CyberTech Board Approves ₹14.45 Cr Buyback at ₹170/Share; FY26 Revenue Up 2.7% YoY
CyberTech Systems and Software's board approved audited Q4FY26 and FY26 results, a final dividend of Rs. 4/- per share, and a buyback of up to 8,50,000 shares at ₹170/- per share aggregating ₹14,45,00,000/-. FY26 consolidated total revenue grew 2.7% YoY to ₹2,630.32 million, while Q4FY26 PAT was ₹70.67 million. The audited financial results were subsequently published in 'Active Times' and 'Mumbai Lakshadweep' on May 14, 2026, pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
CyberTech Systems and Software convened its Board of Directors meeting on May 13, 2026, approving audited financial results for the quarter and year ended March 31, 2026, for both standalone and consolidated entities, and passing a formal resolution approving the buyback of equity shares under the SEBI Buyback Regulations. The meeting commenced at 07:00 P.M. and concluded at 09:10 P.M., with the filing signed by Sarita Leelaramani, Company Secretary and Compliance Officer. The auditor's report on the audited financial results carries an un-modified opinion, as declared pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015. On May 14, 2026, the company filed its press release and earnings presentation for the quarter and year ended March 31, 2026 pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and also published the audited financial results (consolidated and standalone) in "Active Times" (English Daily) and "Mumbai Lakshadweep" (Marathi Daily) pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.
Board Meeting Outcome
The board considered and approved the following key matters:
| Agenda Item | Details |
|---|---|
| Financial Results | Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026 |
| Dividend | Final dividend of Rs. 4/- per equity share of Rs. 10 each for FY2025-26, subject to shareholder approval |
| Internal Auditor | Appointment of M/s. Desai Associates, Chartered Accountants as Internal Auditors for FY2026-27 |
| Buyback Proposal | Buyback of up to 8,50,000 equity shares at ₹170/- per share via tender offer, aggregating up to ₹14,45,00,000/- |
| Record Date (Buyback) | Friday, May 29, 2026 |
CEO Commentary
Commenting on the results, Mr. Vish Tadimety, CEO and Founder, stated that Q4 delivered strong sequential momentum with total revenue of ₹672.2 million, up approximately 5% over the preceding quarter, closing a full year in which total revenue grew 2.7% to ₹2,630.3 million with operating revenue of ₹2,371.5 million. He described this as a resilient outcome in a year of cautious discretionary technology spending, and one of purposeful investment in specialised talent, delivery capabilities, and annual compensation revisions. He also highlighted that CyberTech has achieved Esri Platinum Partner status — the highest tier in the Esri ecosystem globally — and that the board's approval of the share buyback programme at ₹170 per share underscores the strength of the company's balance sheet and its disciplined approach to capital allocation.
Consolidated Financial Performance
On a consolidated basis, CyberTech reported revenue from operations of ₹623.34 million for Q4FY26, compared to ₹614.94 million in Q4FY25, reflecting 1.4% YoY growth and 7.8% QoQ growth. For the full year, consolidated operating revenue stood at ₹2,371.52 million against ₹2,358.97 million in the prior year. Total revenue for FY26 was ₹2,630.32 million, up 2.7% YoY. EBITDA for Q4FY26 stood at ₹106.0 million (15.8% margin), while full-year EBITDA was ₹446.2 million (17.0% margin). The following table presents the key consolidated financial metrics:
| Particulars (₹ in Million) | Q4 FY26 | Q4 FY25 | YoY % | Q3 FY26 | QoQ % |
|---|---|---|---|---|---|
| Operating Revenue | 623.34 | 614.94 | 1.4% | 578.40 | 7.8% |
| Total Revenue | 672.18 | 668.34 | 0.6% | 638.42 | 5.3% |
| EBITDA | 106.0 | 131.6 | -19.5% | 94.8 | 11.7% |
| EBITDA Margin % | 15.8% | 19.7% | — | 14.9% | — |
| PBT | 95.49 | 120.38 | -20.7% | 84.39 | 13.2% |
| PBT Margin % | 14.2% | 18.0% | — | 13.2% | — |
| PAT | 70.67 | 95.96 | -26.3% | 65.34 | 8.2% |
| PAT Margin % | 10.5% | 14.4% | — | 10.2% | — |
| Basic EPS (Rs.) | 2.27 | 3.08 | — | 2.10 | — |
| Diluted EPS (Rs.) | 2.27 | 3.08 | — | 2.09 | — |
Full-Year Consolidated Performance
| Particulars (₹ in Million) | FY26 | FY25 | YoY % |
|---|---|---|---|
| Operating Revenue | 2,371.52 | 2,358.97 | 0.5% |
| Total Revenue | 2,630.32 | 2,561.31 | 2.7% |
| EBITDA | 446.2 | 519.3 | -14.1% |
| EBITDA Margin % | 17.0% | 20.3% | — |
| PBT | 402.22 | 463.68 | -13.3% |
| PBT Margin % | 15.3% | 18.1% | — |
| PAT | 304.30 | 349.34 | -12.9% |
| PAT Margin % | 11.6% | 13.6% | — |
| Basic EPS (Rs.) | 9.77 | 11.22 | — |
| Diluted EPS (Rs.) | 9.75 | 11.20 | — |
Consolidated Balance Sheet Highlights
On a consolidated basis, total assets stood at Rs. 27,884.03 lakhs as at March 31, 2026, compared to Rs. 30,547.63 lakhs as at March 31, 2025. Total equity was Rs. 21,230.00 lakhs against Rs. 24,766.70 lakhs in the prior year. Cash and cash equivalents stood at Rs. 2,101.47 lakhs as at March 31, 2026, compared to Rs. 2,214.04 lakhs in the previous year. Net cash flow generated from operating activities for the year was Rs. 1,170.47 lakhs, compared to Rs. 3,775.71 lakhs in the prior year.
Standalone Financial Performance
On a standalone basis, revenue from operations for Q4FY26 was Rs. 4,149.12 lakhs, compared to Rs. 4,067.10 lakhs in the corresponding prior-year quarter. For the full year, standalone revenue from operations stood at Rs. 16,038.73 lakhs against Rs. 16,104.62 lakhs in the previous year. Profit for the period increased to Rs. 665.20 lakhs in Q4FY26 from Rs. 653.88 lakhs in Q4FY25, while full-year standalone profit stood at Rs. 2,336.93 lakhs compared to Rs. 2,466.95 lakhs in FY25. The following table presents the key standalone financial metrics:
| Metric | Q4 FY26 (Audited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations (Rs. Lakhs) | 4,149.12 | 4,067.10 | 16,038.73 | 16,104.62 |
| Total Income (Rs. Lakhs) | 4,629.73 | 4,435.83 | 17,892.84 | 17,507.55 |
| Total Expenses (Rs. Lakhs) | 3,729.22 | 3,654.69 | 14,807.69 | 14,317.62 |
| Profit before Tax (Rs. Lakhs) | 900.51 | 781.14 | 3,085.15 | 3,189.93 |
| Profit for the Period (Rs. Lakhs) | 665.20 | 653.88 | 2,336.93 | 2,466.95 |
| Basic EPS (Rs.) | 2.14 | 2.10 | 7.51 | 7.93 |
| Diluted EPS (Rs.) | 2.13 | 2.10 | 7.49 | 7.91 |
Standalone Balance Sheet Highlights
On a standalone basis, total assets stood at Rs. 18,607.99 lakhs as at March 31, 2026, compared to Rs. 23,755.42 lakhs as at March 31, 2025. Total equity was Rs. 14,906.47 lakhs against Rs. 20,015.99 lakhs in the prior year. Cash and cash equivalents stood at Rs. 1,585.66 lakhs as at March 31, 2026, compared to Rs. 1,720.26 lakhs in the previous year. Net cash flow generated from operating activities for the year was Rs. 2,640.70 lakhs, compared to Rs. 2,615.59 lakhs in the prior year.
Business Highlights – Q4FY26
The following operational metrics were reported as of March 31, 2026:
| Parameter | Details |
|---|---|
| Total Active Clients (LTM) | 83 |
| New Clients Added | 3 |
| Top Client Revenue Contribution | 58% |
| Top 3 Clients Revenue Contribution | 71% |
| Total Employees | 525 |
| Number of Projects | 130 |
| Technology Sector Revenue Share | 74% of operating revenue |
| US Business Revenue Share | 99% of operating revenue |
Buyback Details
The board approved a proposal to buy back up to 8,50,000 fully paid-up equity shares of face value ₹10/- each through the tender offer route, at a price of ₹170/- per equity share. The aggregate buyback size is capped at ₹14,45,00,000/-, representing 9.81% and 7.55% of the aggregate total paid-up equity share capital and free reserves based on audited standalone and consolidated financial statements as on March 31, 2026, respectively. The shares proposed to be bought back represent up to 2.73% of the existing total paid-up equity share capital. The buyback will be funded from the company's current surplus, cash balances, current investments, and internal resources, with no borrowed funds to be utilised. The record date for determining eligible shareholders has been fixed as Friday, May 29, 2026, and the letter of offer along with the tender form shall be dispatched to eligible shareholders within 2 working days from the record date. The buyback shall not result in delisting of equity shares from BSE Limited or National Stock Exchange of India Limited, and will be subject to maintaining minimum public shareholding requirements as prescribed under applicable regulations.
Pre-Buyback Shareholding Pattern (as on May 08, 2026)
| Category of Shareholder | No. of Shareholders | No. of Equity Shares | % of Equity Share Capital |
|---|---|---|---|
| Promoters & Promoter Group | 8 | 1,15,08,621 | 36.97 |
| Public | 36,631 | 1,96,21,972 | 63.03 |
| Non-Promoter Non-Public | - | - | - |
| Total | 36,639 | 3,11,30,593 | 100.00 |
Buyback Committee and Intermediaries
The board constituted a Buyback Committee to oversee implementation of the offer. The committee composition is as follows:
| Sr. No | Committee Member | Designation |
|---|---|---|
| 1 | Mr. Viswanath Tadimety | Chairman |
| 2 | Mr. Ramasubramanian Sankaran | Member |
| 3 | Mr. Praveen Agarwal | Member |
| 4 | Ms. Sarita Leelaramani | Member & Secretary |
The board also appointed the following intermediaries for the buyback:
| Sr. No | Entity | Role |
|---|---|---|
| 1 | Saffron Capital Advisors Private Limited | Manager to the Buyback |
| 2 | Choice Equity Broking Private Limited | Buying Broker |
| 3 | MUFG Intime India Private Limited | Registrar to the Offer |
| 4 | BSE Limited | Designated Stock Exchange |
| 5 | ICICI Bank Limited | Escrow Agent |
Sarita Leelaramani, Company Secretary, has been designated as the Compliance Officer for the buyback. The statutory auditor report for the buyback, issued by Lodha & Co. LLP, Chartered Accountants, was also taken on record by the board. In terms of Regulation 5(via) of the SEBI Buyback Regulations, the board may, till one working day prior to the record date, increase the buyback price and decrease the number of equity shares proposed to be bought back, such that there is no change in the aggregate buyback size.
Historical Stock Returns for Cybertech Systems & Software
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | +9.03% | +11.37% | -9.13% | -9.86% | -2.77% |
How might CyberTech's Esri Platinum Partner status translate into new revenue streams or contract wins in FY2027, particularly given its heavy US market concentration of 99%?
With top 3 clients contributing 71% of operating revenue, what strategic steps is CyberTech likely to take to diversify its client base beyond the current 83 active clients?
Given the significant YoY decline in EBITDA margins from 20.3% to 17.0% due to talent investments, when can shareholders expect margin recovery and what are the key milestones to watch?
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