Key Highlights
- Cyient board approves ₹720 crore share buyback at ₹1125 per share.
- Q4 FY26 revenue stands at ₹1500 crore with 7.4% YoY growth.
- Q4 FY26 PAT reported at ₹138 crore with 9.1% YoY decline.
- FY26 revenue reaches ₹5819 crore up 5.5% YoY.
- FY26 PAT rises to ₹588 crore marking 7.2% YoY growth.
- Free cash flow for FY26 reported at ₹731 crore.
Cyient Limited has announced a ₹720 crore share buyback alongside its financial results for the quarter and full year ended March 31, 2026. The buyback will be conducted via tender offer at a price of ₹1125 per equity share, reflecting management’s confidence in the company’s intrinsic value.
Q4 FY26 Performance Overview
For the fourth quarter, Cyient reported revenue of ₹1500 crore in its Digital Engineering and Technology segment, registering a 0.8% quarter-on-quarter increase and 7.4% growth year-on-year. EBIT for the quarter stood at ₹185 crore with a margin of 12.4%.
Profit after tax for Q4 came in at ₹138 crore, marking a 9.1% decline compared to the same period last year. The company generated free cash flow of ₹226 crore during the quarter, with a strong conversion ratio of 163.1% of normalized PAT.
FY26 Financial Performance
For the full financial year, Cyient reported revenue of ₹5819 crore, reflecting a 5.5% year-on-year growth. EBIT stood at ₹712 crore with a margin of 12.2%, while PAT increased 7.2% YoY to ₹588 crore.
The company delivered free cash flow of ₹731 crore for FY26, maintaining a robust cash generation profile with a conversion ratio of 124.3%.
Buyback Rationale and Strategic Outlook
The board’s approval of the buyback signals management’s view that the current market price does not fully reflect the company’s underlying fundamentals. The move is also aimed at enhancing shareholder returns while maintaining sufficient liquidity for future investments.
Management indicated that strong cash flows will continue to support both capital return initiatives and growth investments. The company is also evaluating potential fundraising options, including debt and equity, to support expansion plans in FY27.
Business Developments
During the quarter, Cyient’s semiconductor business reported revenue of $7.2 million, marking its fourth consecutive quarter of sequential growth. The company continues to strengthen its position in high-end engineering services, ASIC development, and proprietary product offerings.
Additionally, the company reported improved order intake momentum in the second half of FY26, along with growth in transportation and mobility segments. Strategic focus areas include digital capabilities, AI integration, and operational efficiency enhancements.
Conclusion
Cyient’s FY26 performance reflects steady revenue growth, improved profitability, and strong cash flow generation. The ₹720 crore buyback underscores management’s confidence in long-term value creation, even as the company continues to invest in technology capabilities and global expansion.