Cyient Limited announced its Q2 FY27 results, showcasing robust performance with a 7.5% quarter-over-quarter revenue increase to $174.2 million. The company achieved its highest EBIT margin in 10 quarters at 14.2%. The TAO Digital acquisition contributed to the growth, and the company remains focused on integrating this acquisition and driving organic growth.
Cyient Reports Strong Q2 FY27 Performance
Cyient Limited has announced its financial results for the second quarter of fiscal year 2027 (Q2 FY27), highlighting significant growth and improved profitability. The company reported a consolidated revenue of $174.2 million, marking a 7.5% increase quarter-over-quarter and a 6.3% rise year-over-year in constant currency. This performance includes one month of revenue from the recent TAO Digital acquisition.
Key Financial Highlights
On an organic basis, Cyient’s revenue grew 1.6% sequentially and 0.4% year-over-year in constant currency. The company’s EBIT margin for the quarter stood at a strong 14.2%, up 107 basis points quarter-over-quarter and 206 basis points year-over-year. This represents the highest EBIT margin achieved in the last 10 quarters. Group EBIT margin was reported at 10.2%.
Strategic Acquisitions and Integration
The TAO Digital acquisition, which closed during the quarter, is noted as contributing to the revenue and profit. The company is focused on integrating TAO Digital and continuing its cost optimization efforts to drive further margin expansion. The acquisition of Kinetic, part of the Semiconductor segment, is also in its second quarter of consolidation.
Order Intake and Future Outlook
Cyient recorded its highest ever Q2 order intake at $158.4 million, up nearly 21% year-over-year. The company expressed confidence in sustained growth for the second half of the year, supported by a strong order book and pipeline. Management is focusing on execution and delivering exemplary outcomes, adhering to its brand promise of ‘Nothing Less’.
Segment Performance Insights
The Semiconductor business showed strong quarterly performance with revenue up 8% quarter-on-quarter, reaching $19.3 million. The company continues to invest in product development for high voltage and low voltage products. The DLM business also delivered a strong quarter, with order momentum sustained for six consecutive quarters and a book-to-bill ratio exceeding 1.6 times.
Source: BSE
