Cyient shares rally 9% after Q2 revenue rises 25%; board declares Rs 12/sh interim dividend

Cyient shares rallied 8.86% to Rs 1,245 during Friday’s trading session after the company reported a 25% year-on-year increase in consolidated revenue for the September quarter of FY27.

The company’s consolidated revenue rose to Rs 2,235 crore in Q2FY27 from Rs 1,781 crore in the corresponding quarter of the previous financial year. However, net profit declined around 8% year-on-year to Rs 132 crore from Rs 143 crore in the year-ago period.

In its earnings release, Cyient said it delivered a strong second-quarter performance, supported by growth in order intake, improved operating performance and robust cash generation. The company also announced an interim dividend of Rs 12 per share (i.e., 240%) on par value of Rs 5 per share for the financial year 2026-27.


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Cyient DET business performance

Cyient’s Digital, Engineering and Technology (DET) segment reported revenue of Rs 1,664 crore in Q2FY27, registering growth of 8.1% quarter-on-quarter and 15.7% year-on-year. Organic revenue growth stood at 2.1% sequentially and 9.3% annually.

The segment’s earnings before interest and taxes (EBIT) rose 16.8% quarter-on-quarter to Rs 237 crore, with an EBIT margin of 14.2%. Profit after tax (PAT) increased 8.7% sequentially, while free cash flow stood at Rs 214 crore, translating into a free cash flow-to-PAT conversion of 139%. Order intake grew 20.8% year-on-year during the quarter.

Management commentary

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director of Cyient, said the group sustained its growth momentum in Q2FY27, supported by record order books and continued investments in future growth opportunities.

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Cyient Semiconductors recorded 8% quarter-on-quarter revenue growth, marking its sixth consecutive quarter of expansion. The business also secured a significant turnkey programme and a major engagement with a global semiconductor company. Meanwhile, its AI data-centre power products remain on track, with research and development investments expected to start contributing to revenue in the next fiscal year.

Cyient DLM also reported a record order book, with a book-to-bill ratio exceeding 1.6 times. Revenue grew more than 26.5% year-on-year in Q2FY27 and over 30% in the first half of the financial year, in rupee terms, supported by growth across key segments, particularly aerospace and industrial.

Looking ahead, the company identified defence, semiconductors and artificial intelligence as key growth opportunities. Management said strong order books, a maturing business pipeline and targeted investments in high-growth areas would help the group navigate near-term industry challenges and support sustainable long-term growth.

Share Price and Technical Indicators

Cyient shares have rallied around 50% over the past three months, taking the company’s market capitalisation to Rs 12,578 crore. The stock’s 52-week high stands at Rs 1,255.

According to Trendlyne’s technical indicators, the stock is currently trading above six of its eight simple moving averages (SMAs), indicating a positive trend across most of these technical benchmarks.

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