Cyient DLM Reports Q4 and Full Year FY26 Results, Maintains Double-Digit EBITDA Amid Market Headwinds
Hyderabad, April 21, 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. The company reported strong operational discipline, sustaining double-digit EBITDA margins despite current market headwinds.Financial Performance Highlights
The financial results for Q4 FY26 and the full year FY26 indicate mixed performance across various metrics.| Metric | Q4 FY26 | Full Year FY26 | Notes |
|---|---|---|---|
| Revenue | INR 369.1 crores | INR 1261.5 crores | Q4 marks 21.7% QoQ increase and -13.8% YoY change. FY26 marks -17% YoY change. |
| EBITDA | INR 43.1 crores | INR 130.2 crores (Normalized) | Q4 margin was 11.7%. Normalized FY26 margin was 10.3%, showing a 78 bps YoY improvement. |
| PAT | INR 22.4 crores | INR 56.3 crores (Normalized) | Q4 PAT was 6.1% of revenues. Normalized FY26 margin was 4.5%, reflecting a 41 bps YoY decline. |
| Order Book | N/A | INR 2,416.6 crores | Highest recorded level in the last 8 quarters. |
| Order Intake | N/A | Over INR 1,843 crores | An increase of INR 510.5 crores over last year. |
The company reported a Book-to-Bill ratio of 1.5 for the year and maintained a Book-to-Bill ratio exceeding 1 in all four quarters of the fiscal year.
Operational and Strategic Updates
Cyient DLM noted that FY26 was marked by disciplined execution within a challenging demand environment. The focus on operational discipline and improved efficiency contributed to EBITDA and PAT reaching their highest levels over the last four quarters. Profitability was further supported by a reduction in finance costs due to improved working capital management and lower interest rates.During the fiscal year, the firm also expanded its market reach and capabilities. The automotive segment showed renewed momentum following the successful clearance of the IATF audit, receipt of the Letter of Confirmation, and the commencement of series production across multiple automotive product lines.
The company also reported a significant expansion in its client base, adding six new logos during the year. Order intake diversification strengthened the medium term growth outlook, with the Industrial and Medical segments collectively accounting for about 46% of the fourth quarter order intake.
Industry Recognition and Future Outlook
Cyient DLM received multiple recognitions from industry bodies and customers for manufacturing excellence, engineering rigor, and export performance. At the Integrated Electronics Manufacturing Interconnection (IEMI) 2026 event, the team gained global acclaim from the Global Electronics Association (previously IPC) and achieved top honors in the hand soldering championship for wire harnesses. Additionally, the company was awarded the Risk Mitigation Award from Collins Aerospace and the National Export Excellence Award from ESC for the second consecutive year.Looking forward to FY27, Cyient DLM aims to maintain focus on operational excellence, margin improvement, and deepening strategic customer relationships. Over the long term, the company plans to transform its business model by developing products and platforms, strengthening product-led capabilities, and forging technology partnerships to create strategic growth levers beyond traditional Electronics Manufacturing Services (EMS) offerings.
CYIENTDLM Stock Price Movement
Today, Cyient DLM Limited shares edged higher to close at ₹357.8, gaining 4.11% in after-hours trading. The stock settled today on a robust volume of 831,912 shares.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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