CYIENT · Information Technology
Cyient Ltd. reported revenue of ₹1,848 cr for October to December 2025, −4.0% on the year and +3.8% on the quarter. Over the last four quarters revenue comes to ₹7,250 cr, −0.8% on the four before.
Operating profit (EBITDA) was ₹235 cr, a margin of 12.7%, −172 bps on the year and +70 bps on the quarter. Over the last 8 quarters the margin has ranged from 12.0% to 18.0%, averaging 14.7%. Operating costs grew −2.1%, faster than revenue at −4.0%, so operating profit grew less than sales.
Net profit was ₹97.0 cr, −24.2% on the year and −32.2% on the quarter, with earnings per share of ₹8.26. Profit before other income, one-offs and tax fell 21.5%, so the profit growth came from the business itself. The tax rate was 30% against an average of 25% over the previous 8 quarters, which weighed on profit this quarter. Profit over the last four quarters totals ₹583 cr, −11.7% on the four before.
On earnings per share of ₹48.94 over the last four quarters, the stock at ₹1,092.60 trades at 22.3 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Operating margin slipped on the year.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,778 cr | ₹1,821 cr | ₹1,861 cr | ₹1,676 cr | ₹1,849 cr | ₹1,926 cr | ₹1,909 cr | ₹1,712 cr | ₹1,781 cr | ₹1,848 cr | ₹1,927 cr | ₹2,076 cr |
| YoY | — | — | — | −1% | +4% | +6% | +3% | +2% | −4% | −4% | +1% | +21% |
| EBITDA margin | 18.3% | 17.9% | 18.0% | 15.8% | 16.1% | 14.4% | 15.6% | 13.3% | 12.0% | 12.7% | 11.5% | 12.7% |
| Other income, % of PBT | 3% | −16% | 9% | 11% | 20% | −10% | 16% | 33% | 36% | −8% | −47% | 4% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 24% | 23% | 24% | 24% | 27% | 26% | 26% | 26% | 27% | 30% | 31% | 36% |
| Net profit | ₹184 cr | ₹153 cr | ₹197 cr | ₹148 cr | ₹187 cr | ₹128 cr | ₹186 cr | ₹157 cr | ₹143 cr | ₹97.0 cr | ₹66.0 cr | ₹109 cr |
| YoY | — | — | — | −12% | +2% | −16% | −6% | +6% | −24% | −24% | −65% | −31% |
| Core profit YoY | — | — | — | −21% | −13% | −18% | −11% | −17% | −38% | −21% | −34% | +14% |
| EPS | ₹16.10 | ₹13.28 | ₹17.06 | ₹12.97 | ₹16.14 | ₹11.02 | ₹15.35 | ₹13.85 | ₹11.48 | ₹8.26 | ₹4.93 | ₹9.37 |
| Flags | · | · | · | ✓ | ✓ | 1 | ✓ | 2 | 2 | ✓ | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Cyient Ltd. reported revenue of ₹1,848 cr (−4.0% on the year) and net profit of ₹97.0 cr (−24.2% on the year) for October to December 2025.
Profit before other income, exceptional items and tax moved −21.5% on the year, against −24.2% for reported profit.
None of the 7 checks that could run raised a question.
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