Cyient DLM posted weaker year-on-year Q4 earnings but highlighted a strong order book and rising defence opportunities amid shifting global supply chains.
Electronic Manufacturing Services provider Cyient DLM reported a 27.7% year-on-year decline in consolidated net profit for the March quarter of FY26, with earnings falling to ₹220 million, compared with ₹310 million in the same period last year.
Revenue from operations for the fourth quarter declined 13.8% year-on-year to ₹3.69 billion, down from ₹4.28 billion reported in Q4 FY25. Despite the annual decline, the company recorded a strong sequential recovery, with profit rising nearly 99.8% quarter-on-quarter and revenue increasing 21.7% compared to the preceding quarter.
Cyient DLM’s order book remained robust at ₹24.17 billion at the end of the March quarter, offering visibility into future business execution.
For the full financial year FY26, the company posted a 7.6% increase in net profit to ₹730milllion , while revenue from operations declined 17% to ₹12.61 billion, reflecting softer demand conditions and execution timelines during the year.
In its investor presentation, the company noted that ongoing geopolitical tensions are reshaping global supply chains, with rising defence spending emerging as a key opportunity area. The defence segment accounted for 10% of total revenue during the March quarter.
Looking ahead, Cyient DLM outlined a phased growth strategy. In FY27, the company plans to focus on improving operational efficiency across domestic and priority international markets. From FY28 onwards, it intends to expand into automotive and India’s defence manufacturing ecosystem, explore opportunities in AI infrastructure, and strengthen vertical integration through capabilities in cables, sheet metal fabrication, and machining.
Shares of Cyient DLM ended 3.52% higher at ₹357.70 on the Bombay Stock Exchange on Tuesday, with the financial results announced after market hours.
