Cyient Board Approves ₹720 Crore Share Buy-Back Amid Strong FY26 Performance
Cyient Limited, a global Intelligent Engineering and Technology Solutions company, announced its financial results for the quarter and year ended March 31, 2026, alongside the board's approval for a substantial share buy-back.The company reported that its DET Revenue for the fiscal year ended 2026 reached INR 5,819 crores, marking a 5.5% year-on-year growth. Profit After Tax (PAT) showed a year-on-year increase of 7.2%, reaching INR 588 crores.
Cyient also announced that its Board of Directors approved a proposal to buy back equity shares for an aggregate consideration not exceeding ₹720 crore. The buy-back will be conducted through a tender offer at a price of ₹1125 per equity share.
Financial Highlights
The company's financial performance shows solid growth across the fiscal year and quarter. Key financial metrics are detailed below:| Metric | Q4 FY26 | FY26 |
|---|---|---|
| DET Revenue | INR 1,500 crores (7.4% YoY) | INR 5,819 crores (5.5% YoY) |
| DET EBIT | INR 185 crores (12.4% margin) | INR 712 crores (12.2% margin) |
| DET PAT | INR 138 crores (9.1% YoY de-growth) | INR 588 crores (7.2% YoY growth) |
| DET FCF | INR 226 crores (163.1% of Normalised PAT) | INR 731 crores (124.3% of Normalised PAT) |
Note: DET segments' EBIT and PAT for Q4 FY26 and FY26, respectively, are normalised metrics, excluding M&A expenses (₹71 Cr) and gratuity true up (₹40 Cr) due to New Labour Codes.
Management Commentary
Krishna Bodanapu, Executive Vice Chairman and Managing Director, stated that Cyient Group sustained its growth momentum in FY26, delivering results in line with expectations across key segments. He noted that the strong cash flow and cash position provide confidence to invest in the business and return value to shareholders.Bodanapu also highlighted Cyient Semiconductors' strong fourth quarter, reporting revenues of $7.2Mn, which marks the company's fourth consecutive quarter of Quarter-over-Quarter (QoQ) growth. He stated that the board has agreed in principle to explore a market fundraise through a mix of debt and/or equity as Cyient enters FY27.
Speaking on the buy-back, Bodanapu reiterated that the Board of Directors believes the intrinsic value of the business is not fully reflected in the current market price.
Sukamal Banerjee, Executive Director and Chief Executive Officer, emphasized that FY26 was characterized by Stabilization and Transformation. Banerjee noted that Cyient DET concluded the year with positive YoY growth in order intake across all businesses in the second half of the year, citing key wins in technology services and core markets.
He remarked that Cyient's focus involves deepening its digital and AI capabilities and improving operational effectiveness. "What will win is layering AI and digital technologies on top of deep domain knowledge and human expertise. That is exactly what differentiates Cyient," Banerjee said.
Cyient, established in 1991, delivers intelligent engineering solutions across products, plants, and networks for over 300 global customers, including 30% of the top 100 global innovators.
CYIENT Stock Price Movement
Cyient Limited shares shed 2.80% today, closing at ₹935.9 in post-market trading. The stock processed a noticeable volume of 230,018 shares, signaling a sell-off through the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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