Cyient DLM Q4 FY26 profit drops 28% to ₹22.44cr

What Cyient DLM reported for March quarter FY26

Electronic manufacturing services (EMS) firm Cyient DLM reported a weaker March quarter on a year-on-year basis, with both profit and revenue declining. The company said consolidated net profit for Q4 FY26 fell 27.7% to ₹22.44 crore. In the year-ago quarter, it had reported a profit of ₹31 crore. Revenue from operations for the quarter stood at ₹369.07 crore, down 13.8% from ₹428.05 crore in the corresponding period last year.

The update matters for investors tracking demand conditions in the EMS space and execution across the company’s programmes. While the annual comparison shows pressure, the quarter also included a strong sequential recovery in both profit and revenue. The company’s reported order book at the end of the March quarter was another key datapoint.

Profit declines year-on-year

Cyient DLM’s consolidated net profit for the March quarter (Q4 FY26) came in at ₹22.44 crore. That compares with ₹31 crore in Q4 FY25, implying a weaker year-on-year performance. The company did not disclose further line-item details in the provided text, but the headline profit contraction sets the tone for the quarter.

From an earnings-read perspective, profit movement is typically assessed alongside revenue trends and the order book. In this quarter, revenue also declined year-on-year, which aligns with the lower profit print.

Revenue down 13.8% in Q4 FY26

Revenue from operations in Q4 FY26 stood at ₹369.07 crore. In Q4 FY25, revenue was ₹428.05 crore. This marks a 13.8% year-on-year decline in operating revenue for the quarter.

For an EMS company, revenue can swing with customer delivery schedules and programme timing. The provided data indicates that Q4 FY26 was softer than the same period last year on sales, which likely fed through to profitability.

Sequential recovery: profit and revenue nearly double QoQ

Despite the year-on-year decline, Cyient DLM reported a sharp improvement compared with the previous quarter. On a quarter-on-quarter basis, profit rose 99.8% and revenue increased 21.7%.

This sequential jump is a key nuance in the update. It suggests Q4 FY26 was meaningfully stronger than Q3 FY26 on both earnings and topline. However, the company’s year-on-year comparisons remain negative for the quarter.

Full-year FY26: profit rises, revenue falls

For the full financial year FY26, Cyient DLM reported mixed performance. Consolidated profit climbed 7.6% to ₹73.28 crore. At the same time, revenue from operations for FY26 fell 17% to ₹1,261.48 crore.

This combination of higher profit with lower revenue points to a year in which earnings held up better than the topline. The text does not provide margin details for FY26, but the headline numbers indicate that profitability improved even as operating revenue contracted.

Order book at ₹2,416.6 crore at end of March quarter

Cyient DLM reported an order book of ₹2,416.6 crore at the end of the March quarter. Order book levels are closely tracked in the EMS segment because they help frame near-term revenue visibility.

For context available in the provided material, the company’s order backlog was cited at ₹1,906.1 crore as of March 31, 2025 (Q4 FY25). Separately, the same dataset also mentioned ₹2,170.5 crore as of March 31, 2024 and ₹2,142.9 crore as of December 31, 2024. Against those reference points, the ₹2,416.6 crore order book for the March quarter in FY26 stands out as a higher absolute level.

Stock reaction and timing of the announcement

Shares of Cyient DLM ended 3.52% higher at ₹357.70 apiece on the BSE on Tuesday. The company announced the financial results after market hours.

A post-market announcement means the full market reaction typically plays out in the next trading session, even though the stock’s closing move on the day offers an early signal of investor positioning.

Key financial snapshot

The table below summarises the main numbers explicitly provided for Q4 FY26 and FY26, alongside the comparable periods where available.

What to watch after the Q4 FY26 update

Two parts of the update are likely to stay on investors’ radar. First is the gap between year-on-year weakness in Q4 FY26 and the sharp quarter-on-quarter rebound, which could shape expectations for execution consistency. Second is the order book level of ₹2,416.6 crore at the end of the March quarter, which provides a datapoint on demand visibility.

Any further detail on segment performance, customer mix, and margins would typically come from company commentary and filings, but those specifics are not included in the provided text.

Conclusion

Cyient DLM’s Q4 FY26 numbers show a year-on-year decline in profit and revenue, offset by strong sequential growth and an order book of ₹2,416.6 crore at quarter-end. The stock finished higher on the BSE ahead of the post-market results announcement, with the next session expected to reflect the fuller market response.