Cyient Board Approves Rs 7.2 Billion Share Buyback

27 Apr 2026 CW Team

Cyient announced results and the board approved a tender offer buyback at Rs 1,125 per share for aggregate consideration not exceeding Rs 7.2 billion (bn).

The Digital, Engineering and Technology segment reported fiscal revenue up five point five per cent and profit after tax up seven point two per cent.

The company highlighted robust cash generation and plans to invest while returning value to shareholders.

In the fourth quarter the DET segment recorded revenue of Rs 15 bn with quarter on quarter growth of zero point eight per cent and year on year growth of seven point four per cent.

Constant currency revenue fell by two point four per cent and one point five per cent year on year.

Normalised EBIT was Rs 1.85 bn at a margin of 12.4 per cent, profit after tax was Rs 1.38 bn and free cash flow was Rs 2.26 bn, with conversion to normalised profit after tax of 163.1 per cent.

For the year DET revenue was Rs 58.19 bn, constant currency revenue was down by zero point seven per cent and normalised EBIT stood at Rs 7.12 bn with a margin of 12.2 per cent.

Full year normalised profit after tax was Rs 5.88 bn, up seven point two per cent, and free cash flow was Rs 7.31 bn with conversion to normalised profit after tax of 124.3 per cent.

The normalised metrics exclude M&A expenses of Rs 710 million (mn) and a gratuity true-up of Rs 400 million (mn) arising from labour code changes.

The executive vice chairman and managing director noted the group sustained growth momentum, that the semiconductor business delivered four quarters of growth and that the board had agreed to explore a market fundraise through a mix of debt and equity.

Directors approved the buyback after assessing intrinsic value and retained confidence in cash flows for investment.

The chief executive characterised FY26 as a year of stabilisation and transformation and said the company would focus on market impact, technology adoption and organisational effectiveness to drive profitable growth.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..