Board approves Rs. 12 interim dividend and full ownership of CSSPL; Q2 and H1 results reviewed
Interim dividend of Rs. 12/- per equity share (240%) on face value of Rs. 5/-, totalling ₹ 1,257 Mn.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 22,350 | 17,810 | +25.5% | 20,757 | +7.7% |
| Total income | 22,436 | 18,310 | +22.5% | 20,826 | +7.7% |
| Profit before tax | 1,967 | 1,966 | +0.1% | 1,711 | +15% |
| Profit after tax | 1,325 | 1,429 | −7.3% | 1,087 | +21.9% |
| Total comprehensive income | 2,060 | 1,826 | +12.8% | 1,455 | +41.6% |
| Basic EPS | 11.54 | 11.55 | −0.1% | 9.42 | +22.5% |
- Profit after tax YoY
- 1,429 (−7.3%)
- Period
- Quarter Ended 30-Sep-26
Also decided at the meeting
- Declared interim dividend of Rs. 12/- per equity share (240%) on par value of Rs. 5/-, aggregating ₹ 1,257 Mn; record date fixed (date not printed).
- Reconstituted Audit, Risk Management, Stakeholders Engagement and ESG Committees (Annexure B).
- Approved acquisition of remaining 49% stake in Cyient Solutions and Systems Private Limited, making it a wholly owned subsidiary.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Acquired 82.9% stake in Kinetic Technologies on April 8, 2026 for ₹ 7,910 Mn (US$ 85 Mn); net purchase consideration ₹ 6,887 (US$ 74 Mn); goodwill ₹ 4,654 Mn.
- Acquired 100% of TAO Digital Solutions Inc. for ₹ 21,563 Mn ($228 Mn), consolidated from September 3, 2026; goodwill ₹ 17,238 Mn.
- Foreign exchange loss of ₹ 292 Mn on net investment hedge (ECB and TAO earnout) recognised in other comprehensive income.
- Buyback of up to 6,400,000 shares at ₹ 1,125 per share (aggregate not exceeding ₹ 7,200 Mn) completed; shares extinguished July 15, 2026.
What the board decided
Cyient Ltd's board met on 22 October 2026 and approved several items together.
- Un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
- Declaration of an interim dividend of Rs. 12/- per equity share, equal to 240% of the face value of Rs. 5/- per share. The total payout is stated at ₹ 1,257 Mn.
- Acquisition of the remaining 49% stake in Cyient Solutions and Systems Private Limited (CSSPL), after which CSSPL becomes a wholly owned subsidiary of the company.
- Reconstitution of the Audit Committee, Risk Management Committee, Stakeholders Engagement Committee and Environment, Social & Governance Committee.
The results in one place
All figures below are as printed in ₹ in Millions and are un-audited.
- Consolidated "Revenue from contracts with customers": 22,350 for the quarter and 43,107 for the half year.
- Consolidated "Net Profit for the period/year": 1,325 for the quarter and 2,412 for the half year.
- Standalone results were also approved alongside the consolidated numbers.
A company reports standalone (the parent on its own) and consolidated (parent plus subsidiaries) figures. The consolidated number is the wider picture of the whole group.
Auditor's conclusion
S.R. Batliboi & Associates LLP reviewed both the standalone and the consolidated statements. Both review reports say that nothing came to the auditors' attention that causes them to believe the statements contain a material misstatement or fail to disclose what the listing rules require. Simply put, a clean review conclusion. A review gives moderate assurance and is narrower in scope than a full audit.
Context from the notes
- Two acquisitions were completed during the period, Kinetic Technologies and TAO Digital Solutions, and the notes say current period numbers may not be strictly comparable with earlier periods because of acquisitions during the period.
- A buyback of the company's equity shares was also completed, with the accepted shares extinguished in July 2026.
What a reader can take away
- A cash payout has been declared, and the amount per share and the total are stated in the update.
- A majority-owned subsidiary is set to become fully owned.
- The auditor's review conclusion carries no qualification, emphasis of matter or going-concern doubt.
How much any of this matters to you depends on your own reading and holdings; the figures above are what the update states.
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More numbers
- Interim dividend per equity shareRs. 12/-
- Interim dividend as % of face value240%
- Total interim dividend outgo₹ 1,257 Mn
- Remaining stake acquired in CSSPL49%
- Consolidated Revenue from contracts with customers, half year (₹ in Millions)43,107
- Consolidated Net Profit for the period/year, half year (₹ in Millions)2,412
- Total income, latest quarter22,436 (₹ in Millions)
- Total income, year-ago quarter18,310 (₹ in Millions)
- Total income, previous quarter20,826 (₹ in Millions)
- Total comprehensive income, latest quarter2,060 (₹ in Millions)
- Total comprehensive income, year-ago quarter1,826 (₹ in Millions)
- Total comprehensive income, previous quarter1,455 (₹ in Millions)
- Profit after tax, latest quarter1,325 (₹ in Millions)
- Profit after tax, year-ago quarter1,429 (₹ in Millions)
- Profit after tax, previous quarter1,087 (₹ in Millions)
- Revenue from operations, latest quarter22,350 (₹ in Millions)
- Revenue from operations, year-ago quarter17,810 (₹ in Millions)
- Revenue from operations, previous quarter20,757 (₹ in Millions)
- Profit before tax, latest quarter1,967 (₹ in Millions)
- Profit before tax, year-ago quarter1,966 (₹ in Millions)
- Profit before tax, previous quarter1,711 (₹ in Millions)
- interim_dividend_per_shareRs. 12/- per equity share
- interim_dividend_aggregate₹ 1,257 Mn
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