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Cyient DLM Q4 Results Review — PL Capital Downgrades Stock To 'Accumulate', Cuts Target Price
Cyient's defense segment drags revenue, margins expanded, hence PL Capital downgrades the stock to 'Accumulate' From 'Buy'
24 Apr 2025, 04:55 PM IST 
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Cyient DLM defense segment got impacted due to completion of contract from domestic client, with the order book declining 12% YoY to Rs 19 billion.
(Photo Source: Cyient DLM website)
Cyient DLM defense segment got impacted due to completion of contract from domestic client, with the order book declining 12% YoY to Rs 19 billion. However, company remains positive about securing robust orderbook from Q2 FY26 onwards mainly from International clients. The management indicated that the contracts secured from Boeing Global Services and Deutsche Aircraft and one logo addition in industrial segment, expected to bring gr...
