+
Cyient Board Approves Rs 7.2 Billion Share Buyback
ECONOMY & POLICY

Cyient Board Approves Rs 7.2 Billion Share Buyback

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.

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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code