Cyient, a global Intelligent Engineering and Technology Solutions company, has announced a significant financial move, approving a ₹720 crore share buyback. This decision comes as part of the company’s broader financial results for the fiscal year ending March 31, 2026, showcasing a robust performance in various segments.
For the fourth quarter of FY26, Cyient reported a Digital, Engineering, and Technology (DET) revenue of ₹1,500 crores, marking a quarter-on-quarter growth of 0.8% and a year-on-year growth of 7.4%. However, there was a contraction in constant currency revenue by 2.4% QoQ and 1.5% YoY. The EBIT for this segment stood at ₹185 crores with a margin of 12.4%, while the PAT was ₹138 crores, reflecting a YoY decline of 9.1%. The free cash flow (FCF) for the quarter was ₹226 crores, with a conversion rate of 163.1% to normalised PAT.
For the full fiscal year, Cyient’s DET revenue reached ₹5,819 crores, growing 5.5% YoY. The EBIT for the year was ₹712 crores, with a margin of 12.2%, and the PAT was ₹588 crores, showing a 7.2% YoY increase. The FCF for FY26 was ₹731 crores, with a conversion rate of 124.3% to normalised PAT.
Krishna Bodanapu, Executive Vice Chairman and Managing Director of Cyient, expressed confidence in the company’s financial health, noting the strong cash flow and cash position as key enablers for future investments and shareholder returns. He highlighted the performance of Cyient Semiconductors, which achieved $7.2 million in revenue for Q4, marking the fourth consecutive quarter of growth. Looking ahead, the Board is considering a market fundraise to support further growth, leveraging a mix of debt and equity.
The approved share buyback will be conducted through a tender offer at a price of ₹1125 per equity share, with a total consideration not exceeding ₹720 crore. Krishna Bodanapu emphasised that despite the buyback, Cyient remains committed to investing in future growth opportunities.
Sukamal Banerjee, Executive Director and CEO of Cyient, described FY26 as a year of stabilisation and transformation, with positive YoY growth in order intake across all business segments in the second half of the year. He noted significant wins in technology services and core markets, particularly in Transportation and Mobility.
Banerjee also outlined three strategic initiatives driving the company’s success: market impact, technology adoption, and organisational effectiveness. These efforts have sharpened Cyient’s go-to-market approach, enhanced digital and AI capabilities, and improved operational efficiency, positioning the company as a more integrated and valuable engineering lifecycle partner.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).