Cyient DLM Q2 revenue rises 26.5 pc to Rs 393.1 cr; order book hits record high

In a release, the integrated electronics manufacturing solutions provider reported EBITDA of Rs 34.2 crore, up 9.5 per cent year-on-year, with an EBITDA margin of 8.7 per cent.

Reported PAT stood at Rs 34 crore, including a one-time gain of Rs 18.2 crore from an earnout reversal.

The company’s order book reached an all-time high of Rs 2,813.7 crore, increasing by Rs 214.8 crore sequentially. Free cash flow stood at Rs 17.2 crore during the quarter.

Order intake increased 11 per cent quarter-on-quarter and 15.4 per cent year-on-year, with the company adding three new customers across its core businesses and emerging growth areas. Its book-to-bill ratio stood at 1.6.

Aerospace and Industrial led business growth during the quarter, while Defence and Medical also contributed to the performance, the company said.

Commenting on the results, Managing Director and CEO Rajendra Velagapudi said the company maintained its growth momentum through strong execution across key business segments and a record order book, providing revenue visibility.

He said Cyient DLM would focus on strengthening its core business while investing in growth areas such as artificial intelligence, data centre infrastructure, robotics and semiconductor capital equipment.

During the quarter, the company completed the integration of Altek Electronics, its acquisition in Connecticut, the US, which has been renamed Cyient DLM Electronics Inc.

The integration is expected to strengthen its global operating footprint and ability to serve customers across geographies.

Cyient DLM said it remained positive about its outlook for the year, supported by the record order book and continued demand across key end markets.

It would focus on executing existing orders, maintaining operational discipline and selectively investing in new capabilities and growth areas.

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