Cyient announced its Q2 FY26 financial results, showcasing its sustained growth momentum across key segments. The company emphasizes its robust cash position and readiness for continued growth. Cyient Semiconductors delivered strong results and the DET business saw notable deal wins. The company also reported key leadership additions and strategic initiatives for future growth.
Cyient’s Q2 FY26 Financial Performance
Cyient announced its financial results for the second quarter of fiscal year 2026. Key highlights include sustained growth and strategic initiatives driving future performance. The company noted strong execution and resilience despite macroeconomic uncertainties.
Financial Highlights for DET
The DET (Design, Engineering, and Technology) business saw positive results:
- Revenue: $164.4 million
- Revenue Growth (QoQ, cc): +0.5%
- EBIT Margin: 12.2%
- PAT Margin: 9.5%
DET’s cash conversion remains strong, with Free Cash Flow to PAT conversion at 114% for Q2.
Group Financial Highlights
- Revenue: $203.5 million
- EBIT Margin: 9.4%
- PAT Margin: 8.3%
Business Segment Highlights
Cyient Semiconductors experienced a strong rebound with 12% growth in Q2. This reflects a renewed focus on execution and customer momentum.
Cyient DLM secured momentum in Build-to-Spec orders and expanded into the automotive sector, winning an electric charging systems manufacturing contract.
Strategic Initiatives and Leadership
Cyient is focusing on transformation through key pillars:
- Market Impact
- Technology Adoption
- Organizational Effectiveness
New leaders have been onboarded across critical roles, including the appointment of a new Chief Marketing Officer and Head of Technology Delivery.
Investments and Innovation
Cyient launched the Cyient Al Lab for Schools, empowering over 25,000 students across 50 government schools with hands-on learning in Al, STEM, and robotics. The company focuses on democratizing access to technologies and digitally skilled talent.
Source: BSE
