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Cyient announced key leadership transitions reinforcing its long-term growth strategy and operational excellence agenda within its core business. Effective 01 April 2026, Prabhakar Atla shall assume the role of Chief Operating Officer (COO), and Shrinivas Kulkarni has been appointed as Chief Financial Officer (CFO).
Prabhakar Atla, currently Chief Financial Officer, will transition into the role of Chief Operating Officer. A Cyient veteran with more than two decades of leadership, Prabhakar has played a pivotal role in strengthening the company's strategic direction, and business resilience. As COO, he will be responsible for scaling next generation delivery models, developing future ready talent, and enriching client experience through effective operating models. His focus will be on improving execution agility, driving operational scalability, and achieving excellence in customer-centric delivery.
Shrinivas Kulkarni, who most recently was the CFO of Cyient DLM, will assume the role of Chief Financial Officer of Cyient. Shrinivas has led multiple initiatives in the Cyient group over the last decade driving financial discipline, operational efficiency, improved cash conversion, and margin expansion. In his new role, he will be responsible for guiding Cyient's global financial strategy, managing investor relations, and overseeing business finance to support competitiveness and industry-leading profitability.
Profit before tax (PBT) stood at Rs 14.90 crore, down 0.67% YoY.
The quarter reflected the financial impact of customer side slowdowns and certain one off items that are temporary in nature. Despite this, the company delivered a sustained double digit EBITDA margin supported by a healthy revenue mix.
After adjusting for one- offs costs, M&A cost of Rs 1.77 crore & Wage code impact of Rs 1.64 crore , PAT (normalised) for Q3 stood at Rs 13.84 crore, representing 4.6% of revenues, an increase of 73bps YoY. EBITDA (normalised) came in at Rs 30.94 crore for Q3, with a 10.2% margin, reflecting a 207bps improvement YoY.
During the quarter, the order book stood at Rs 2,349.4 crore, registering the growth of 9.64% compared with Rs 2,142.9 crore in Q3 FY25.
During the quarter, the company secured new program wins across medical, industrial, aerospace, and mobility sectors with a total order intake of Rs 387 crore, and volume ramp-ups are expected in Q4. It also added two new logos in high reliability electronics manufacturing, strengthening its Medical and Industrial segments.
Rajendra Velagapudi, MD and CEO of Cyient DLM, stated that the company remains firmly focused on execution, customer value, and operational rigor. He noted that while near term challenges are being addressed with targeted actions, Cyient DLM continues to build a resilient foundation for sustainable long term growth. As part of this commitment, the company is strengthening its global reach through the addition of sales leaders across key geographies and a more focused go to market approach, aligning business development, engineering, and delivery teams closely with industry verticals to drive sharper customer focus.
Cyient DLM, a subsidiary of Cyient, is one of the leading integrated electronic manufacturing services (EMS) and solutions providers with capabilities across the value chain and the entire life cycle of a product.
Profit before tax stood at Rs 36.48 crore in Q2 FY26, up 74.62% as compared with Rs 20.89 crore in Q2 FY25.
During the quarter, EBITDA stood at Rs 31.2 crore, registering de-growth of 1.26% as compared with Rs 31.6 crore in Q4 FY24. EBITDA margin improved to 10% in Q2 FY26 as against 8.1% recorded in the corresponding quarter last year.
Free Cash Flow stood at Rs 27 crores in Q2, marking four consecutive quarters of positive cash flow and reflecting strong cash generation despite one-time land acquisition costs in Q2
On a half-year basis, the company’s net profit soared 52.01% to Rs 39.60 crore, while revenue fell 9% to Rs 589.06 crore in H1 FY26 over H1 FY25.
H1 order intake crossed Rs 1,000 crore, representing a 130% YoY growth.
Rajendra Velagapudi, MD & CEO of Cyient DLM, said, 'Our profitability has improved significantly this quarter, reflecting the disciplined execution and strategic choices we have made this year. We continue to strengthen our capabilities, expand our customer base, and build a robust pipeline. Order intake has seen a 130% YoY growth in H1, and the pipeline of large deals in advanced stages are expected to drive future growth.'
During the quarter, Cyient DLM added two strategic customers, a Japanese eVTOL company focused on next-generation mobility and an EV charging solutions provider, both aligned with the rapidly evolving electric mobility ecosystem. This expansion is in line with Cyient DLM’s strategy to diversify, particularly around the automotive and electric vehicle domains. Buildto-Spec (B2S) elements in the programs underscore the company’s growing role as a partner in end-to-end product realization, from design and engineering to manufacturing. Cyient DLM continues to leverage its deep engineering expertise and manufacturing capabilities to support new-age technologies, integrating advanced electronics, power systems, and connectivity solutions that enable cleaner and smarter mobility.
The company continues to diversify its portfolio, with Box-Build solutions driving healthy contribution from global markets outside India. Cyient DLM demonstrated operational resilience with stable EBITDA performance and improved material cost ratios, driven by supply chain efficiencies and favourable mix.
The firm also secured a few major B2S projects during the quarter, which are expected to progress into the next phase of development in the near term. The company continues to invest in enhancing its B2S capabilities, integrating advanced design, testing, and certification competencies to serve complex requirements in high-reliability sectors.
The company continues to strengthen its go-to-market (GTM) approach, aligning business development, engineering, and delivery teams more closely to industry verticals for sharper customer focus. The company is also pursuing opportunities to expand its global footprint, leveraging its strong presence in India and the U.S. to serve strategic customers across A&D, Industrial, Medical, and Automotive sectors.