Shares of Cyient Ltd surged 4.08% in early trade on Friday to ₹1,292.30, gaining ₹50.70, after the company announced its Q1 FY26 results and highlighted strong growth potential in its semiconductor segment. The company now commands a market capitalization of ₹142,700 crore.
Cyient reported a consolidated net profit of ₹157 crore for the June quarter, marking a 7% increase from ₹148 crore in the same quarter last year. Revenue from customer contracts rose 2% year-on-year to ₹1,712 crore, up from ₹1,676 crore in Q1 FY25. Despite the modest top-line growth, investor sentiment was buoyed by the company’s robust outlook and cash reserves.
The company revealed it holds ₹1,894 crore in cash at the group level, which positions it well to pursue expansion in its Digital, Engineering and Technology (DET), design-led manufacturing, and semiconductor businesses.
Vice Chairman and MD Krishna Bodanapu said the completion of the carve-out process for Cyient Semiconductors sets the stage for capitalizing on high-growth opportunities in advanced analog and mixed-signal ASICs. This optimism helped lift the stock within a day range of ₹1,206 to ₹1,294 and well above its previous close of ₹1,241.60.
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