Cyient Board Approves ₹720 Crore Share Buy-Back

DET FY26 Revenue up 5.5% in INR terms, PAT up 7.2% year-on-year

Hyderabad, April 23, 2026: Cyient, a global Intelligent Engineering and Technology Solutions company, announced its financial results for the quarter and year ended March 31, 2026.

Financial Highlights for Q4 FY26

• Cyient DET* Revenue at INR 1,500 crores, with QoQ growth of 0.8% and YoY growth of 7.4%

• Cyient DET* CC Revenue de-growth at 2.4% QoQ and at 1.5% YoY

• Cyient DET* EBIT** of INR 185 crores, with a margin of 12.4%

• Cyient DET* PAT** at INR 138 crores, with YoY de-growth of 9.1%

• Cyient DET* FCF at INR 226 crores, FCF to Normalised PAT conversion 163.1%

Financial Highlights for FY26

• Cyient DET* Revenue at INR 5,819 crores, YoY growth of 5.5%

• Cyient DET* CC Revenue de-growth at 0.7% YoY

• Cyient DET* EBIT** of INR 712 crores, with a margin of 12.2%

• Cyient DET* PAT** at INR 588 crores, with YoY growth of 7.2%

• Cyient DET* FCF at INR 731 crores, FCF to Normalised PAT conversion 124.3%

*Cyient DET (Digital, Engineering, and Technology) segment
**Q4FY26 DET EBIT & PAT normalised metric excludes the impact of M&A expenses (₹71 Cr).
**FY26 DET normalised metric excludes the impact of M&A expenses (₹71 Cr) & gratuity true up (₹40 Cr) due to the New Labour Codes.

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “In FY26, Cyient Group sustained its growth momentum, with sequential QoQ growth, delivering results in line with expectations across key segments. Our strong cash flow and cash position gives us the confidence to invest in the business as well as return value to shareholders.

Cyient Semiconductors delivered a strong Q4 with revenues of $7.2Mn, marking our fourth consecutive quarter of QoQ growth. We have built a strong foundation across high end services, turnkey ASICs, and proprietary application specific products – positioning us as India’s largest custom chip company. As we enter FY27, the Board has agreed in principle to explore a market fundraise through a mix of debt and/or equity to support growth, and I am confident that disciplined execution and our strong leadership, IP, and pipeline will continue to propel our trajectory.”

Speaking on the buyback, Krishna said, “The Board of Directors trust the fundamentals of our business and believe that its intrinsic value is not reflected in the current market price and hence have approved a proposal for buy back of equity shares, through a tender offer at a price of ₹1125 per equity share, for an aggregate consideration not exceeding ₹720 crore. While we are making a buyback, we are confident that we will have strong cash flow to invest in future growth. 

I am confident that with the leadership team, a scalable and resilient operating model, and a value-driven culture, we remain focused on driving profitable growth and long-term value creation.”

Sukamal Banerjee, Executive Director and Chief Executive Officer, Cyient, said, “FY26 has been a year of Stabilization & Transformation. Cyient DET ended the year with a positive YoY growth in order intake across all our businesses in H2. We have won several notable deals this quarter, including key wins in the technology services and core markets. We also achieved significant QoQ and YoY growth in Transportation and Mobility.

Behind the numbers is a deliberate focus on three strategic initiatives - market impact, technology adoption, and organizational effectiveness. Over the last year, we have sharpened our go-to-market approach, deepened our digital and AI capabilities, and improved how we operate as a business. This quarter’s revenue reflects the broader market environment, but the business fundamentals are sound. New order wins, consistent delivery, and a focused portfolio are in the right direction.

We are building to be a more integrated, more relevant, and more valuable engineering lifecycle partner for our customers. Our strength has always been domain expertise, and that endures. What will win is layering AI and digital technologies on top of deep domain knowledge and human expertise. That is exactly what differentiates Cyient.”

About Cyient
Cyient (Estd: 1991, NSE: CYIENT) delivers intelligent engineering solutions across products, plants, and networks for over 300 global customers, including 30% of the top 100 global innovators. As a company, Cyient is committed to designing a culturally inclusive, socially responsible, and environmentally sustainable tomorrow together with our stakeholders.

For more information, please visit www.cyient.com
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