Cyient DLM reported its consolidated financial results for the quarter ended June 30, 2025 (Q1 FY26), showing modest revenue growth but a decline in profitability due to higher costs and reduced other income.
For the quarter, the company’s revenue from operations stood at ₹278.4 crore, marking an 8% increase year-on-year (YoY). This growth was driven by a better revenue mix and marginal increase in volumes, despite the completion of a large order in FY25 and the impact of an acquisition concluded in the second half of last year.
On the operating front, EBITDA rose by 25.3% YoY to ₹25.1 crore, reflecting improved efficiency and contribution from the acquired business. The EBITDA margin expanded to 9%, up 125 basis points YoY, supported by the healthier revenue mix.
However, net profit was under pressure, declining by 29.6% YoY to ₹7.5 crore. This was attributed to amortization of intangibles (a non-cash item from M&A), as well as reduced interest income due to the utilization of IPO proceeds.
Key Financial Highlights — Q1 FY26 vs Q1 FY25:
| Metric | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue (₹ crore) | 278.4 | 257.9 | +8% |
| EBITDA (₹ crore) | 25.1 | 20.0 | +25.3% |
| EBITDA Margin (%) | 9.0% | 7.8% | +125 bps |
| PAT (₹ crore) | 7.5 | 10.6 | -29.6% |
| PAT Margin (%) | 2.7% | 4.1% | -143 bps |
| Order Backlog (₹ crore) | 2,131.8 | — | +225.7 QoQ |
The company also reported an all-time high quarterly order intake of approximately ₹315 crore, with nearly 50% of the new orders executable in FY26. The order backlog as of Q1 stood at ₹2,131.8 crore, up by ₹225.7 crore compared to the previous quarter.
While revenue and EBITDA showed resilience, the sharp decline in PAT and margin contraction reflect challenges from higher amortization and lower non-operating income.
