Cyient Ltd. , a global Intelligent Engineering Solutions company, anticipates improved performance in the second half of FY26, driven by a rebound in the semiconductor sector and significant contracts in aerospace and electric vehicle industries.

Key Highlights

• Cyient's Digital, Engineering, and Technology (DET) segment reported revenue of ₹1,438.00 crores in Q2 FY26, showing a 3.3% quarter-on-quarter growth and 4.5% year-on-year growth.
• The company's DET EBIT margin expanded by 20 basis points sequentially to 12.2% in Q2, despite headwinds from wage hikes.
• Cyient Semiconductors demonstrated strong growth of 12% in Q2, signaling a renewed focus on execution and customer momentum.
• The company secured a large deal worth $10.00 million from an aerospace company for engineering operations.

Financial Performance

Cyient's Q2 FY26 financial results reflect resilience amidst challenging macroeconomic conditions:

The company's DET segment showed resilience with a 3.3% quarter-on-quarter growth in revenue, reaching ₹1,438.00 crores. The EBIT margin for this segment improved by 20 basis points sequentially to 12.2%, despite wage hike pressures.

Strategic Developments

Cyient is focusing on several strategic initiatives to drive growth:

1. Semiconductor Rebound: The Cyient Semiconductors segment showed a strong 12% growth in Q2, indicating a recovery in this sector.

2. Large Contracts: The company won a significant $10.00 million deal from an aerospace customer for engineering operations.

3. Diversification: Cyient expanded into the automotive sector with a contract for electric charging systems manufacturing from a new global customer.

4. Innovation Focus: The company launched Cyient AI Lab for Schools, aiming to empower 25,000+ students across 50 government schools in Visakhapatnam with AI, STEM, and robotics education.

Management Commentary

Krishna Bodanapu, Executive Vice Chairman and Managing Director, stated, "Our sound cash position and profitability underscore our strength and readiness to deliver growth across our diversified portfolio of DET, DLM, and Semiconductors."

Sukamal Banerjee, Executive Director and CEO, emphasized the company's transformation agenda, focusing on market impact, technology adoption, and organizational effectiveness.

Outlook

Cyient expects a stronger performance in the second half of FY26, driven by:

• Recovery in the semiconductor sector
• Execution of large aerospace and electric vehicle contracts
• Margin improvements from ongoing cost optimization initiatives
• Continued focus on AI integration and design-led manufacturing strategies

The company's strategic investments in technology and innovation, coupled with its Domain + AI Strategy, are expected to drive sustainable global growth in the coming quarters.

Cyient's focus on intelligent engineering solutions and its diverse portfolio across multiple industries position it well to navigate current market challenges and capitalize on emerging opportunities in the technology and engineering sectors.

Cyient Ltd , a global engineering and technology solutions company, has announced a significant restructuring of its board committees, effective October 16, 2025. This move, aimed at enhancing corporate governance and aligning with the company's future strategic direction, includes the reconstitution of existing committees and the formation of a new Technology & Transformation Committee.

Key Committee Changes

The company has made several notable changes to its board committee structure:

1. Audit Committee and Risk Management Committee: Both committees will now be chaired by Sunil Bhumaralkar, an Independent Director. This dual leadership role underscores the company's commitment to maintaining robust financial oversight and risk management practices.

2. Leadership, Nomination & Remuneration Committee: Matangi Gowrishankar, an Independent Director, has been appointed as the chairperson of this committee, which plays a crucial role in shaping the company's leadership and compensation strategies.

3. New Technology & Transformation Committee: Cyient has established this new committee to be headed by Debjani Ghosh, an Independent Director. This addition reflects the company's focus on staying at the forefront of technological advancements and driving digital transformation.

Committee Compositions

The reconstituted committees now comprise a mix of independent directors and non-executive non-independent directors:

Implications for Corporate Governance

These changes in committee structure and leadership are indicative of Cyient's proactive approach to corporate governance. By appointing independent directors to key positions and creating a dedicated technology committee, the company aims to enhance oversight, foster innovation, and align its governance structure with long-term strategic goals.

The new Technology & Transformation Committee, in particular, signals Cyient's commitment to leveraging technology for business growth and transformation. This committee is expected to play a vital role in guiding the company's technological initiatives and digital strategies.

Additional Corporate Updates

In related news, Cyient also announced the resignation of Vivek Narayan Gour from his position as an Independent Director, effective October 16, 2025. Consequently, he will cease to be the Chairman of the Audit Committee and Risk Management Committee.

Furthermore, the company declared an interim dividend of Rs. 16.00 per equity share (320%) for the financial year 2025-26, with a record date set for October 24, 2025. The dividend is scheduled to be paid by November 12, 2025.

These developments collectively reflect Cyient's ongoing efforts to strengthen its corporate structure, enhance shareholder value, and position itself for future growth in the rapidly evolving technology landscape.