Cyient DLM shares rally 6% post-Q4 earnings; here is how the EMS firm fared

The electronic manufacturing services (EMS) firm on Tuesday reported a 27.7% decline in consolidated net profit at ₹22.44 crore for the March quarter of FY26.

Profit in the year-ago period was ₹31 crore.

Revenue from operations came in 13.8% lower at ₹369.07 crore in Q4 FY26, as compared to ₹428.05 crore logged a year ago.

On a quarter-on-quarter (QoQ) basis, profit and revenue rose 99.8% and 21.7%, respectively.

Cyient DLM's order book stood at ₹2,416.6 crore at the end of the March quarter.

Full-year financials

For full FY26, profit climbed 7.6% to ₹73.28 crore, while revenue from operations fell 17% to ₹1,261.48 crore.

Challenges and outlook

The company, in its investor presentation, noted that geopolitical tensions are realigning the global supply chain, pointing out that defence spending is increasing across regions. Defence, as a segment, had a share of 10% in the company’s Q4 revenue.

Outlining its growth strategy, Cyient DLM said it will focus on domestic and key markets to improve operational efficiency in FY27.

Starting FY28, it said it will expand into automotive and Indian defence, explore the AI infrastructure market, and focus on vertical integration through cables, sheet metal, and machining.

About Cyient DLM

Cyient DLM Limited is an integrated electronics manufacturing solutions provider that offers design-led manufacturing (DLM) solutions to customers. It is a subsidiary of Cyient Limited.

The company operates through the manufacturing and providing electronic manufacturing services segment. It delivers design, manufacturing, testing, and certification support.

Its Electronic Manufacturing Services are provided as build-to-print (B2P) and build-to-specification (B2S) services to its clients.

Its B2P solutions involve its client providing the design for the product for which it provides agile and flexible manufacturing services.

Its B2S services involve utilising its design capabilities to design the relevant product based on the specifications provided by the client and manufacturing the product.

Its solutions primarily comprise printed circuit board assembly (PCBA), cable harness assembly, box builds, and precision machining. It serves various industries, including aerospace and defence, industrial, and medical technology.