Cyient DLM Ltd

CSR Committee Reconstitution

• Board approved reconstitution of the CSR Committee; Jehangir Ardeshir appointed Chair (Non-Executive Independent).
• Members: B.V.R Mohan Reddy (Non-Executive Director) and Velagapudi Rajendra (MD & CEO).

Financial highlights

• Q2 FY27 revenue of INR 393.1 crore, up 26.5% YoY.
• EBITDA INR 34.2 crore with 8.7% margin.
• Normalized PAT INR 15.82 crore, margin 4.0%.
• Reported PAT INR 34.0 crore, includes one-off gain INR 18.2 crore.
• Order Book at INR 2,813.7 crore, up 214.8 crore QoQ; all-time high.
• Free cash flow INR 17.2 crore in Q2 FY27.
• Order intake grew 11% QoQ and 15.4% YoY; three new logos.
• Integrated Altek Electronics; renamed Cyient DLM Electronics Inc.
• Outlook positive; focus on AI, data centers, robotics, semiconductors.

Board actions

• Approved unaudited standalone and consolidated results for Q2 and half-year ended Sep 30, 2026.
• Appointed Sandip Mishra as Senior VP & Chief Human Resources Officer.
• Approved grant of 10,000 RSU units and 263,400 ASOP options to associates.

Business overview

• EMS provider focusing on high-value electronics Build-to-Spec, expanding into AI, robotics, semiconductors.
• Strategic pivot targets margins expanding from 9–11% toward 13–18%.
• Integrated Altek Electronics; broadened global footprint.

Operational highlights

• Q2 FY27 revenue ₹3,931 Mn, up 26.5% YoY.
• Order book at ₹28,137 Mn; Box Build up 86% YoY.
• Altek integration completed and renamed Cyient DLM Electronics Inc.
• New logos added across core and growth areas.

Financial performance

• Q2 FY27 EBITDA ₹342 Mn; margin 8.7%.
• Q2 FY27 Normalized PAT ₹158 Mn; margin 4.0%.
• Q2 FY27 Reported PAT ₹340 Mn; margin 8.7%.
• H1 FY27 revenue ₹7,669 Mn; up 30.2% YoY.
• H1 FY27 Normalized PAT ₹321 Mn; 4.2% margin; Reported PAT ₹503 Mn; 6.6% margin.
• Finance cost declined YoY; lower working capital borrowings aided.
• Tax increased YoY; forex impact noted in other income.

Capital structure & liquidity

• Finance costs declined due to lower working capital borrowings.
• One-off earnout reversal impacted other income in prior/current quarters.

Strategic priorities & outlook

• Pursue margin expansion to 13–18% over time.
• Expand into AI/data-center infrastructure, robotics, and semiconductor capital equipment.
• Strengthen Build-to-Spec and Electronics Products capabilities.

Risks & governance

• One-off earnout reversals affect reported PAT; forex in other income.
• Growth investments required to sustain momentum.

Governance & leadership

• Presenters: Chairman Krishna Bodanapu; CEO Rajendra Velagapudi; CFO Subramanian RM.

Cyient DLM Limited trading window closed from 01 October 2026 up to 48 hours of dissemination of the financial results for the quarter ended 30 September 2026

Name change of US step-down subsidiary

• US step-down subsidiary renamed from Altek Electronics, Inc. to Cyient DLM Electronics Inc.
• Ownership, operations, assets, liabilities, contracts, and legal status remain unchanged.

Meeting Details

• Date and time: 15 September 2026, 11:00 AM–12:00 PM, virtual.
• Organizer: Citi; purpose: investor/analyst meet; company reps: CFO and AVP.

Meeting Details

• Date and time: 11 September 2026, 03:00 PM–04:00 PM
• Type and mode: group investor/analyst meeting, virtual
• Organizer: Bajaj Alternate Investment Management Ltd
• CYIENT DLM representation: MD & CEO; AVP
• Purpose: investor/analyst meeting

Meeting Details

• Date: 07 September 2026.
• Time: 11:00 AM – 12:00 PM.
• Type: Analyst/Investor Meet.
• Company/Fund: Ask Investment.
• CYIENT DLM representation: MD & CEO; AVP.
• Mode: Virtual.

Meeting Details

• Date and time: 03 September 2026, 11:00 AM–02:30 PM.
• Type and mode: Group in-person investor meet with plant visit.
• Organiser: Aditya Birla.
• CYIENT DLM representation: AVP from CYIENT DLM.
• Purpose: Analyst/Investor meet; general investor interaction.