Cyient Q2 Results Review — Engineering Excellence, Resilience Delivered Growth Momentum Says IDBI Capital

Cost optimization, sales and account mining focus, renewed leadership, margin improvement programs, adoption of AI/digital technologies, streamlined incentive policies, and investments in talent and strategic partnerships to drive sustainable growth, operational excellence for Cyient..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.Cyient Ltd. reported Q2 FY26 results with digital, engineering and technology revenue rising 3.3% QoQ and 4.5% YoY in rupee term, while Ebit margin improved 16 bps sequentially to 12.2%. Despite wage hikes and restructuring costs (200 bps impact), cost optimization offset the pressure. PAT stood at Rs 137 crore, down 16% QoQ. Transportation and network and infrastructure units grew 3.9% and 3.6% QoQ respectively, while the semiconductor business rebounded 12% QoQ, aided by strong order intake and a $100 million pipeline. Design led manufacturing reported strong momentum in (with 130% YoY) order-intake and double-digit margins. The group expects to be Ebit-neutral in semiconductors business by FY27, and DET margins to reach 15% by Q4 FY27. Cyient announced an interim dividend of Rs 16 per share, its highest ever, reflecting confidence in cash flows and outlook. Management guided for stronger revenue and margin performance in H2 FY26. We have reduced our estimates by ~14% (FY26/FY27e), we maintain our Hold rating by valuing the stock at 18x FY27E EPS and with a revised target price of Rs 1,211..Click on the attachment to read the full report:.Infosys Q2 Review — Motilal Oswal Maintains 'Neutral' Rating Citing Continued Macro Uncertainty.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Cyient Q2 Results Review — Engineering Excellence, Resilience Delivered Growth Momentum Says IDBI Capital

IDBI Capital maintains 'Hold' rating on Cyient and revises target price.

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