Cyient Limited has informed the Exchange about Transcript

Cyient reported Q1 FY26 revenue of $162.7 million (INR 1,393 crores), up 0.9% quarter-on-quarter and 1% year-on-year in US dollar terms, with constant-currency growth of -1.5% QoQ and flat YoY. EBIT margin came in at 12%, down 63 basis points QoQ, mainly due to the first tranche of wage hikes. DET PAT grew 7.4% QoQ and 30% YoY to INR 163 crores, supported by an FX tailwind. Free cash flow was strong at INR 200 crores (125% FCF/PAT conversion), and group cash rose by about INR 262 crores QoQ. The company completed the carve-out of its Semiconductor business into a fully owned subsidiary and reorganised reporting into four segments: DET, DLM (52% owned), Semiconductor, and Others. Notable wins included a $23 million APAC wireless deal, a Vodafone VISMON selection, and a Deutsche Aircraft D328eco design-to-manufacturing deal, with 14 new logos added. Management reaffirmed the medium-term goal of 15% DET EBIT margin but maintained its no-guidance stance for the rest of FY26, calling the current phase one of stabilisation.