Cyient Limited , a global engineering and technology solutions company, has announced its financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported stable revenue and declared an interim dividend, while also announcing significant changes to its board composition and business structure.

Financial Performance

Cyient's consolidated revenue from contracts with customers for Q2 FY26 stood at ₹17,810.00 million, compared to ₹18,491.00 million in the same quarter last year, showing a slight decrease of 3.7% year-over-year. However, the company maintained stability with a 1% quarter-on-quarter growth in US dollar terms for its Digital, Engineering & Technology (DET) segment.

The company's net profit attributable to shareholders was ₹1,275.00 million for the quarter, down from ₹1,791.00 million in Q2 FY25, marking a 28.8% decrease year-over-year.

Dividend Declaration

In a move to reward shareholders, Cyient's Board of Directors approved an interim dividend of ₹16.00 per equity share, representing a 320% dividend on the face value of ₹5.00 per share.

Business Restructuring and Segment Performance

Cyient has reorganized its business structure, creating a separate Semiconductors segment under Cyient Semiconductors Private Limited. This restructuring aims to streamline operations and focus on growth areas. The company's financial results now reflect this new segmentation:

The DET segment, which includes various industries such as Transportation & Mobility, Networks & Infrastructure, and Strategic Units, showed resilience with a slight growth in constant currency terms quarter-on-quarter.

Key Business Highlights

• Cyient won several notable deals, including a large contract from an aerospace customer for engineering operations.
• The company added 7 new logos across industries in Q2 FY26.
• Key accounts witnessed strong performance with 11% year-over-year and 3% quarter-on-quarter revenue growth.
• Cyient launched the Cyient AI Lab for Schools, empowering 25,000+ students across 50 government schools in Visakhapatnam with AI, STEM, and robotics learning.

Board Changes and Committee Reconstitution

Cyient announced the resignation of Mr. Vivek Gour as an Independent Director. Following this, the company has reconstituted its Audit Committee, Risk Management Committee, and Leadership, Nomination and Remuneration Committee to ensure continued strong governance.

Management Commentary

Krishna Bodanapu, Executive Vice-Chairman and Managing Director, commented on the results, stating, "This quarter, Cyient Group sustained its growth momentum, delivering results in line with expectations across key segments, even amid a challenging macroeconomic and geopolitical environment."

Prabhakar Atla, President and Chief Financial Officer, added, "DET posted a healthy performance this quarter, delivering a revenue of $164.4 million, a growth of 50 bps in constant currency. We are pleased to report that our ongoing Cost Optimization program enabled us to fully offset these additional expenses, and the program is already producing tangible results."

Cyient's focus on diversification, cost optimization, and strategic investments in emerging technologies positions the company to navigate current market challenges while preparing for future growth opportunities.

Investor Relations

Cyient has announced plans to organize an Investor Day on December 11, 2025, in Mumbai, providing an opportunity for deeper engagement with the investment community.

As Cyient continues to adapt to market dynamics and invest in future-ready capabilities, investors and stakeholders will be watching closely to see how these strategic moves translate into long-term value creation.

Cyient Limited (NSE: CYIENT), a global Intelligent Engineering solutions company, has announced significant changes to its board composition following a successful postal ballot process. The shareholders have approved three special resolutions, demonstrating strong support for the company's governance decisions.

Board Appointments and Extensions

The postal ballot results reveal overwhelming shareholder approval for the following resolutions:

The voting process saw active participation from shareholders, with 73.79% of total shares cast across all three resolutions.

Voting Details

A closer look at the voting patterns reveals strong support across different shareholder categories:

These results indicate a strong alignment between the company's board decisions and shareholder expectations.

Corporate Governance Implications

The high approval rates for these resolutions suggest that Cyient's shareholders have confidence in the company's governance structure and the proposed changes to its board composition. The appointment of new independent directors and the extension of a seasoned board member's tenure beyond the age of 75 reflect a balance between bringing in fresh perspectives and maintaining continuity in leadership.

Additional Corporate Update

In a separate announcement, Cyient has appointed Utkarsh Srivastav as its new Chief Marketing Officer (CMO). Srivastav, a seasoned B2B marketing leader, will be responsible for driving brand growth, customer engagement, and market positioning. His appointment aligns with Cyient's focus on strengthening its global presence and reinforcing its position in the Intelligent Engineering solutions market.

Cyient's proactive approach to board composition and key executive appointments demonstrates its commitment to maintaining strong corporate governance and driving strategic growth initiatives. These developments are likely to be viewed positively by investors and stakeholders, as they position the company for continued success in the competitive engineering solutions industry.