Cyient / Q4-FY26

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Watch2026-04-??Back to CYIENT

Revenue

₹1,927 Cr

verified against source

Revenue YoY

7.4%

reported change

EBITDA

Pending

latest reported figure

Source

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record provenance

Actual signal trajectory

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Revenue (₹ Cr)PositiveWatchNegative
3 actual records
Actual quarterly Revenue (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q2 FY26: 1,781 · Positive source sentiment · 2025-10-23Q2 FY26Q3 FY26: 1,848 · Positive source sentiment · 2026-02-10Q3 FY26Q4 FY26: 1,927 · Watch source sentiment · 2026-04-??Q4 FY261,9271,781
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

Cyient's D segment Q4 FY26 revenue was $163.5M (₹1,500 Cr), down 2.4% QoQ CC and 1.5% YoY CC, impacted by client budget delays and geopolitical headwinds in West Asia. Gross margin expanded 114bps QoQ to 38.9%, while EBIT margin held at 12.4% despite revenue softness. PAT fell 9.1% YoY to ₹138 Cr due to lower other income. The board approved a ₹720 Cr buyback at ₹1,125/share, signaling confidence. Management guided for mid-to-high single-digit organic growth in FY27 and reiterated a 15% EBIT margin target by Q4 FY27. Key risks include prolonged geopolitical uncertainty and AI-driven compression in software services.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects D segment revenue to grow mid-to-high single digits YoY in constant currency.
  • Reiterated aspiration to reach 15% EBIT margin by Q4 FY27, subject to geopolitical volatility.
  • Expects semiconductor business to reach approximately $100 million annual run rate in FY27.

Risks flagged

  • Energy deals in West Asia pushed out, impacting Q4 and expected to continue in Q1 FY27.
  • AI productivity improvements (20-30%) could reduce demand for traditional software engineering work.
  • Three key customers delayed program starts, causing Q4 revenue miss; recovery timing uncertain.

Key quotes

  • We have therefore made a conscious decision not to walk away but to pro this transaction and come back with a more educated decision in the coming quarters.
  • The company that will win in our sector are the ones that layer AI and digital on top of deep domain knowledge and the human expertise.
  • We want to establish an independent value because we believe there is a huge value unlock in science semiconductor.

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