Cyient DLM (CYIENTDLM) Q1 26/27 earnings summary

Executive summary

• Record Q1 FY27 performance; order book reached INR 25,989 Mn, with INR 551.9 Cr order intake and 1.5x book-to-bill.

• Strategic roadmap prioritizes high-reliability EMS and expansion into AI infrastructure, data centers, robotics, and semiconductor capital equipment.

Financial highlights

• Revenue was INR 3,738 Mn, up 34.3% YoY from INR 2,784 Mn; total income was INR 3,740.65 Mn.

• EBITDA rose 56.2% to INR 392 Mn, with margin expanding 147 bps to 10.5%; PAT increased 118.2% to INR 163 Mn.

• Finance costs declined 29.1% YoY to INR 61 Mn on lower working-capital borrowings; other income included a net forex loss of INR 20.55 Mn.

• Basic and diluted EPS were INR 2.05, versus INR 0.94 a year earlier.

Outlook and guidance

• FY27–29 strategy targets six industries, adding AI data centers and robotics, with 11–13% margins using the existing stack; FY30+ targets 13–18% margins through new platforms and product/IP expansion.

• Growth focus includes power electronics, robotics, AI infrastructure/data centers, and expanded B2S products and platforms; new sectors are expected to support growth and margin expansion over 12–18 months.

• Book-to-bill ratio expected to remain at 1.5x for the year.

• Management expects the value of an investment in an IP communications company to improve as new products launch over the next few years.