Cyient DLM Ltd — earnings calls

Cyient DLM reported Q1 FY27 revenue of INR3,738 million, up 34.3% year-on-year, with EBITDA growing 56.2% to INR392 million and EBITDA margin expanding to 10.5%. Profit after tax more than doubled to INR163 million, and the company closed the quarter with a record order book of INR25,989 million and a book-to-bill ratio of 1.5x. Management discussed a phased strategy of strengthening, expanding and transforming the business, including new focus areas in AI data centres, robotics and semiconductor capital equipment.

Cyient DLM reported Q4 FY26 revenue of INR3,691 million, down 13.8% year-on-year, with EBITDA margin at 11.7% and PAT margin at 6.1%, both the highest of the year. For full year FY26, revenue declined 17% year-on-year to INR12,615 million while the order book closed at a record INR24,166 million, up INR5,105 million from the prior year. Management attributed the revenue decline to a large order completion in FY25, West Asia crisis-related supply chain disruptions, and delayed customer approvals, while citing a book-to-bill ratio of 1.5x for the year as support for FY27 growth.