Cyient has announced its audited financial results for the quarter and year ended March 31, 2026. Along with reporting its consolidated and standalone performance, the company board has approved a share buyback of 6,400,000 shares at a price of INR 1,125 each, totaling INR 720 crores. Additionally, the company intends to expand its global footprint by establishing a new branch office in the Kingdom of Saudi Arabia.
Financial Performance Summary
For the fiscal year ended March 31, 2026, Cyient reported consolidated revenue of INR 72,682 million. The consolidated net profit for the year stood at INR 4,630 million. On a standalone basis, the company reported annual revenue of INR 23,633 million and a net profit of INR 1,546 million. These results underscore the company’s operational performance throughout a transformative fiscal year.
Strategic Capital Allocation
The Board of Directors has approved a proposal to buy back 6,400,000 shares. Priced at INR 1,125 per share, the total outlay for this buyback is INR 720 crores. This move reflects the company’s focus on returning capital to its shareholders. The buyback process remains subject to necessary shareholder approvals through a postal ballot.
Global Expansion and Leadership
In a strategic push to enhance its international presence, the board has authorized the setup of a new branch office in the Kingdom of Saudi Arabia. Furthermore, the company announced the re-appointment of Mr. B.V.R Mohan Reddy as a Non-Executive, Non-Independent Director. This appointment, acknowledging his continued leadership, will be presented for shareholder approval following his attainment of 75 years of age.
Notes on Acquisitions
The company noted the successful completion of the acquisition of Kinetic Technologies, which was finalized on April 8, 2026. This strategic acquisition, valued at INR 8,002 million, is expected to strengthen Cyient’s capabilities in high-performance analog and mixed-signal integrated circuits, positioning the firm for future growth in the semiconductor sector.
Source: BSE
