Cyient Ltd. (BSE: CYIENT) reported Q2 revenue of ₹1.79 bn, up 14.9% YoY and 6.8% QoQ, beating the ₹1.50 bn consensus. The stock jumped 9% on Friday, reflecting investor enthusiasm.
Digital, Engineering & Technology revenue hit $174.2 m, up 7.2% YoY, while the DET arm posted a record $158.4 m order intake, 21% higher than the same period last year. The company’s constant‑currency revenue grew 15.3% YoY, underscoring resilience amid currency swings.
Kotak Institutional Equities raised its earnings estimate for FY27 by 5–12% after factoring the TAO acquisition and the stronger Q2 performance, and retained an ‘Add’ rating with a ₹1,350 target. The upgrade aligns with the 15‑quarter high EBIT margin, though the exact margin figure remains undisclosed.
Comparing to the previous quarter, Cyient’s revenue grew by 6.8% QoQ, while the sector median growth hovered around 4.5% last quarter. Analysts noted that the company’s diversified portfolio—spanning digital, DET, and transportation—helped cushion any macro‑headwinds.
Looking ahead, management reiterated confidence in the second half of FY27 and signalled a focus on execution. The semiconductor unit is now projected to break even in FY28, a timeline shift of one to two quarters, signalling a gradual rebound for the business.