Cyient DLM Q2 FY27: revenue up 26.5% to ₹3,931 Mn, order book at record ₹28,137 Mn
Q2 FY27 revenue up 26.5% to ₹3,931 Mn; normalized PAT up 25.8% to ₹158 Mn; order book at record ₹28,137 Mn.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- up 26.5% to ₹3,931 Mn
- Normalized PAT
- up 25.8% to ₹158 Mn
- Order Book
- record ₹28,137 Mn; Q2 book-to-bill of 1.6x
- Period
- Q2 FY27
- Positioning
- Cyient DLM presents itself as a high-reliability EMS provider serving aerospace, defence, industrial and medtech customers, with 93% of revenue from outside India.
📉 Q2 FY27 revenue rose 26.5% YoY to ₹3,931 Mn and EBITDA 9.5% to ₹342 Mn, but EBITDA margin fell 135 bps to 8.7%. Reported PAT of ₹340 Mn includes a one-off earnout reversal of INR 182M; normalized PAT grew 25.8% to ₹158 Mn. H1 FY27 revenue was ₹7,669 Mn, up 30.2%.
📋 The order book reached an all-time high of ₹28,137 Mn with Q2 book-to-bill of 1.6x. Aerospace (47% share) grew 62% YoY and Industrial 29%; Box Build grew 86%, which the company says drives a shift to higher-value integration.
🏭 Management states a three-stage pivot: strengthen today's four industries at ~9-11% margins, expand into robotics, AI data center and semicap equipment in FY27-29 at ~11-13%, and transform via a B2S platform from FY30+ at ~13-18%.
🏭 The company attributes the margin dip to investment in sales, strategy and capabilities plus revenue mix and product development purchases, and cites a global EMS market it sizes at $649 Bn in 2025 as backing for its expansion.
Also from Cyient DLM
Cyient DLM to meet Avener Capital and Carnelian Capital on 27 October 2026
23 Oct 2026
Q2 FY27 call: order backlog INR2,813 crores, book-to-bill over 1.6x, revenue growth above 26%
23 Oct 2026
Grant of 10,000 stock units under RSU 2023 and 2,63,400 options under ASOP 2023 to associates
16 Oct 2026
More numbers
- Revenue, Q2 FY27₹ 3,931 Mn
- Revenue growth YoY, Q2 FY2726.5%
- EBITDA, Q2 FY27₹ 342 Mn
- EBITDA margin, Q2 FY278.7%
- Normalized PAT, Q2 FY27₹ 158 Mn
- Reported PAT, Q2 FY27₹ 340 Mn
- One-off earnout reversal, Q2 FY27INR 182M
- Order book, Q2 FY27₹ 28,137 Mn
- Operation free cash flow, Q2 FY27INR 172Mn
- Revenue, H1 FY27₹ 7,669 Mn
- Normalized PAT, H1 FY27₹ 321 Mn
- Reported PAT, H1 FY27₹ 503 Mn
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