Cyient Dlm Limited has informed the Exchange about Transcript
CYIENTDLM · price
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Cyient DLM reported Q1 FY26 revenue of INR 2,784 million, up 8% year-on-year but muted due to a large legacy customer order ending and Middle East conflict-driven supply chain delays. EBITDA grew 25.3% YoY to INR 251 million, with margins improving 125 bps to 9%, driven by a better revenue mix. PAT stood at INR 75 million (2.7% margin), weighed down by amortization of intangibles from the Altek acquisition. Order intake hit INR 515 crores, the highest in 8-10 quarters, lifting order backlog to INR 2,138 million with a book-to-bill ratio of ~1.9. Free cash flow was strong at INR 80 crores, the third consecutive positive quarter. Management reiterated a 30% 5-year revenue CAGR ambition and guided to double-digit EBITDA in FY26, with line of sight to a sustainable 12-13% margin.
Positives: sharp margin expansion, record order book, and robust cash generation point to a stronger H2 FY26. Watchpoints: revenue growth remains soft in the near term, the BEL repeat order timing is uncertain, and management declined to give specific FY26 revenue/margin guidance, which may keep the stock range-bound until execution visibility improves.