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.

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