Cyient shares rallied 9% to hit a fresh 52-week high of ₹1,245 following exceptional second quarter results for fiscal 2027. The stock has broken out of a nearly two-month consolidation phase, demonstrating strong bullish momentum with short-term targets above ₹1,300 levels in the next 3-4 weeks. As per The Economic Times, the engineering services company's shares have shown remarkable resilience, jumping more than 3% in the past week and 15% over the month, with the stock having touched a year's low of ₹750.30 on March 30, 2026. The scrip has a total market capitalisation of ₹12,822.52 crore as of October 23, 2026, reflecting investor confidence in the company's improved operational performance and growth prospects.
Cyient delivered exceptional second quarter results for fiscal 2027, with consolidated net profit rising 17% quarter-on-quarter to ₹121.4 crore compared to ₹104.1 crore in the previous quarter. According to CNBC TV18, the engineering services firm's revenue from operations increased 7.7% quarter-on-quarter to ₹2,235 crore in the July to September quarter from ₹2,075.7 crore in Q1FY26. However, as per The Economic Times, net profit declined around 8% year-on-year to ₹132 crore from ₹143 crore in the year-ago period. The company achieved its highest EBIT in 10 quarters, with EBIT rising 21.6% year-on-year to ₹228.3 crore. As per the latest exchange filing, EBITDA surged 21.6% to ₹228.3 crore from ₹187.7 crore in Q1FY26, with EBITDA margin expanding to 10.21% compared to 9.04% quarter-on-quarter. The company also declared an interim dividend of ₹12 per share for fiscal 2027, with the board fixing October 28, 2026 as the record date and the dividend to be paid by November 17, 2026.
Cyient achieved its highest-ever Q2 order intake with 20.8% year-on-year growth, as reported by CNBC TV18. CEO Sukamal Banerjee highlighted that technology order intake also grew 39.7% YoY, describing it as a clear signal that customers value AI grounded in engineering. The company's Digital, Engineering and Technology (DET) segment reported revenue of ₹1,664 crore in Q2FY27, up 8.05% quarter-on-quarter from ₹1,540 crore in the previous quarter, with revenue increasing 15.7% year-on-year. In constant currency terms, DET revenue advanced 7.5% QoQ and 6.3% YoY to $174.2 million in the September quarter of FY27. According to Prabhudas Lilladher's latest research report, DET delivered a healthy Q2FY27 performance with revenue growth of 7.5% QoQ CC, ahead of their estimate of 4.7%, including US$9.6mn contribution from TAO Digital, while organic growth stood at 1.6% QoQ CC. The EBIT margin expanded ~100 bps QoQ to 14.2%, beating their estimate of 13.5%, driven by cost optimization initiatives and TAO Digital's contribution. The Transportation & Mobility sustained its momentum (+4.5% QoQ CC), supported by automotive, mobility and commercial aerospace, while Networks & Infrastructure remained broadly flat (-0.3%) amid project completions and weakness in utilities.
Cyient's semiconductor business delivered 8% revenue growth quarter-on-quarter, marking its sixth consecutive quarter of growth and securing a significant turnkey program and major engagement with a global semiconductor company. According to CNBC TV18, Cyient DLM achieved revenue growth over 26.5% YoY and over 30% in H1, with growth across all key segments led by Aerospace and Industrial. AI data-centre power products remain on track, with R&D investments expected to begin translating into revenue next fiscal year. While near-term supply constraints may impact margins and growth, a healthy order book and ASIC pipeline of over $100 million underpin confidence in the long-term outlook. Looking ahead, the company identified defence, semiconductors and artificial intelligence as key growth opportunities, with management saying strong order books, a maturing business pipeline and targeted investments in high-growth areas would help navigate near-term industry challenges.
Alongside the quarterly results, Cyient declared an interim dividend of ₹12 per share for fiscal 2027, with the record date set for October 28, 2026. According to CNBC TV18, Cyient shares ended 2.22% lower at ₹1,143.70, compared to a 0.54% decline in the NSE Nifty 50. However, as per The Economic Times, Cyient shares surged 8.86% to ₹1,245 during Friday's trading session. Prabhudas Lilladher has now recommended an accumulate rating on Cyient with a revised target price of ₹1,310, up from their earlier target of ₹1,240. The brokerage expects cost optimization initiatives to support margins and offset wage hikes impacts in H2FY27, with the strong order intake and healthy pipeline supporting the revenue outlook. The stock has a market capitalization of ₹13,804.72 crore with a P/E ratio of 18.77. Looking at its last 52-week performance, the stock has touched a low of ₹750.30 and a high of ₹1,224.40. According to Trendlyne's technical indicators, the stock is currently trading above six of its eight simple moving averages, indicating a positive trend across most technical benchmarks.
