Cyient DLM Reports Q4 and Full Year FY26 Results; Maintains Double-Digit EBITDA Amid Market Headwinds

  April 21, 2026::09:34 PM

Hyderabad, January 20, 2026: Cyient DLM, an integrated electronics manufacturing services partner for design-led manufacturing, today announced its financial results for the quarter and full year ended March 31, 2026.

Financial Highlights of Q4 and FY26

• Revenue for Q4 FY26 stood at INR 369.1 crores, marking 21.7% QoQ increase and -13.8% YoY change
• Q4 EBITDA at INR 43.1 crores, with a 11.7% margin, reflecting 148 bps change QoQ and -173 bps change YoY
• PAT for Q4 is at INR 22.4 crores, at 6.1% of revenues, an increase of 153 bps QoQ and -116 bps change YoY.
• Revenue for FY26 stood at INR 1261.5 crores, marking -17% YoY change
• FY26 normalized EBITDA stood at INR 130.2 crores, with a margin of 10.3%, reflecting a YoY improvement of 78 bps.
• Normalized PAT for FY26 stood at INR 56.3 crores, with a margin of 4.5%, reflecting a decline of 41 bps YoY. Reported PAT is INR 73.3 crores, 5.8% of revenue, due to one-off other income in Q2
• Normalized Free Cash Flow for FY26 stood at INR 28.1 crores
• FY26 Order Intake is over INR 1,843 crores, an increase of INR 510.5 crores over last year, with Book to Bill ratio of >1 in all 4 quarters
• We recorded an Order Book of INR 2,416.6 crores, highest over last 8 quarters

FY26 was a year of disciplined execution amid a challenging demand environment. Despite short‐term headwinds, Cyient DLM maintained execution rigor and delivered sustained double‐digit EBITDA margins. Focused operational discipline and improved efficiency resulted in EBITDA and PAT reaching their highest levels over the last four quarters. Profitability was further supported by a reduction in finance costs, driven by lower interest rates and improved working capital management.

During the year, the company also strengthened its long‐term capabilities through successful global quality and ESG audits, alongside continued investments in engineering capabilities and testing infrastructure. The automotive segment gained momentum during the year, marked by the successful clearance of the IATF audit, receipt of the Letter of Confirmation, and commencement of series production across automotive product lines.

The company recorded a Book-to-Bill ratio of 1.5 for the year, and added six new logos during the year. Cyient DLM continued to diversify its order intake, with increasing contribution from Industrial and Medical segments, which together accounted for about 46% of fourth quarter order intake. This diversified order inflow strengthens the company’s medium‐term growth outlook.

During the year, Cyient DLM received multiple recognitions from customers and industry bodies for manufacturing excellence, engineering rigor, and export performance. At the Integrated Electronics Manufacturing Interconnection (IEMI) 2026 event, our team earned global acclaim from the Global Electronics Association (previously IPC), and also achieved top honours in the fiercely contested hand soldering championship for wire harnesses, where our participant emerged victorious among a field of international competitors. We were awarded the Risk Mitigation Award from Collins Aerospace, the National Export Excellence Award from ESC for the second consecutive year, and the Best Performer – Electronic Hardware Exports award in the Tier II and Tier III category from STPI. These accolades underscore our dedication to excellence and are a testament to the ongoing investments we make in quality, training, and process maturity.

Looking ahead to FY27, the company remains focused on operational excellence, margin improvement, and deepening strategic customer relationships, supported by a strong pipeline and continued investments in capabilities and go-to-market strength. Over the longer term, the company aims to transform its business model by developing products and platforms, strengthening product‐led capabilities, and forging technology partnerships, creating new strategic growth levers beyond traditional EMS offerings.

About Cyient DLM

Cyient DLM (Estd: 1993, NSE: CYIENTDLM) is a leading Integrated Electronics Manufacturing Solutions provider that offers Design Led Manufacturing (DLM) solutions to customers. We take ownership of design, manufacturing, testing, precision machining and certification support to ensure that customers' products meet robust reliability, safety and performance standards. We have expertise in safety-critical electronics in highly regulated industries. With a global presence and a strong commitment to delivering value-driven solutions, the company has been instrumental in transforming businesses through innovation and technology.

For more information, please visit www.cyientdlm.com

Reshma Nair 20:20 MSL reshma.nair@2020msl.com	Pooja Jamwal Cyient DLM Pooja.Jamwal@cyientdlm.com
Joshika RV 20:20 MSL joshika.rv@2020msl.com	Phalguna Hari Jandhyala Cyient Phalguna.Harijandhyala@cyient.com