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Cyient, an engineering, research and development company, announced its financial results for the quarter and year ended March 31, 2026. Along with the quarterly results, the company approved a share buyback worth Rs 720 crore.
Cyient Share Buyback Price
Speaking on the buyback, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient said, “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.”
Cyient reported fourth-quarter profit below estimates on Thursday, hurt by a one-time charge and higher expenses. The company reported a consolidated net profit at Rs 54.8 crore against Rs 170 crore reported in the year-ago period.
The loss was primarily due to a one-time exceptional charge of Rs 71.2 crore related to a proposed acquisition that did not go through.
Financial Highlights for Q4 FY26
- Cyient’s Digital, Engineering, and Technology (DET) segment’s revenue at Rs 1,500 crore, with QoQ growth of 0.8% and YoY growth of 7.4%
- Cyient DET CC Revenue de-growth at 2.4% QoQ and at 1.5% YoY
- Cyient DET EBIT of Rs 185 crore, with a margin of 12.4%
- Cyient DET PAT at Rs 138 crore, with YoY de-growth of 9.1%
- Cyient DET FCF at Rs 226 crore, FCF to Normalised PAT conversion 163.1%
Financial Highlights for FY26
- Cyient DET Revenue at Rs 5,819 crore, YoY growth of 5.5%
- Cyient DET CC Revenue de-growth at 0.7% YoY
- Cyient DET EBIT of Rs 712 crore, with a margin of 12.2%
- Cyient DET PAT at Rs 588 crore, with YoY growth of 7.2%
- Cyient DET FCF at Rs 731 crore, FCF to Normalised PAT conversion 124.3%
Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “In FY26, Cyient Group sustained its growth momentum, with sequential QoQ growth, delivering results ins 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 $7.2Mn, 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.”
Krishna added, “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 and 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,” Baneerjee said.
“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,” added Bodanapu.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
