Cyient Limited — Q2FY27 earnings call summary

Filed 28 October 2026 · Official transcript

Q2 FY27 revenue $174.2M, +7.5% q-q, +6.3% y-y constant currency; EBIT margin 14.2%, highest in 10 quarters
Multiple analyst queries on Semiconductor supply constraints and margin impact; management expects supply to catch up with demand
Semiconductor revenue $19.3M, +8% q-q; EBIT loss due to R&D investments; breakeven expected FY28
TAO Digital acquisition added $9.6M revenue; expected $100-110M run rate next 12 months
Cost optimization supports margin despite wage hikes in H2FY27
DLM revenue +26% y-y INR; order book highest ever with book-to-bill >1.6
Order intake $158.4M, +21% y-y; €50M framework contract ramping over 1-2 years
Transportation & mobility segment strong growth; defense and semiconductor are key growth areas