Conference Call with Cyient Ltd. Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Cyient announced Q3FY26 results Revenue at Rs 1,488 crore, with QoQ growth of 3.5% and YoY growth of 6.5%. Normalised EBIT of Rs 185 crore, YoY growth of 4.6%; margin of 12.4%. Normalised PAT at Rs 150 crore, with YoY growth of 40.2%. FCF at Rs 236 crore, FCF to Normalised PAT conversion 157.6%. Krishna Bodanapu, Executive Vice Chairman & Managing Director, Cyient, said: “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. Our cash position and profitability give me immense confidence that we are well-positioned to drive growth across our balanced and diversified portfolio of DET, DLM and Semiconductors. Cyient Semiconductors has delivered strong Q3, with QoQ revenue growth of 10.7%, reflecting the investments and market development we have been driving. We marked a few key milestones this quarter - strengthening our Analog and Power IC leadership through a definitive agreement to acquire a majority stake in Kinetic Technologies, securing a strategic role in SCL’s modernization program, advancing GaN adoption in India through a strategic partnership with Navitas, and the launch of India’s First Indigenous Silicon Platform for Smart Utilities. As we continue to invest in strengthening partnerships, advisory depth, and a high-caliber team, I am confident that we will continue to deliver on the growth path we have envisioned. Under the new leadership of DET, we continue to witness sustained growth across our key industry segments. We have won several notable deals in our key areas of business. The launch of our Lisbon Customer Experience Center and the expansion of our Middle East operations reinforce our customer-centric strategy, bringing us closer to key markets and customers and enabling co-innovation, towards creating long-term value.” Sukamal Banerjee, Executive Director & Chief Executive Officer, Cyient, said: “Q3FY26 was a strong quarter of execution for Cyient. This translated into steady sequential quarterly growth, expanding EBIT margins, eight strategic new logos, and wins spanning industries and capabilities. Our key accounts grew 5% quarter on quarter and 15.5% YoY as we deepened participation across customers’ priorities. Our disciplined approach and commitment to Embracing Intelligence, a differentiated and unique approach to AI, has led to this performance. While much of the market chased an AI-first narrative, we stayed anchored in what actually delivers results. Strong outcomes come from deep domain expertise and human intelligence, built into engineering from the start and carried through to delivery. AI can definitely accelerate, but it cannot function independently. From a business perspective, we apply this domain knowledge gained through years of engagements and a way of thinking from design through operations, positioning us as a product lifecycle management partner. Thus expanding our addressable market by 10x visà-vis traditional engineering services.” Result PDF