India · Delayed Price · Currency is INR Cyient DLM Earnings Call Transcripts
Fiscal Year 2027
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Record Q1 performance with 34% revenue growth, 46% EBITDA growth, and highest-ever order book. Aerospace and industrial segments led growth, while new sectors like AI and robotics are set to drive future expansion. Sustained double-digit EBITDA margins and strong international revenue mix.
Fiscal Year 2026
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FY 2026 saw revenue decline due to large order completion and supply chain disruptions, but ended with record order book and improved margins. Management expects strong growth and sustained double-digit EBITDA margins in FY 2027, supported by a robust pipeline and ongoing investments.
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Order momentum remains strong with a healthy book-to-bill ratio and robust order book growth. Despite a year-on-year revenue decline due to a large order completion and temporary customer delays, margins improved and are expected to remain strong, with Q4 and FY 2027 projected to deliver substantial growth.
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Q2 FY26 saw strong order intake, margin expansion, and robust pipeline, despite a 20% YoY revenue decline. Diversification into automotive and B2S segments, improved working capital, and a double-digit EBITDA margin position the company for resumed growth from Q4 FY26.
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Q1 FY26 saw record order intake and improved margins, with revenue up 8% YoY and EBITDA up 25.3%. The business is pivoting to higher-margin sectors, maintaining a book-to-bill ratio above 1x, and expects double-digit EBITDA margins for the year.
Fiscal Year 2025
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Q4 FY25 delivered strong double-digit margins and robust revenue growth, aided by one-off gains and a favorable business mix after the Altek acquisition. The company expects a soft start to FY26 but anticipates margin sustainability and growth as the pipeline converts to orders.
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Q3 saw strong revenue growth from the Altek acquisition, diversifying sector and geographic mix. Margins were impacted by one-off M&A and credit loss provisions, but improvement is expected in Q4 as low-margin business declines. U.S. localization trends and a robust order pipeline support a positive outlook.