Cyient Q2 FY27: DET revenue up 15.7% YoY to ₹1,664 Cr with EBIT margin at 14.2%; record order books at DLM and semiconductors
DET Q2 FY27 revenue ₹1,664 Cr, up 15.7% YoY; EBIT margin 14.2%, up 206 bps YoY; group revenue ₹22,350 Mn.
By ScoutQuest · · 1 min read
- DET Q2 FY27 revenue
- ₹1,664 Cr, up 15.7% YoY
- EBIT margin
- 14.2%, up 206 bps YoY
- Group revenue
- ₹22,350 Mn
- Period
- Q2 FY27
- Positioning
- Cyient presents itself as a group spanning engineering and technology (DET), semiconductors (Cyient Semiconductors) and electronics manufacturing (Cyient DLM), offering engineering, silicon, manufacturing and lifecycle support.
📉 DET operating revenue was ₹16,642 Mn (US$174.2 Mn) in Q2 FY27, up 15.7% YoY in rupees but only 0.4% YoY in organic constant currency. EBIT margin was 14.2% against 12.2% a year earlier, and normalised PAT was ₹1,535 Mn. At group level, revenue was ₹22,350 Mn with EBIT margin of 10.2%, while normalised PAT after minority interest fell to ₹1,214 Mn from ₹1,275 Mn.
📈 Cyient Semiconductors grew revenue 8% QoQ, its sixth consecutive quarter of sequential growth, and ASIC order intake grew 50% QoQ. Cyient DLM grew revenue 26.5% YoY with a 1.6x book-to-bill. Management says DET recorded its highest-ever Q2 order intake, US$158 Mn, up 20.8% YoY.
📈 Management states that Defense, semiconductors and AI offer the highest growth opportunities, and that it will pursue them as a group with an end-to-end offering. The company says AI data-center power products are on track and expects them to start generating revenue next fiscal year. It says the TAO Digital acquisition strengthens its platform software and data engineering capabilities.
🏭 The group balance sheet expanded after the acquisition. Goodwill rose to ₹42,411 Mn and long-term borrowings to ₹22,506 Mn, from ₹7,668 Mn in Q1. Management flags that memory shortages and supply constraints may weigh on near-term semiconductor growth, and that sales investments affect DLM margins.
Also from Cyient
Cyient stock surged 5-7% after delivering a beat on margins and revenue in a strong second quarter led by digital engineering and technology business growth; Kotak Institutional Equities issued an 'Add' rating with a…
23 Oct 2026
Cyient makes available recording of Q2 FY27 earnings conference call held 22 October 2026
23 Oct 2026
Cyient reported highest engineering and services margins in 10 quarters and highest ever order intake in Q2
23 Oct 2026
More numbers
- DET revenue, Q2 FY271,664 Cr₹
- DET revenue growth YoY, Q2 FY27+15.7%
- DET EBIT margin, Q2 FY2714.2%
- DET PAT, Q2 FY27153Cr₹
- DET FCF, Q2 FY27214 Cr₹
- Group operating revenue, Q2 FY2722,350 (₹ Mn)
- Group EBIT margin, Q2 FY2710.2%
- Group PAT after MI (normalised), Q2 FY271,214 (₹ Mn)
- Cyient DLM revenue growth YoY, Q226.5%
- Semiconductors revenue growth QoQ, Q28%
- Group long-term borrowings, Q2 FY2722,506 (₹ Mn)
- Interim dividend per share₹12
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.