a differentiated and unique approach to AI, has led to this performance. While much of the market chased an AI-first narrative, we stayed anchored in what actually delivers results. Strong outcomes come from deep domain expertise and human intelligence, built into engineering from the start and carried through to delivery. AI can definitely accelerate, but it cannot function independently.

From a business perspective, we apply this domain knowledge gained through years of engagements and a way of thinking from design through operations, positioning us as a product lifecycle management partner. Thus expanding our addressable market by 10x visà-vis traditional engineering services.”

Result PDF

IT Consulting & Software company Cyient announced Q2FY26 results

  • Revenue: Rs 1,781 crore, change -3.7% YoY.
  • PAT: Rs 128 crore, change -28.8% YoY.
  • EPS: Rs 11.55 for Q2FY26, change -29.0% YoY.

Krishna Bodanapu, Executive Vice Chairman and Managing Director, said: “This quarter, Cyient Group sustained its growth momentum, delivering results in line with expectations across key segments, even amid a challenging macroeconomic and geopolitical environment. Our sound cash position and profitability underscore our strength and readiness to deliver growth across our diversified portfolio of DET, DLM, and Semiconductors.

Cyient Semiconductors delivered a strong rebound in Q2 with 12% growth, reflecting a renewed focus on execution and customer momentum. As we continue to invest in strengthening partnerships, leadership and advisory depth, and a high-caliber team, I am confident that Cyient Semiconductors will not only deliver strong results in the coming quarters but also shape the future growth of Cyient.

Under the new leadership of DET, we continue to witness sustained growth and strong recovery across our key industry segments. We won several notable deals including a large deal from an Aerospace customer who selected Cyient as a partner to strengthen their engineering operations. We expanded our customer base with several new additions while deepening relationships with our existing key accounts. We have further invested in our technology portfolio, integrating our engineering and domain expertise with capabilities in data and AI to deliver intelligent engineering solutions at scale to our customers. Our engineering strength, technology leadership, and strategic partnerships continue to earn industry recognition for delivering innovative, value-driven solutions.

With a strong leadership team, resilient business model, and a purpose-driven culture, we look forward to building on our momentum and delivering a stronger performance in FY26.”

Prabhakar Atla, President and Chief Financial Officer, said: “DET posted a healthy performance this quarter, delivering a revenue of USD 164.4 million, a growth of 50 bps in constant currency. In rupee terms, revenue stood at Rs 1438 crore, with QoQ growth of 3.3%. Achieving this growth despite ongoing macroeconomic uncertainties and the traditionally challenging Q2FY26 underscores DET’s execution strength and resilience. On the EBIT front, DET delivered a Q2 EBIT margin of 12.2%, marking a 20bps sequential expansion. This was achieved despite the headwinds from the second tranche of wage hikes. We are pleased to report that our ongoing Cost Optimization program enabled us to fully offset these additional expenses, and the program is already producing tangible results. DET’s cash conversion remains exceptionally strong, with Free Cash Flow to PAT conversion for Q2 at 114%. We continue to maintain a sharp focus on cash generation as a key business priority. These results signal positive momentum as we look ahead to the coming quarters for a stronger H2FY26.”

Result PDF

IT Consulting & Software company Cyient announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Cyient DET* Revenue at Rs 1472 crore, with QoQ de-growth of 0.5% and YoY de-growth of 1.2%.
  • Cyient DET* CC Revenue de-growth at 1.9% QoQ and de-growth at 3.4% YoY.
  • Cyient DET* EBIT of Rs 191 crore, with a margin of 13%.
  • Cyient DET* PAT at Rs 163 crore, with YoY de-growth of 6%.
  • Cyient DET* FCF at Rs 215 crore, FCF to PAT conversion 132%.

FY25 Financial Highlights:

  • Cyient DET* Revenue at Rs 5816 crore, YoY de-growth of 1.6%.
  • Cyient DET* CC Revenue de-growth at 3% YoY.
  • Cyient DET* EBIT of Rs 787 crore, with a margin of 13.5%.
  • Cyient DET* PAT at Rs 605 crore, with YoY de-growth of 12.2%.
  • Cyient DET* FCF at Rs 801 crore, FCF to PAT conversion 132%.
  • Final dividend of Rs 14 per share; Total dividend for FY25 at Rs 26 per share.

NOTE: *Cyient DET (Digital, Engineering, and Technology) segment

Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said: “For FY25, Cyient Group delivered USD 870 million in revenue at a YoY growth of 1.5% in constant currency, EBIT of 12%, decline of 258 bps YoY, PAT of Rs 622 crore de-growth of 15.4%, and FCF of Rs 688 crore at YoY growth of 6.2%.

I am also happy to share that we have launched our semiconductor subsidiary and as we shared with you on April 8, 2025 appointed Suman Narayan as the CEO of Cyient Semiconductors. Suman is a globally recognized professional in the semiconductor industry.

At a group level, we now have three well-balanced growth vectors for the future. Our recent carve-out, Cyient Semiconductors Private Limited, focuses on Technology Development and Disruption led by AI. The DET business focuses on Technology Services with Engineering competence as the core, and our DLM business focuses on Engineeringled Product manufacturing opportunities. With this, we are well-positioned to address a wide spectrum of growth opportunities in this emerging macro and geopolitical environment.

On the DET front, for FY25, DET business delivered revenue at USD 688 million, de-growth of 3% constant currency YoY. DET EBIT margin stood at 13.5%, declined by 261 bps YoY.

Order intake for DET for the full year stood at USD 836 million, down YoY by about 7%, part of the de-growth is attributed to evolving uncertainties through FY25 compared to the previous year. We won 24 large deals in DET business with a total contract potential of USD 370.8 million in FY25.

I would also like to extend a warm welcome to Sukamal Banerjee, who has joined us as Executive Director and Chief Executive Officer (CEO) of Cyient DET. As we continue to strengthen our core engineering offerings and build technology-led intelligent engineering solutions, Sukamal will provide a solid and stable foundation to lead Cyient DET through a transformative growth phase.

Given our balanced portfolio, we see many opportunities that we can capitalize on for the DET business. Our top customers have demonstrated strong growth this fiscal year despite the headwinds in demand. While there are some uncertainties in the near term, we are working very closely with our customers in navigating through the current challenges. We expect this to last at least through the first half of FY26. I am confident that with our market positioning, global presence, and the new leadership in place, we will emerge stronger to drive sustainable growth in the medium – long term.”

Result PDF

IT Consulting & Software company Cyient announced Q3FY25 results

  • Cyient DET Revenue at Rs 1480 crore, with QoQ growth of 2.1% and YoY degrowth of 0.8%.
  • Cyient DET CC Revenue growth at 2.4% QoQ and degrowth of 1.9% YoY.
  • Cyient DET EBIT of Rs 200 crore, with a margin of 13.5%.
  • Cyient DET PAT at Rs 124 crore, with YoY degrowth of 28.3%.
  • Cyient DET Order Intake grew by 5% YoY.

Krishna Bodanapu, Executive Vice Chairman and Managing Director, said: “Cyient Group witnessed positive Q3FY25 results, with quarterly Group revenue at USD 228 million, growth of 4.5% YoY in constant currency.

Our Semiconductor business continues to witness excellent traction. We have expanded our partnership with Allegro Microsystems and established a Center of Excellence (CoE) at our Manikonda campus to develop next-generation magnetic sensors and power semiconductor products for the automotive industry. The CoE will be crucial in accelerating the development of power integrated circuit (IC) product portfolios, essential components in electric vehicles, advanced driver-assistance systems (ADAS), and other automotive applications. This development strengthens Cyient's position as a leading partner for companies seeking to develop and manufacture cutting-edge semiconductor products.

Further, we are delighted to announce that we have secured approval from our Board of Directors to explore additional capital raise options for our recently announced Semiconductor subsidiary. This aligns with our strategy for semiconductor business towards capital readiness and to drive accelerated growth in the near-medium term.

Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at USD 175.2 million, a growth of 2.4% QoQ and degrowth of 1.9% YoY in constant currency. This was driven by growth in Aerospace, Connectivity, and New Growth Areas. The EBIT margin for DET stood at 13.5%, a contraction of 72 bps QoQ, largely led by wage increases and currency headwinds.

Our order book has witnessed a strong uptick. Order Intake for Q3, at USD 312.3 million, is the highest ever for Cyient DET, with a QoQ growth of close to 100% and YoY growth of 5%. We have also won 13 large deals in DET business with a total contract potential of USD 234.5 million in Q3FY25. Our pipeline for the year has improved, with large deals contributing significantly to a strong pipeline, positioning us for sustainable growth in the medium term.

Karthikeyan Natarajan has decided to step down as Executive Director and Chief Executive Officer of Cyient Limited effective immediately. I have taken charge of the business's operations for the interim. We are grateful to Karthik for his contributions and commitment to the long-term success of the business, and we wish him the best in his future endeavors.”

Result PDF

IT Consulting & Software company Cyient announced Q2FY25 results

  • Revenue at Rs 1,450 crore, with QoQ growth of 2.5% and YoY degrowth of 1.8%.
  • CC Revenue growth at 1.3% QoQ and degrowth at 3.3% YoY.
  • EBIT of Rs 206 crore, margin of 14.2%.
  • PAT at Rs 177 crore, with YoY growth of 2.3%

Krishna Bodanapu, Executive Vice Chairman and Managing Director, said: “Cyient Group witnessed positive Q2FY25 results, with quarterly Group Revenue at USD 220.7 million, growth of 2.6% YoY in constant currency.

At a strategic level, we are making strong and continued progress towards unlocking the potential of our Semiconductor business. The partial divestment of our stake in Cyient DLM gives us the flexibility to use the proceeds towards fulfilling our capital requirements across organic and inorganic initiatives in our recently launched Semiconductor business to drive accelerated growth.

We have reached an agreement to acquire 27.3% stake in Azimuth AI, a fabless custom ASIC company known for its expertise in Energy and Industrial applications with focus across global markets including India. This investment aligns strongly with our strategic growth objectives for the Semiconductor business.

In-line with building further on our expertise in Energy Business we have expanded in the Middle East market and have reached an agreement to acquire Abu Dhabi & Gulf Computer Est. (ADGCE), an Abu Dhabi-based technology consulting and digital services provider primarily catering to the Energy sector.”

Karthikeyan Natarajan, Executive Director and Chief Executive Officer, Cyient, said: “Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at USD 173 million, growth of 1.3% QoQ and degrowth of 3.3% YoY in constant currency. DET EBIT margin stood at 14.2%, expansion of 75 bps QoQ. This was driven by solid growth in Aerospace, Connectivity and New Growth Areas. We continue to progressively improve our performance in the subsequent quarters and deliver a strong H2FY25.

We are witnessing strong momentum in New Growth Areas. Our top 10 accounts have shown significant growth, underscoring the success of our focused strategy. Our strategic investments in AI solutions and platforms are helping us win new deals and also drive transformation for our customers.”

Result PDF

IT Consulting & Software company Cyient announced Q1FY25 results:

  • Cyient DET Revenue at Rs 1,414 crores, with QoQ degrowth of 5% and YoY degrowth of 2.8%
  • Cyient DET CC Revenue degrowth at 5% QoQ and 3.6% YoY
  • Cyient DET EBIT of Rs 190 crores, margin of 13.5%
  • Cyient DET PAT at Rs 141 crores, with YoY degrowth of 17%

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, said, “Cyient Group witnessed soft Q1FY25 results, with Group quarterly revenue at USD 200.9 million, degrowth of 1.5% YoY in constant currency.

Cyient’s Digital, Engineering and Technology (DET) business delivered revenue at USD 169.6 million, degrowth of 5.0% QoQ and degrowth of 3.6% YoY in constant currency. DET EBIT margin stood at 13.5%, declined by 260 bps YoY.

We expect DET revenue growth for FY25 to be flattish YoY in constant currency terms due to the Q1FY25 impact. Our top customer engagement as well as our FY24 exit order intake grew double-digit YoY. We won 5 large deals in DET with a total contract potential of USD 52.4 Mn in this quarter. With this, we are confident that we have taken steps to align the supply to the demand. We believe this will translate into improved revenue realization and drive a sharp recovery of growth through the coming quarters.

The announcement of Cyient’s Semiconductor subsidiary marks a significant step forward in our commitment to innovation and excellence across the global semiconductor landscape. Our dedicated approach to turnkey ASIC design and chip sales positions us well to capitalize on the opportunities within the global semiconductor. We also remain committed to strengthening our intelligent engineering solutions across key megatrends.”

Karthikeyan Natarajan, Executive Director and Chief Executive Officer, Cyient, said, “We secured five large deals this quarter across Connectivity, Aerospace and Sustainability. Our pipeline for the year remains strong, and we are committed to delivering Intelligent Engineering solutions for our customers. The new growth segments and Sustainability delivered growth YoY.

We had a challenging Q1, however we remain confident that with our balanced portfolio and investment in technology solutions, we will achieve growth in the mid-to-long term to deliver value to stakeholders. I extend my gratitude to all our associates for their dedication and to our customers for their continued trust in us.”

During the quarter, the company was honored with the Premier Award for performance in 2023 and overall excellence in Cost Competitiveness, Collaboration & Customer Service from its customer RTX, for the third consecutive year.

For the second year in a row, ISG recognized Cyient as a leader in Digital Engineering for Design and Development, Platform and Application Services, and Intelligent Operations for North America and EMEA.

Result PDF

IT Consulting & Software company Cyient announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Cyient Revenue at Rs 1,489 crore, with QoQ de-growth of 0.1% and YoY growth of 2.8%
  • Cyient CC Revenue de-growth at 0.5% QoQ and growth of 1.8% YoY
  • Cyient EBIT of Rs 239 crore, with a margin of 16%
  • Cyient PAT at Rs 173 crore, with YoY growth of 9.1%
  • Cyient Order Intake grew by 7.1% YoY  

FY24 Financial Highlights:

  • Cyient Revenue is Rs 5,911 crore, a growth of 16% YoY
  • Cyient CC Revenue Growth at 12.6% YoY
  • Cyient normalized EBIT at Rs 955 crore, a growth of 36.8% YoY
  • Cyient normalized PAT at Rs 689 crore, with YoY growth of 31.6%
  • Total dividend for FY24 at Rs 30 per share 

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “This year has been a very exciting and a momentous one for the Cyient Group in terms of delivering a balanced performance around growth and profitability, executing key initiatives such as DLM divestiture and margin expansion, and building a balanced portfolio of offerings to drive sustainable future growth.

For the year FY24, Cyient Group delivered USD 863 Million in revenue at a YoY growth of 15.6% in cc, EBIT of 14.5% with 173 bps expansion YoY, PAT of Rs 735 Crore at YoY growth of 30%, and FCF of Rs 648 Crore at YoY growth of 32.6%.

Cyient’s Digital, Engineering and Technology (DET) delivered USD 179.3 Million at an EBIT of 16% for Q4 FY24. We closed 9 large deals with a total contract potential of ca. USD 200 Million this quarter, taking our order intake for the quarter to USD 228 Million.

For FY24, Cyient DET delivered USD 713.9 Million at 12.6% YoY revenue growth in cc, 16.1% EBIT with 246 bps expansion YoY. PAT for the year was Rs 689 Crore, up 31.6% YoY while FCF for the year was Rs 754 Crore, a significant growth of 71.4% YoY. The full year Order Intake of USD 902 Million translates to 15% growth YoY with contributions from our key large units such as Sustainability, Transport and Connectivity.

For FY25, our order book looks strong, and we will continue to focus and invest on strengthening our intelligent engineering and technology solutions across key industries and megatrends.

We are also confident that our presence in key industry verticals through our balanced portfolio will help us deliver balanced outcomes in the evolving market and geo-political uncertainties.”

Result PDF

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