Cyient DLM Limited announced robust financial results for the quarter ended September 30, 2025, highlighting resilient profitability and strong order momentum despite softer revenues.
The company reported revenue of INR 311 crore for Q2 FY26, marking an 11.6% sequential increase but a 20.2% decline year-on-year, largely due to the completion of a major order from the prior fiscal period. EBITDA stood at INR 31.2 crore, maintaining a steady 10% margin, up 24.4% quarter-on-quarter and down 1.4% year-on-year.
Normalized PAT came in at INR 12.6 crore, reflecting 68% QoQ growth, while reported PAT surged to INR 32.2 crore, up 108% YoY, aided by a one-time gain from fair valuation of earnout liabilities.?
Cyient DLM also reported a free cash flow of INR 27 crore for the quarter, demonstrating consistent cash generation for the fourth consecutive quarter. The company’s H1 FY26 order intake exceeded INR 1,000 crore, representing a 130% year-on-year increase, underscoring strong demand across its key sectors.?
During the quarter, Cyient DLM added two strategic customers—a Japanese eVTOL company focused on next-generation mobility and an EV charging solutions provider—both reinforcing the company’s expansion into the rapidly growing electric mobility ecosystem. The company also won multiple Build-to-Spec (B2S) projects, strengthening its role in end-to-end product realization from design to manufacturing.?
The company’s Box-Build solutions segment continued to contribute meaningfully from global markets beyond India, with operational resilience supported by improved material cost ratios and supply chain efficiencies.
Cyient DLM is actively enhancing its B2S capabilities with advanced design, testing, and certification competencies, enabling it to meet high-reliability requirements in aerospace, industrial, and medical sectors.?
Cyient DLM intends to diversify further across industries, align business development with engineering and delivery functions under a sharper go-to-market strategy, and leverage its strong presence in India and the U.S. to expand global reach.
Leadership Comments
Rajendra Velagapudi, Managing Director and CEO of Cyient DLM, commented, “Our profitability has improved significantly this quarter, reflecting disciplined execution and strategic choices. We continue to strengthen our capabilities, expand our customer base, and build a robust pipeline. The 130% year-on-year growth in H1 order intake and large deals in advanced stages position us well for sustained growth going forward.”?
