Electronic manufacturing services (EMS) firm Cyient DLM Ltd reported a net profit of ₹22.4 crore for the fourth quarter ended March 31, 2026, representing a 27.7% decline from ₹31 crore in the same period last year. According to reports from CNBC TV18, revenue dipped 13.8% year-on-year to ₹369 crore from ₹428 crore, while EBITDA slid 25% to ₹42.9 crore from ₹57.2 crore a year ago. The EBITDA margin came in at 11.6%, compared with 13.4% in Q4FY25.
The company reported a closing order book of ₹2,416.6 crore, the highest in the last 10 quarters, with a book-to-bill ratio above one across all four quarters and QoQ order book growth of 15% driven by a sustained book-to-bill ratio of 1.2. As reported by CNBC TV18, both EBITDA and PAT were at their highest levels in the last four quarters, while operating free cash flow for FY26 stood at ₹28.1 crore.
The defence segment recorded a 68% year-on-year decline in Q4 due to the completion of large aerospace and defence orders, while aerospace remained the dominant segment in the overall mix. According to the company's report, PCBA accounted for 48% of revenue, continuing its strong share across industry segments, while box build revenue rose 17% year-on-year. Geographically, the rest of the world contributed a higher share of business, driven by increased demand from aerospace, medical, and industrial customers outside India.
Finance costs declined 34.4% due to lower interest rates and reduced working capital borrowings, while other income increased 54.8% on favourable foreign exchange movements in the fourth quarter. As reported by CNBC TV18, the company noted that FY26 revenue growth was impacted by the completion of a large order in FY25. Shares of Cyient DLM Ltd ended at ₹360.20, up by ₹14.65, or 4.24% on the BSE today, April 21.
