Cyient DLM , a prominent player in the electronics manufacturing services sector, has announced significant changes in its leadership team. The company has updated its Senior Managerial Personnel following a recent Board Meeting.

Key Updates to Senior Management

• Chief Technology Officer: Kaushal Jadia
• Head of Operations: Mujeeb Rahiman
• Chief Financial Officer: R M Subramanian (effective October 24, 2025)

R M Subramanian's Appointment

R M Subramanian's appointment as the new Chief Financial Officer marks a strategic shift in the company's financial leadership. He brings a wealth of experience to his new role at Cyient DLM:

Transition Process

The appointment of R M Subramanian coincides with a planned transition in Cyient DLM's financial leadership:

• Outgoing CFO: Mr. Shrinivas Kulkarni
• Transition Plan: Mr. Kulkarni will move to a strategic role within the Cyient Group
• Handover Period: A few weeks to ensure seamless transition

Cyient DLM has emphasized that this structured transition is designed to maintain continuity in the company's financial governance, operational excellence, and compliance standards.

Company's Commitment

In its official statement, Cyient DLM reaffirmed its commitment to strong financial stewardship and strategic alignment with long-term growth objectives. The company views these leadership changes as steps towards enhancing its management capabilities across various domains.

These appointments, approved by the Board, underscore Cyient DLM's focus on strengthening its executive team to drive future growth and maintain its competitive edge in the electronics manufacturing services sector.

As Cyient DLM welcomes its new senior management team, stakeholders will be keenly watching how their extensive experience and strategic insights contribute to the company's overall strategy and performance in the coming years.

Cyient DLM Limited , a leading electronic manufacturing services company, has reported a robust performance in Q2FY26, marked by significant order intake and improved profitability despite revenue challenges.

Strong Order Intake and Backlog Growth

The company secured nearly Rs 500 crores in new orders during Q2FY26, resulting in an impressive book-to-bill ratio of 1.6. This performance exceeded management expectations of maintaining a ratio above 1.0. Consequently, the order backlog increased to Rs 2,291 crores, setting a solid foundation for future growth.

Revenue and Profitability

While revenue stood at Rs 310.6 crores, reflecting a 20% year-on-year decline, Cyient DLM demonstrated resilience in profitability. The company achieved double-digit EBITDA margins of 10% (Rs 31.2 crores), with margins expanding 100 basis points sequentially and 192 basis points year-on-year.

Key Financial Metrics

New Business Wins and Strategic Focus

Cyient DLM secured notable new contracts, including:

1. A build-to-spec order from a Japanese electric vertical take-off and landing (eVTOL) company
2. New business from an automotive client specializing in EV charging solutions

These wins align with the company's strategy to diversify its portfolio and expand into high-growth sectors.

Management Outlook

Management expects year-on-year growth to resume from Q4FY26 and anticipates a book-to-bill ratio of 1.4-1.5 for the full year. The company attributes the current revenue decline primarily to the completion of a large defense order, while other business segments showed growth.

Industry Mix

Cyient DLM reports a balanced industry mix with Aerospace at 37%, Industrial at 30%, Medical at 15%, and Defense at 8%. This diversification is expected to provide stability and growth opportunities across various sectors.

Conclusion

Despite short-term revenue challenges, Cyient DLM's strong order intake, improved profitability, and strategic wins in new sectors position the company for potential growth in the coming quarters. The management's positive outlook and focus on high-value segments like build-to-spec projects suggest a promising trajectory for the company.