Business Economy


Cyient DLM Q2 revenue grows 26.5 pc to Rs 393 crore; order book at record high

Hyderabad, Oct. 15 (UNI) Cyient DLM , an integrated electronics manufacturing solutions partner for Design-Led Manufacturing, on Thursday reported a 26.5 per cent year-on-year growth in revenue at Rs 393.1 crore for the second quarter of FY27, while normalised profit after tax (PAT) increased 25.8 per cent to Rs 15.82 crore.
EBITDA rose 9.5 per cent year-on-year to Rs 34.2 crore, with an EBITDA margin of 8.7 per cent, the Hyderabad based company said in a release.
The company's net profit stood at Rs 34 crore, including a one-time gain of Rs 18.2 crore from an earnout reversal.
The company’s order book reached an all-time high of Rs 2,813.7 crore, an increase of Rs 214.8 crore over the previous quarter.
Free cash flow stood at Rs 17.2 crore during the quarter.
Order intake increased 11 per cent quarter-on-quarter and 15.4 per cent year-on-year, while the book-to-bill ratio stood at 1.6.
The company also added three new customers across its core businesses and emerging growth areas.
Aerospace and Industrial led business growth during the quarter, with Defence and Medical also contributing, the company said.
Commenting on the performance, Cyient DLM Managing Director and CEO Rajendra Velagapudi said the company maintained its growth momentum through strong execution across key business segments and a record order book, providing revenue visibility.
He said the company would continue to strengthen its core business while investing in growth areas such as artificial intelligence, data centre infrastructure, robotics and semiconductor capital equipment.
During the quarter, Cyient DLM completed the integration of Altek Electronics, its acquisition in Connecticut, the US, which has been renamed Cyient DLM Electronics Inc. The integration strengthens the company’s global operating footprint and its ability to serve customers across geographies.
The company said it remained positive about its outlook for the year, supported by the record order book and continued demand across key end markets.
It would focus on executing existing orders, maintaining operational discipline and selectively investing in new capabilities and growth areas.
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