Shares of Cyient DLM Ltd gained over 2% to ₹482.75 on Monday, April 22, ahead of its Q4 FY25 results scheduled to be announced later in the day. The stock touched an intraday high of ₹492.00 and is trading with renewed investor interest after a subdued performance in recent months.
Cyient DLM, the Design Led Manufacturing (DLM) subsidiary of IT services major Cyient, will be closely tracked as investors look for signs of margin recovery and future guidance. The company covers the full spectrum of product lifecycle services—from design and manufacturing to maintenance.
Q3 FY25 performance
In the previous quarter, Cyient DLM posted a 38% YoY jump in revenue to ₹444 crore. However, profit after tax fell 41.7% YoY to ₹10.8 crore due to higher employee costs and consolidated expenses post its acquisition of Altek Electronics Inc in October 2024. EBITDA dropped 5.3% YoY to ₹27.9 crore.
The company’s order backlog also saw a decline, slipping by ₹152 crore to ₹2,143 crore as of December 2024. Despite this, Cyient DLM continues to expand operationally. In December, the company signed an MoU with Arcedo Systems to build a 500 kWp solar power plant at its Mysore facility under a long-term power purchase agreement.
Strong debut, weak 2025
Cyient DLM made headlines in July 2023 with a blockbuster IPO, which was oversubscribed over 67 times. The stock debuted at ₹403 on the NSE, a 52% premium to the upper end of the issue price of ₹265. However, 2025 has not been kind to the stock—it is down 29% year-to-date and has declined over 28% in the past year.
Investors will now be watching today’s results closely to assess whether the company’s cost pressures are easing and whether order growth will return in upcoming quarters.
