Hyderabad-based Cyient DLM announced results for the quarter and year ended 31 March 2026. All currency figures are converted to million (mn) and shown as Rs amounts. Revenue for the fourth quarter was Rs 3,691 mn, up 21.7 per cent quarter-on-quarter and down 13.8 per cent year-on-year. EBITDA for the quarter was Rs 431 mn, with an 11.7 per cent margin, a quarter-on-quarter improvement of 148 basis points and a year-on-year decline of 173 basis points. Profit after tax for the quarter was Rs 224 mn, equal to 6.1 per cent of revenue, up 153 basis points quarter-on-quarter and down 116 basis points year-on-year. For the full year revenue was Rs 12,615 mn, down 17 per cent. Normalised EBITDA was Rs 1,302 mn at a 10.3 per cent margin, up 78 basis points year-on-year, and normalised profit after tax was Rs 563 mn at a 4.5 per cent margin. Reported profit after tax was Rs 733 mn, or 5.8 per cent of revenue, reflecting one-off other income in the second quarter. Normalised free cash flow for the year was Rs 281 mn. Order intake for FY26 exceeded Rs 18,430 mn, up by Rs 5,105 mn versus the prior year, and the company recorded a book-to-bill ratio greater than one in all four quarters. The order book was Rs 24,166 mn, the highest in the last eight quarters, and the company recorded a book-to-bill ratio of one point five for the year. The business added six new customer logos and industrial and medical segments accounted for about 46 per cent of fourth quarter order intake. Management said disciplined execution and operational focus supported sustained double-digit EBITDA margins amid challenging demand, aided by lower finance costs. The firm strengthened capabilities through global quality and ESG audits and began series production across automotive lines after IATF clearance. The company received multiple industry recognitions. It plans to prioritise margin improvement, deepen customer ties and invest in product and platform development alongside technology partnerships to broaden growth avenues beyond traditional electronic manufacturing services in FY27.