Q3 FY26: Revenue and profit decline; Singapore arm impairment, Kinetic Tech acquisition
CYIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Smallcap 250 and 2.2 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cyient posted Q3 FY26 revenue of about 1,849 crore rupees, down 4% year-on-year, with net profit at 92 crore rupees (vs 122 crore rupees) after a 42 crore rupee Labour Codes charge. For 9 months, profit dropped to 373 crore rupees (vs 461 crore rupees), with standalone swinging to a 146 crore rupee loss due to a 242 crore rupee Singapore subsidiary impairment. Separately, the Semiconductors arm agreed to acquire Kinetic Technologies for about 836 crore rupees.
Revenue and profit declines plus the Singapore subsidiary impairment may weigh on sentiment; Semiconductor acquisition and restructuring offer offsets.