Cyient on Thursday, October 22, reported a 22% sequential rise in consolidated net profit to ₹132.5 crore for the second quarter of financial year 2026-27, compared with ₹108.7 crore in the June quarter. The midcap IT firm’s revenue from operations increased 7.7% quarter-on-quarter (QoQ) to ₹2,235 crore in the September quarter, against ₹2,075.7 crore in the previous quarter.
The core operating profit, or earnings before interest and tax (EBIT) rose 22.1% year-on-year to ₹228.4 crore. The EBIT margin expanded to 10.22% from 9.01% a year earlier.
Cyient’s consolidated results showed revenue growth across its businesses, with its Digital, Engineering and Technology (DET) segment reporting revenue of ₹1,664 crore, up 8.1% sequentially and 15.7% year-on-year. The segment’s EBIT margin improved to 14.2% from 12.2% in the year-ago quarter.
Cyient’s Design Led Manufacturing (DLM) business reported revenue of ₹393.1 crore, compared with ₹373.8 crore in the June quarter and ₹310.7 crore a year earlier. Its semiconductor business recorded revenue of ₹184.7 crore, up from ₹169.7 crore sequentially and ₹54.2 crore year-on-year.
Sukamal Banerjee, Executive Director and Chief Executive Officer, said the quarter marked a period of improved predictability and profitability, with the company recording its highest EBIT in 10 quarters.
“Transportation and Mobility grew 4.5% QoQ and 16.5% YoY in constant currency, its sixth consecutive quarter of growth,” Banerjee said.
He added that technology order intake grew 39.7% year-on-year, reflecting customer demand for artificial intelligence grounded in engineering. The integration of TAO Digital has expanded Cyient’s platform software and data engineering capabilities, supporting enterprise AI adoption.
The company said Cyient DLM achieved a record order book, with a book-to-bill ratio above 1.6 times. Its revenue grew 26.5% year-on-year in the September quarter, with growth across key segments led by aerospace and industrial.
Cyient Semiconductors’ revenue grew 8% sequentially, marking its sixth consecutive quarter of growth. However, the company flagged that memory supply constraints could weigh on near-term growth and margins.
Cyient declares interim dividend
Cyient’s board declared an interim dividend of ₹12 per equity share, with a face value of ₹5 each. The dividend amounts to 240% of the face value.
The board also approved the acquisition of the remaining 49% stake in Cyient Solutions and Systems. Following the acquisition, the entity will become a wholly owned subsidiary of Cyient.
Looking ahead, the company said defence, semiconductors and artificial intelligence remain key growth opportunities, supported by its investments in engineering, silicon, manufacturing and lifecycle services.
Cyient share price performance
Shares of Cyient ended nearly 2% lower at ₹1,148 on Thursday, ahead of the results announcement. The stock has gained about 3.5% so far in 2026, but has fallen more than 5% over the last 12 months.
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