Cyient DLM (CYIENTDLM) Q4 25/26 earnings summary

Executive summary

• FY 2026 revenue performance was mixed, with some sources reporting a decline to INR 12,615 million due to large order completion and supply chain disruptions, while another source reported audited consolidated revenue at ₹15,196.26 million, up year-over-year.

• Q4 FY 2026 revenue was INR 3,691 million, down 13.8% YoY, but ended with a record-high order book and improved profitability.

• Strategic investments in sales leadership, operational excellence, and automation enhanced customer engagement and order pipeline quality.

• The company operates in a single segment: Electronic Manufacturing Services, with aerospace, industrial, and medical as key contributors.

• Net profit for FY 2026 was reported as INR 733 million (reported PAT), while another source cited ₹917.24 million.

Financial highlights

• FY 2026 revenue was INR 12,615 million (down 17% YoY), while another source reported ₹15,196.26 million; Q4 revenue was INR 3,691 million (down 13.8% YoY).

• Q4 EBITDA was INR 431 million (down 24.9% YoY), margin at 11.7%; FY 2026 normalized EBITDA was INR 1,302 million (down 10.2% YoY), margin at 10.1%.

• FY 2026 normalized PAT was INR 563 million (down 24% YoY), reported PAT margin at 5.8%; net profit also reported as ₹917.24 million.

• EPS for FY 2026 was ₹9.23 (basic), up from ₹8.58 in FY25.

• Cash and cash equivalents at year-end stood at ₹800.33 million, up from ₹471.17 million last year.

Outlook and guidance

• Management expects year-over-year growth in all quarters of FY 2027, supported by a robust order book and pipeline.

• No specific revenue or margin guidance was provided, but confidence in sustaining double-digit EBITDA margins was reiterated.

• Growth is expected from both existing and new verticals, including non-A&D sectors and new product lines in semiconductors and AI infrastructure.

• Management expects improvement in the value of investments in IP-based communications as new products are launched.

• Continued investment in automation, operational excellence, and vertical integration is planned.