Cyient Limited reported Q1 FY27 results with revenue at $219 million, a 4.5% sequential increase and 9.1% year-on-year in constant currency. DET segment revenue was $162.5 million, down 0.5% sequentially. EBIT margin improved to 13.2% driven by cost optimization and a stronger USD. The company also provided updates on the TAO Digital Solutions acquisition and detailed segment performance.
Cyient Reports Q1 FY27 Performance
Cyient Limited announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), concluding on June 30, 2026. The company reported group revenue of $219 million, marking a 4.5% increase sequentially and a 9.1% rise year-on-year in constant currency. In INR terms, group revenue was Rs.2076 Crores, up 7.7% quarter-on-quarter and 21.3% year-on-year.
Segment Performance Highlights
The DET (Digital, Engineering, and Technology) segment reported Q1 revenue of $162.5 million. This represents a 0.5% sequential decline and a 0.9% decrease year-on-year in constant currency. In INR, DET revenue was Rs.1540 Crores, up 2.7% quarter-on-quarter and 10.6% year-on-year. The EBIT margin for DET improved by 79 basis points sequentially and 114 basis points year-on-year to 13.2%.
Semiconductor and DLM Updates
The semiconductor business, which now includes Kinetic Technologies, saw its first quarter of consolidation. The combined revenue from Cyient and Kinetic Technologies was $17.9 million. The organic semiconductor business grew 5% quarter-on-quarter. The company also provided an update on the custom ASIC business with a pipeline of over $100 million and advancements in compound semiconductor initiatives, including seven new GaN powered chips. Cyient DLM reported its highest ever order book, supported by strong order inflow and a book-to-bill ratio exceeding 1.5. It also achieved sustained double-digit EBITDA margins for four consecutive quarters.
Financial and Strategic Developments
Cyient successfully completed its share buyback program, extinguishing 6.4 million equity shares. The company also announced significant progress on the acquisition of TAO Digital Solutions, with closing expected by August 2026. A financing agreement was signed with EAAA at a post-money valuation of $500 million, with $30 million of fresh capital raised. The company anticipates its EBIT target of 15% might be achieved slightly later than previously planned, possibly in H1 of next year.
Outlook and Investor Day
Management expressed optimism about the future, citing strong order book momentum and ongoing efforts in cost optimization and strategic investments. An Investor Day is scheduled for August 25, 2026, in Mumbai, where detailed discussions on strategy and growth priorities will take place.
Source: BSE
