Synopsis:
Cyient DLM reported Q1 FY26 revenue of Rs. 278.4 crore, 35 percent QoQ decline. PAT fell 76 percent QoQ. Order intake hit Rs. 515 crore, boosting backlog to Rs. 2,131.8 crores with improved EBITDA margins.
During Wednesday’s trading session, shares of a leading Integrated Electronics Manufacturing Solutions provider that offers Design Led Manufacturing (DLM) solutions tumbled nearly 8.5 percent on BSE, after the company announced muted financial results for Q1 FY26.
At 11:22 a.m., shares of Cyient DLM Limited were trading in the red at Rs. 465.65 on BSE, down by nearly 3 percent, as against its previous closing price of Rs. 481.2, with a market cap of Rs. 3,695.6 crores. The stock has delivered negative returns of about 38 percent in the last one year, but has gained by more than 1 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, Cyient DLM Limited announced the financial results for Q1 FY26 on Tuesday after market hours. For Q1 FY26, Cyient DLM reported a total revenue from operations of Rs. 278.4 crores, marking around a 35 percent QoQ decline compared to Rs. 428 crores in Q4 FY25, but a year-on-year marginal increase of about 8 percent from Rs. 258 crores recorded in Q1 FY25.
The company’s net profit for the quarter stood at Rs. 7.5 crores, reflecting a decline of around 76 percent QoQ compared to Rs. 31 crores in Q4 FY25, and a year-on-year decrease of about 29 percent from Rs. 10.6 crores recorded in Q1 FY25.
Profit After Tax (PAT) YoY growth was adversely impacted, primarily due to a decline in other income, driven by the deployment of IPO proceeds as well as amortisation of intangibles (noncash) arising from the M&A activity, an expense not present in the prior year.
At the operating level, EBITDA stood at Rs. 25 crores during Q1 FY26, improving by 25 percent YoY from Rs. 20 crores in Q1 FY25. Meanwhile, EBITDA margins increased by 125 basis points, to 9 percent from 7.8 percent, over the same period.
As of Q1 FY26, Cyient DLM reported a consolidated order book of Rs. 2,131.8 crore. The order backlog expanded on the back of a record quarterly order intake of ~Rs. 515 crore—the highest in the last 10 quarters. Notably, nearly 50 percent of this intake is scheduled for execution within FY26, enhancing.
Cyient DLM Limited is principally engaged in the business of providing total electronic manufacturing solutions in the fields of medical, industrial, automotive, telecommunication, defence, and aerospace applications and machining of components for aerospace, automotive, and defence industries.
On 8th April 2025, the company announced the launch of its wholly owned semiconductor subsidiary, Cyient Semiconductors Private Limited. Leveraging Cyient’s semiconductor design expertise, the new entity will focus on scaling turnkey Application-Specific Integrated Circuit (ASIC) solutions for clients.
Written by Shivani Singh
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