Cyient DLM Q4 FY26 PAT doubles to ₹22 cr; stock up

Stock reaction after results

Cyient DLM shares moved higher after the company reported its Q4 FY26 numbers for the quarter ended 31 March 2026. The stock rose 4.26% to ₹372.95 in early reaction to the results. It later closed 3.52% higher at ₹357.70 on the BSE. The reported move reflected a positive response to the sharp sequential improvement in profit and margins. The financial results were announced post-market hours, as noted in the report.

Q4 FY26 profit nearly doubles quarter-on-quarter

Cyient DLM reported consolidated profit after tax (PAT) of ₹22.44 crore in Q4 FY26. This was a 99.82% quarter-on-quarter (QoQ) rise from ₹11.23 crore in Q3 FY26. The sequential jump pointed to a strong recovery in profitability within one quarter. The company’s profit before tax (PBT) also increased sharply on a QoQ basis, supporting the view that operating performance improved during the quarter.

Revenue rises sequentially to ₹369.08 crore

Revenue from operations in Q4 FY26 stood at ₹369.08 crore. This was up 21.66% QoQ, indicating improved execution and higher revenue in the quarter ended 31 March 2026. The report linked the sequential improvement to better demand and execution across segments. While the topline rise supported profitability, the year-on-year comparison remained weaker.

YoY performance remains under pressure

Despite the strong sequential rebound, Cyient DLM’s year-on-year (YoY) numbers were weaker in Q4 FY26. Net profit declined 27.70% YoY. Revenue fell 13.77% YoY versus Q4 FY25. Another reported data point put Q4 FY25 profit at about ₹31 crore and revenue at ₹428.05 crore, highlighting the base from the year-ago quarter.

PBT climbs QoQ, drops YoY

PBT for Q4 FY26 was ₹31.68 crore. This marked a 112.47% QoQ increase, in line with the PAT trend. However, PBT declined 23.97% YoY, reflecting pressure compared with the year-ago quarter. The split between strong sequential improvement and weaker YoY outcomes remained consistent across profitability metrics.

EBITDA improves sequentially; margin ticks up

EBITDA for Q4 FY26 came in at ₹43.1 crore. It rose 39.48% sequentially but fell 24.91% YoY. EBITDA margin improved to 11.7% in Q4 FY26 from 10.2% in Q3 FY26, showing better operating leverage quarter-on-quarter. Still, the margin was lower than 13.4% in Q4 FY25, as cited in the report.

Order book grows to ₹2,416.6 crore

Cyient DLM reported an order book of ₹2,416.6 crore at the end of the quarter. The order book increased 2.86% QoQ and 26.78% YoY. This growth was highlighted as supporting demand visibility. The order book performance stood out as a comparatively stronger line item against the weaker YoY profit and revenue trend.

Full-year FY26 snapshot from reported figures

For full FY26, the report cited profit of ₹73.28 crore, up 7.6%. Revenue from operations for the year was reported at ₹1,261.48 crore, down 17%. These numbers indicate that while profit grew for the full year, revenue contracted, suggesting a mixed operating backdrop for FY26 as a whole.

Business profile and sector context

Cyient DLM is a subsidiary of Cyient and operates in the electronic manufacturing services (EMS) space. The company is described as an integrated EMS and solutions provider with capabilities across the value chain and the product life cycle. The stock is classified under the Capital Goods sector and Electric Equipment industry in the report context. The quarter’s results reinforce the point that near-term execution can drive sharp QoQ swings, even when YoY comparisons remain challenging.

Key reported metrics at a glance

Why this quarter matters for investors

The headline for Q4 FY26 was the sharp sequential improvement, with PAT nearly doubling and margins improving versus the previous quarter. At the same time, the YoY decline in profit, revenue, and EBITDA margin underlined that the company is still operating below last year’s Q4 level on key metrics. The order book growth to ₹2,416.6 crore provided a counterbalance, signalling continuing demand visibility. For market participants, the mix of strong QoQ recovery and weaker YoY comparison is central to interpreting the sustainability of the rebound.

Conclusion

Cyient DLM’s Q4 FY26 results showed a strong turnaround from Q3 FY26, led by higher revenue, improved EBITDA margin, and a near-doubling of PAT to ₹22.44 crore. However, the YoY declines in profit, revenue, and margins indicate ongoing pressure versus the year-ago quarter, even as the order book expanded to ₹2,416.6 crore. The stock ended higher on the BSE after the announcement, reflecting the market’s focus on the sequential recovery and order book visibility.