Cyient Q1FY26 Results: Net Profit Jumps 30% YoY; Robust Cash Flow and Key Deal Wins Strengthen Growth Outlook

Hyderabad, July 24, 2025 — Cyient Ltd (NSE: CYIENT) showcased a resilient start to FY26 in Q1, with its consolidated Digital, Engineering, and Technology (DET) segment posting a 30% YoY increase in PAT to ₹163 crore. The company also demonstrated exceptional free cash flow (FCF), converting ₹215 crore from DET—a remarkable 132% FCF-to-PAT ratio—lifting its cash reserves to a record ₹157 million (~₹1,242 crore) by the end of FY25. This liquidity strength positions Cyient well for strategic investments and growth. Meanwhile, Cyient’s Design-Led Manufacturing (DLM) arm reported Q1 revenue up 8% YoY to ₹278 crore and EBITDA up 25%, though profit declined sharply due to higher non-cash amortisation and lower other income.

Financial Highlights (Q1 FY26)

In Q1 FY26, Cyient’s Digital, Engineering, and Technology (DET) segment reported revenue of ₹1,393 crore, reflecting a marginal 0.3% decline quarter-on-quarter but a 3.6% increase year-on-year. The DET segment’s Profit After Tax (PAT) stood at ₹163 crore, marking a strong 30% year-on-year growth. The Cyient Group’s cash position improved by ₹262 crore QoQ, reaching ₹1,894 crore by the end of the quarter. The company added 14 new logos across various industries, indicating robust client acquisition. Additionally, growth from key accounts rose 4% sequentially and 11% compared to the same period last year.

Stock Performance

On July 24, Cyient Ltd’s stock closed at ₹1,242.20, down 2.98% or ₹38.10, after opening at ₹1,281.60 and hitting an intraday low of ₹1,231.00 and a high of ₹1,285.30.

Business and Segment Highlights

• Strategic Deal Wins: The company secured a notable $20 million+ deal from a major APAC-based telecom player to expand wireless infrastructure.
• Logo Additions: 14 new clients were onboarded in Q1 across multiple industries.
• Key Account Expansion: Accounts with top clients saw 11% YoY and 4% QoQ growth, indicating strong client retention and cross-selling success.
• Segment Carve-Out: The semiconductor vertical has been carved out successfully, aligning with Cyient’s vision to tap high-growth analogue and mixed-signal ASIC opportunities.

Management Commentary

Krishna Bodanapu, Executive Vice Chairman and Managing Director, expressed confidence in the group’s diversified portfolio and highlighted the completion of the semiconductor carve-out: “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 will play a pivotal role in shaping our future growth.”

He also emphasised leadership restructuring in the DET segment and visible recovery supported by major wins and a robust pipeline.

Sukamal Banerjee, Executive Director and CEO, noted: “We are seeing strong traction in new growth opportunities, with a clear shift in our pipeline towards more transformation-led engagements… Our Domain + AI approach is already showing results, especially with customers digitizing core operations and building Centers of Excellence.”

Industry Recognition and Innovation

• Cyient was ranked a leader in 11 key zones in the Zinnov Zones 2024 rankings, including ER&D, Aerospace, Medical Devices, Telecommunications, and Data & AI Engineering.
• Led Phase 1 development of the TM Forum Open Innovation catalyst “InfraVerse”, combining AI, drones, digital twins, and immersive XR for mobile infrastructure transformation.

REF:https://nsearchives.nseindia.com/corporate/CYIENT_24072025170634_PressReleaseFinalSigned.pdf

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