Cyient DLM announced its Q3 FY26 results, with revenue at INR 303.3 crores, a -31.7% YoY change. Normalized EBITDA was INR 30.94 crores with a 10.2% margin. Normalized PAT reached INR 13.84 crores, representing 4.6% of revenues. YTD Order Intake is over INR 1,400 crores, an 87% YoY growth.
Q3 FY26 Financial Performance
Cyient DLM reported revenue of INR 303.3 crores for Q3 FY26, a -31.7% decrease compared to the previous year. However, the company’s EBITDA (Normalized) stood at INR 30.94 crores, achieving a 10.2% margin, which is a 207bps improvement year-over-year.
The company’s PAT (Normalized) for Q3 reached INR 13.84 crores, accounting for 4.6% of revenues, reflecting an increase of 73bps YoY. The reported PAT, which includes one-off expenses, is INR 11.2 crores, or 3.7% of revenue.
Year-to-date, the Free Cash Flow stood at INR 754M and Order Intake is over INR 1,400 crores, demonstrating an 87% YoY growth.
Operational Resilience and New Wins
Despite customer slowdowns and temporary one-off items, Cyient DLM demonstrated strong operational resilience, maintaining a sustained double-digit EBITDA margin. This was supported by a healthy revenue mix and a focus on proactive risk identification and mitigation.
During Q3, Cyient DLM secured new program wins across the medical, industrial, aerospace, and mobility sectors, resulting in a total order intake of INR 387 crores. Volume ramp-ups are anticipated in Q4. The company also added two new logos in high-reliability electronics manufacturing, reinforcing its position in the Medical and Industrial segments.
Strategic Focus
Key program wins included engagements with a precision motors major, a medical technology player, and a large industrial OEM. Cyient DLM is building momentum in its B2S business, which began revenue conversion this quarter. The company also received a Risk Mitigation Award from Collins Aerospace.
Management Commentary
Rajendra Velagapudi, MD and CEO of Cyient DLM, stated that the company remains focused on execution, customer value, and operational rigor. The company is addressing near-term challenges and building a foundation for sustainable long-term growth by strengthening its global reach and aligning its business with a more focused go-to-market approach.
Source: BSE
