Cyient Ltd.
CYIENTInformation Technology filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
19 transcript(s)/analyst meet(s) served; 2 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 19 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20201027 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210430 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210801 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211108 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220207 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220819 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221116 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230209 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230529 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230808 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231101 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240202 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240502 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240807 | 2024-06-30 | yes | |
| DUPLICATE | 20240807 | 2024-06-30 | no | |
| TRANSCRIPT | 20241105 | 2024-09-30 | yes | |
| DUPLICATE | 20241105 | 2024-09-30 | no | |
| TRANSCRIPT | 20250129 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250201 | 2024-12-31 | yes | |
| TRANSCRIPT | 20251023 | 2025-09-30 | yes | |
| TRANSCRIPT | 20251224 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260429 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260608 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260730 | 2026-03-31 | yes |
CYIENT
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,057.80 |
| 52-week range | 752.85 – 1211.7 |
| Return 1M | 8.04% |
| Return 3M | 19.36% |
| Return 1Y | -10.4% |
| Return 3Y | -35.69% |
| Return 5Y | -2.22% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,076.00 |
| Other income | 7.00 |
| Total income | 2,083.00 |
| Cost of materials consumed | 293.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 7.00 |
| Employee benefit expense | 1,123.00 |
| Finance costs | 22.00 |
Ownership — 2026-07-15, and the change from 2026-06-30
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.25 | 0.01 |
| institutions foreign | 0.15 | 0.00 |
| institutions domestic | 0.37 | -0.02 |
| mutual funds | 0.30 | -0.01 |
| public | 0.75 | -0.01 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| DUPLICATE | 2024-09-30 | 2 |
| TRANSCRIPT | 2026-03-31 | 22 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,181.00 | 1,250.00 | 1,396.00 | 1,618.00 | 1,751.00 | 1,686.00 | 1,778.00 | 1,821.00 | 1,861.00 | 1,676.00 | 1,849.00 | 1,926.00 | 1,781.00 | 1,848.00 | 1,927.00 | 2,076.00 |
| Other income | 49.00 | 34.00 | 20.00 | 28.00 | 0.00 | 10.00 | 14.00 | 19.00 | 23.00 | 21.00 | 51.00 | -17.00 | 50.00 | 31.00 | 27.00 | 7.00 |
| Total income | 1,231.00 | 1,284.00 | 1,416.00 | 1,646.00 | 1,752.00 | 1,697.00 | 1,792.00 | 1,840.00 | 1,884.00 | 1,697.00 | 1,900.00 | 1,910.00 | 1,831.00 | 1,879.00 | 1,954.00 | 2,083.00 |
| Cost of materials consumed | 140.00 | 147.00 | 143.00 | 166.00 | 228.00 | 186.00 | 254.00 | 269.00 | 281.00 | 225.00 | 289.00 | 339.00 | 187.00 | 198.00 | 266.00 | 293.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -2.00 | 5.00 | -7.00 | 11.00 | 3.00 | -8.00 | -11.00 | -10.00 | 6.00 | -28.00 | 26.00 | -10.00 | 1.00 | -4.00 | -30.00 | 7.00 |
| Employee benefit expense | 577.00 | 638.00 | 722.00 | 825.00 | 841.00 | 867.00 | 858.00 | 897.00 | 891.00 | 895.00 | 902.00 | 951.00 | 1,006.00 | 1,021.00 | 1,044.00 | 1,123.00 |
| Finance costs | 10.00 | 16.00 | 31.00 | 26.00 | 26.00 | 28.00 | 27.00 | 29.00 | 32.00 | 26.00 | 28.00 | 20.00 | 16.00 | 14.00 | 14.00 | 22.00 |
| Depreciation and amortisation | 43.00 | 51.00 | 63.00 | 70.00 | 73.00 | 68.00 | 66.00 | 66.00 | 67.00 | 66.00 | 66.00 | 68.00 | 72.00 | 70.00 | 68.00 | 77.00 |
| Other expenses | 253.00 | 268.00 | 333.00 | 332.00 | 357.00 | 327.00 | 352.00 | 340.00 | 348.00 | 319.00 | 335.00 | 368.00 | 369.00 | 396.00 | 424.00 | 389.00 |
| Total expenses | 1,022.00 | 1,124.00 | 1,286.00 | 1,431.00 | 1,528.00 | 1,466.00 | 1,546.00 | 1,590.00 | 1,625.00 | 1,502.00 | 1,646.00 | 1,736.00 | 1,650.00 | 1,696.00 | 1,786.00 | 1,910.00 |
| Profit before exceptional items and tax | 208.00 | 160.00 | 130.00 | 215.00 | 224.00 | 230.00 | 246.00 | 250.00 | 259.00 | 195.00 | 254.00 | 174.00 | 181.00 | 184.00 | 168.00 | 172.00 |
| Exceptional items | 0.00 | 0.00 | -22.00 | -9.00 | -16.00 | -11.00 | -6.00 | -50.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.00 | -42.00 | -71.00 | 0.00 |
| Profit before tax | 208.00 | 160.00 | 108.00 | 206.00 | 208.00 | 219.00 | 240.00 | 200.00 | 259.00 | 195.00 | 254.00 | 174.00 | 201.00 | 142.00 | 97.00 | 172.00 |
| Current tax | 46.00 | 41.00 | 54.00 | 56.00 | 50.00 | 63.00 | 54.00 | 56.00 | 66.00 | 60.00 | 70.00 | 48.00 | 89.00 | 51.00 | 73.00 | 61.00 |
| Deferred tax | 8.00 | 2.00 | -24.00 | -7.00 | -6.00 | -13.00 | 3.00 | -9.00 | -4.00 | -13.00 | -2.00 | -2.00 | -35.00 | -8.00 | -43.00 | 1.00 |
| Tax expense | 54.00 | 43.00 | 29.00 | 50.00 | 44.00 | 50.00 | 57.00 | 46.00 | 62.00 | 47.00 | 68.00 | 46.00 | 54.00 | 42.00 | 30.00 | 62.00 |
| Profit for the period | 154.00 | 116.00 | 79.00 | 156.00 | 163.00 | 169.00 | 184.00 | 153.00 | 197.00 | 148.00 | 187.00 | 128.00 | 143.00 | 97.00 | 66.00 | 109.00 |
| Profit attributable to owners | 0.00 | 116.00 | 79.00 | 156.00 | 163.00 | 168.00 | 178.00 | 147.00 | 189.00 | 144.00 | 179.00 | 122.00 | 128.00 | 92.00 | 55.00 | 104.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 5.00 | 6.00 | 8.00 | 4.00 | 8.00 | 5.00 | 15.00 | 5.00 | 11.00 | 5.00 |
| Other comprehensive income | 3.00 | 0.00 | 3.00 | 18.00 | 38.00 | -1.00 | -2.00 | 39.00 | -47.00 | -1.00 | 63.00 | -54.00 | 40.00 | 52.00 | 80.00 | 37.00 |
| Total comprehensive income | 157.00 | 117.00 | 82.00 | 174.00 | 202.00 | 168.00 | 181.00 | 192.00 | 150.00 | 146.00 | 250.00 | 74.00 | 183.00 | 149.00 | 146.00 | 146.00 |
| Earnings per share, basic | 14.12 | 10.63 | 7.24 | 14.26 | 14.91 | 15.35 | 16.27 | 13.41 | 17.22 | 13.09 | 16.28 | 11.11 | 11.55 | 8.32 | 4.96 | 9.42 |
| Earnings per share, diluted | 14.03 | 10.57 | 7.20 | 14.17 | 14.79 | 15.20 | 16.11 | 13.29 | 17.07 | 12.98 | 16.14 | 11.02 | 11.48 | 8.26 | 4.93 | 9.37 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,618.00 | 4,427.00 | 4,132.00 | 4,534.00 | 6,016.00 | 7,147.00 | 7,268.00 |
| Other income | 134.00 | 158.00 | 140.00 | 112.00 | 81.00 | 66.00 | 177.00 |
| Total income | 4,752.00 | 4,586.00 | 4,272.00 | 4,646.00 | 6,097.00 | 7,213.00 | 7,445.00 |
| Cost of materials consumed | 394.00 | 407.00 | 516.00 | 588.00 | 684.00 | 989.00 | 813.00 |
| Purchases of stock-in-trade | 11.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 14.00 | -14.00 | 10.00 | -18.00 | 12.00 | -24.00 | -27.00 |
| Employee benefit expense | 2,537.00 | 2,478.00 | 2,161.00 | 2,266.00 | 3,026.00 | 3,512.00 | 4,034.00 |
| Finance costs | 33.00 | 49.00 | 43.00 | 39.00 | 100.00 | 116.00 | 61.00 |
| Depreciation and amortisation | 111.00 | 188.00 | 194.00 | 192.00 | 257.00 | 267.00 | 278.00 |
| Other expenses | 1,029.00 | 1,009.00 | 870.00 | 880.00 | 1,290.00 | 1,367.00 | 1,538.00 |
| Total expenses | 4,129.00 | 4,115.00 | 3,795.00 | 3,948.00 | 5,369.00 | 6,227.00 | 6,697.00 |
| Profit before exceptional items and tax | 623.00 | 471.00 | 477.00 | 698.00 | 728.00 | 986.00 | 749.00 |
| Exceptional items | -4.00 | 0.00 | 0.00 | 0.00 | -47.00 | -68.00 | -93.00 |
| Profit before tax | 619.00 | 471.00 | 477.00 | 698.00 | 681.00 | 918.00 | 656.00 |
| Current tax | 151.00 | 118.00 | 135.00 | 169.00 | 202.00 | 239.00 | 260.00 |
| Deferred tax | -8.00 | 9.00 | -22.00 | 7.00 | -35.00 | -23.00 | -79.00 |
| Tax expense | 143.00 | 127.00 | 113.00 | 176.00 | 167.00 | 216.00 | 182.00 |
| Profit for the period | 477.00 | 341.00 | 364.00 | 522.00 | 514.00 | 703.00 | 463.00 |
| Profit attributable to owners | 478.00 | 342.00 | 0.00 | 0.00 | 514.00 | 683.00 | 428.00 |
| Profit attributable to non-controlling interests | 1.00 | -1.00 | 0.00 | 0.00 | 0.00 | 20.00 | 35.00 |
| Other comprehensive income | 33.00 | 13.00 | 23.00 | 2.00 | 60.00 | -11.00 | 245.00 |
| Total comprehensive income | 510.00 | 354.00 | 387.00 | 524.00 | 575.00 | 692.00 | 708.00 |
| Earnings per share, basic | 42.43 | 31.14 | 33.08 | 47.75 | 47.03 | 62.24 | 38.78 |
| Earnings per share, diluted | 42.36 | 31.14 | 33.06 | 47.54 | 46.71 | 61.71 | 38.54 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 6,556.00 | 6,548.00 | 7,089.00 | 7,004.00 | 7,551.00 | 7,922.00 | 8,324.00 |
| Non-current assets | 3,268.00 | 3,357.00 | 3,333.00 | 3,444.00 | 3,446.00 | 3,677.00 | 3,658.00 |
| Current assets | 3,288.00 | 3,191.00 | 3,755.00 | 3,559.00 | 4,105.00 | 4,245.00 | 4,666.00 |
| Property, plant and equipment | 727.00 | 725.00 | 705.00 | 773.00 | 731.00 | 726.00 | 720.00 |
| Capital work-in-progress | 9.00 | 3.00 | 12.00 | 2.00 | 8.00 | 8.00 | 5.00 |
| Goodwill | 1,440.00 | 1,636.00 | 1,630.00 | 1,669.00 | 1,752.00 | 1,913.00 | 1,972.00 |
| Other intangible assets | 546.00 | 463.00 | 418.00 | 384.00 | 358.00 | 424.00 | 393.00 |
| Inventories | 409.00 | 436.00 | 469.00 | 468.00 | 530.00 | 597.00 | 653.00 |
| Trade receivables | 947.00 | 1,127.00 | 1,222.00 | 1,262.00 | 1,361.00 | 1,171.00 | 1,306.00 |
| Cash and cash equivalents | 1,063.00 | 622.00 | 510.00 | 485.00 | 1,164.00 | 1,188.00 | 1,458.00 |
| Total equity and liabilities | 6,556.00 | 6,548.00 | 7,089.00 | 7,004.00 | 7,551.00 | 7,922.00 | 8,324.00 |
| Equity | 3,178.00 | 3,464.00 | 4,330.00 | 4,557.00 | 5,586.00 | 6,033.00 | 6,163.00 |
| Equity share capital | 55.00 | 55.00 | 55.00 | 56.00 | 56.00 | 56.00 | 56.00 |
| Other equity | 3,126.00 | 3,411.00 | 3,982.00 | 4,203.00 | 5,085.00 | 5,509.00 | 5,626.00 |
| Total liabilities | 3,377.00 | 3,085.00 | 2,758.00 | 2,447.00 | 1,966.00 | 1,889.00 | 2,161.00 |
| Non-current liabilities | 688.00 | 1,062.00 | 846.00 | 789.00 | 476.00 | 538.00 | 568.00 |
| Current liabilities | 2,690.00 | 2,023.00 | 1,912.00 | 1,658.00 | 1,489.00 | 1,351.00 | 1,593.00 |
| Borrowings, non-current | 31.00 | 690.00 | 601.00 | 278.00 | 0.00 | 93.00 | 78.00 |
| Borrowings, current | 1,332.00 | 528.00 | 438.00 | 174.00 | 276.00 | 73.00 | 88.00 |
| Trade payables | 658.00 | 714.00 | 658.00 | 688.00 | 558.00 | 404.00 | 537.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 1,061.00 | 150.00 | 554.00 | 168.00 | 726.00 | 182.00 | 437.00 | 787.00 |
| Net cash from investing activities | -382.00 | -868.00 | -1,033.00 | -503.00 | -533.00 | 144.00 | -42.00 | 112.00 |
| Net cash from financing activities | -541.00 | 586.00 | -109.00 | 224.00 | -266.00 | 323.00 | -297.00 | -569.00 |
| Purchase of property, plant and equipment | 65.00 | 23.00 | 68.00 | 41.00 | 85.00 | 54.00 | 64.00 | 98.00 |
| Net increase in cash | 143.00 | -149.00 | -562.00 | -114.00 | -77.00 | 657.00 | 118.00 | 376.00 |
| con:CFO.BEFORE_TAX | 896.00 | 182.00 | 683.00 | 272.00 | 1,004.00 | 301.00 | 530.00 | 981.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | -165.00 | 32.00 | 129.00 | 104.00 | 278.00 | 119.00 | 119.00 | 274.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.00 | 80.00 |
| con:INVESTMENTS_PURCHASED | 325.00 | 34.00 | 899.00 | 57.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 44.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 2.00 | 0.00 | 2.00 | 4.00 | 7.00 | 1.00 | 0.00 | 4.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 18.00 | 882.00 | 0.00 | 0.00 | 155.00 | 156.00 | 0.00 | -8.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 | 2026-07-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 23.35 | 23.20 | 23.20 | 23.16 | 23.16 | 23.15 | 23.14 | 23.29 | 23.28 | 0.23 | 0.23 | 0.23 | 0.23 | 0.25 |
| Domestic institutions | 21.31 | 21.56 | 22.69 | 25.92 | 27.09 | 29.72 | 30.32 | 34.12 | 35.63 | 0.38 | 0.39 | 0.41 | 0.39 | 0.37 |
| Mutual funds | — | — | — | — | — | — | — | — | 29.47 | 0.32 | 0.32 | 0.33 | 0.32 | 0.30 |
| Insurance companies | 0.28 | 0.67 | 1.13 | 1.96 | 2.44 | 4.56 | 5.54 | 4.51 | 4.45 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Foreign institutions | 36.56 | 35.71 | 34.10 | 31.05 | 29.47 | 28.38 | 28.23 | 23.85 | 21.37 | 0.18 | 0.15 | 0.15 | 0.15 | 0.15 |
| Government | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 75.72 | 75.90 | 75.91 | 75.95 | 76.01 | 76.03 | 76.05 | 75.92 | 76.04 | 0.76 | 0.76 | 0.76 | 0.76 | 0.75 |
| Non-institutional | 17.85 | 18.63 | 19.12 | 18.99 | 19.44 | 17.93 | 17.50 | 17.94 | 19.04 | 0.20 | 0.21 | 0.20 | 0.23 | 0.23 |
| Shares outstanding | 110607559 | 110763961 | 110810676 | 110889812 | 110916004 | 110950717 | 111010979 | 111038924 | 111050734 | 111087132 | 111102195 | 111126188 | 111141804 | 104741804 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Cyient Europe Limited | Subsidiary | Any other transaction, Interest received, Loan, Purc | 3,312,570,000.00 | 16 |
| Cyient Norway AS | Subsidiary | Any other transaction, Dividend received, Interest p | 3,280,550,000.00 | 24 |
| Cyient Inc. | Subsidiary | Any other transaction, Purchase of goods or services | 2,965,620,000.00 | 55 |
| Cyient Oy Ab | Fellow Subsidiary | Any other transaction, Interest paid, Interest recei | 2,663,720,000.00 | 18 |
| Cyient Benelux BV | Subsidiary | Any other transaction, Dividend received, Interest p | 1,089,510,000.00 | 15 |
| Cyient Engineering AB | Subsidiary | Any other transaction, Interest paid, Purchase of go | 1,030,840,000.00 | 18 |
| Citec group Oy Ab | Subsidiary | Any other transaction, Dividend received, Interest p | 1,005,250,000.00 | 4 |
| Grit Consulting Pte Ltd | Fellow Subsidiary | Any other transaction, Dividend received, Interest p | 671,720,000.00 | 13 |
| Sentiec Oyj | Subsidiary | Any other transaction, Dividend received, Loan | 586,760,000.00 | 9 |
| CYIENT LIMITED | Subsidiary | Any other transaction, Interest paid, Loan, Purchase | 540,660,000.00 | 9 |
| Cyient SRO | Subsidiary | Any other transaction, Interest received, Loan, Purc | 477,530,000.00 | 10 |
| Celfinet UK Telecommunications Consulting Services Ltd | Subsidiary | Any other transaction, Dividend received, Loan, Purc | 472,010,000.00 | 8 |
| Cyient GmbH | Subsidiary | Any other transaction, Interest paid, Loan, Purchase | 438,280,000.00 | 31 |
| Cyient KK | Subsidiary | Any other transaction, Purchase of goods or services | 381,380,000.00 | 12 |
| Cyient Singapore Private Limited | Fellow Subsidiary | Any other transaction, Interest received, Loan, Sale | 367,710,000.00 | 14 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-30 | Q4FY26 | Read the call | |
| 2026-04-29 | Q4FY26 | Read the call | |
| 2025-02-01 | Q3FY25 | Read the call | |
| 2025-01-29 | Q3FY25 | Read the call | |
| 2024-11-05 | Q2FY25 | LIMITED | Read the call |
| 2024-08-07 | Q1FY25 | Read the call | |
| 2024-05-02 | Q4FY24 | LIMITED | Read the call |
| 2024-02-02 | Q3FY24 | LIMITED | Read the call |
| 2023-11-01 | Q2FY24 | EXECUTIVE, FINANCIAL OFFICER, CYIENT LIMITED, KRISHNA | Read the call |
| 2023-08-08 | Q1FY24 | LIMITED | Read the call |
| 2023-05-29 | Q4FY23 | CYIENT LIMITED [RETIRED], LIMITED, – CYIENT LIMITED | Read the call |
| 2023-02-09 | Q3FY23 | Read the call | |
| 2022-11-16 | Q2FY23 | Read the call | |
| 2022-08-19 | Q1FY23 | Read the call | |
| 2022-02-07 | Q3FY22 | Read the call | |
| 2021-11-08 | Q2FY22 | Read the call | |
| 2021-08-01 | Q1FY22 | Read the call | |
| 2021-04-30 | Q4FY21 | MURUGAPPAN, NON-EXECUTIVE, NON-EXECUTIVE DIRECTOR, CYIENT LIMITED | Read the call |
| 2020-10-27 | Q2FY21 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY22 | Q3FY23 | Q3FY24 | Q3FY25 | Q4FY21 | Q4FY23 | Q4FY24 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | There were some capex programs that were put on hold in the early part of this year, which is coming back. | — | Mohit, in the last few years, we have been making some investment that's why our capex was higher. | — | — | Also, you will notice that the capex spending this quarter is a little bit higher, which is reflective of the cyclical IT system refresh and a project… |
| Capital allocation | Also the advantage with this divestment is we no longer have an obligation to restrict foreign ownership in Cyient which was previously capped at 49% … | If you take add the Services level, including Acquisition year-on-year at 34.4% and 28.6% at the group level. | Q3 23, we just completed the acquisition of Citec. | The group EBIT and PAT are normalized for one-off M&A expenses incurred in the recent Altek acquisition by Cyient DLM and you'll also see significant … | We also declared the highest ever dividend at Rs.17 per share. | I'm also delighted to inform you that we declared the highest ever dividend for the year at INR 26 per share, which included an interim dividend of IN… | Cyient Limited April 25, 2024 I'm also happy to announce a final dividend of INR18 per share which the Board has approved and will recommend to the sh… | The buyback, of course, is subject to shareholder approval and will be carried out along the lines of SEBI guidelines. |
| Costs | — | — | — | — | — | And how do you think we can really manage the cost and the control, which is the wage inflation that's going to happen during this year. | — | We're talking of on the cost side, delivering the same revenue using automation, AI, etc, which will bring in further savings in our costs. |
| Debt and cash | The point I was making there is a well-rounded effort in the company and as Krishna highlighted focus on profitable growth, getting to the industry le… | We have generated 1,362 million of free cash flow which is almost 50% conversion. | — | — | In terms of cash flow, as you can see that for the full year, we have generated Rs.761 crores; from Services Rs.753 crores and from DLM about Rs.8 cro… | So, the net debt for the company is zero. | The DET FY24 free cash flow stood at INR754 crores, our best ever, a significant improvement of 71% year-on-year. | I'm also pleased to announce that the Board has agreed in principle to explore a fundraise in the market in a combination of debt and equity, given th… |
| Demand | But in terms of the capacity as well as the demand, we are very well set year-on-year growth can be 20%-30% each year. | I think this is something which is giving us confidence about the demand momentum. | And your commentary about the demand revival is also mixed with some segments doing extremely good, with some segments still not out of the woods. | It is because of the ramp-up in new deals in aerospace in the last 1 year, combined with some good steady demand from existing customers, including ou… | In terms of the performance also I think we have been doing well both in terms of the revenue as well as the pipeline and the order intake that we hav… | Connectivity, and we continue to see a demand even through fiscal ’24. | As all of you are aware about the macro and challenges due to the high interest rates and geopolitical uncertainty and the global demand slowing down,… | We're now exiting or entering into FY27 with the highest order book in Cyient DLM's history, which means that we will deliver a very strong year in FY… |
| Guidance | I think if you look at year- on-year numbers of our earnings growth, they are reflective of the journey that we expect for the full year and we are ve… | But in steady state, our guidance will be more like 25% to 26% of tax rate. | We've downgraded our guidance to 13% to 13.5% this quarter. | And the board, of course, will continue to provide oversight, guidance and counsel. | In terms of the other income and tax, I think we are going in line with whatever we had forecasted and I will try to give more color on how we expect … | Krishna will talk about guidance for the year. | As you all know, being a responsible corporate business, has been the guiding principle of business philosophy since our inception 33 years ago. | The current geopolitical situation did have an effect as well with some deals in West Asia in our energy business being pushed out, and we expect that… |
| Margin | Group EBIT margin stood at 13.9% up 272 bps year-on-year, marginally down by 14 bps quarter-on-quarter. | Normalized group EBITDA margin, excluding the impact of the exceptional items, stood at 17.2%, which was up 78 bps quarter-on-quarter and down 79 bps … | So growth and margin now will go hand in hand? | So, we've also made sure that all the salary increases have been effective, which was impacted in Q3. And there's further salary increases which will … | Normalized EBIT margin stood at 12.6% for the quarter, higher by 148 basis points on a QoQ basis. | Normalized group EBITDA margin was at 18.4%, which was up 118 basis points quarter-on- quarter and 30 basis points year-on-year. | The Q4 FY24 DET EBIT margin stood at 16%, up by 90 bps year-on-year. | On the positive side, quarter-over-quarter, gross margin improved by 114 bps. Annually, North America grew 5.5% year-over-year and APAC grew 3.3% year… |
| People | From lower billing days I talked about, about 107 bps. In terms of tailwinds, I think it is very nice that we are continuously getting the improvement… | In H1, we had taken extraordinary steps to take arrest of attrition and make us very competitive in terms of the people side. | And a follow-up question to that is do you expect any attrition? | — | But our attrition is now upwards of 21%. | Would want to understand what kind of headcount addition you're looking in FY24, and then I have a bookkeeping question | Can you please explain what led to decline in the headcount in Q4? | — |
| Pricing | The second thing is price increases, were starting that to see the customers are being quite realistic and receptive. | The organic offshore mix has gone up by about 180 basis points as compared to Q2 and our initiatives on automation, cease & cure and price hikes conti… | — | — | We are also looking at some other initiatives for customers in terms of change request; pricing and other things. | We have got some price hikes, we have seen the environment, we are able to take for some customers price increases, volume impact of SG&A and of cours… | — | Some of our existing customers have also backed us on price increases this year. |
| Revenue growth | In US dollar terms we posted a revenue of $157.9 million which is a growth of 11.7% year-on-year and 5.2% quarter-on-quarter. | In Q3 FY23, we posted revenue of $197 million, which is a year-on-year growth of 28.6% in constant currency, 24.8% in US dollars and quarter-on-quarte… | So I think to answer your second question, automotive has seen year-to-date growth of 25% year-on-year compared to the first nine months of last year. | The Q3 FY25 dollar revenue for DET stood at 175.2 million, a Q-o-Q growth of 2.4% in constant currency and a year-on-year degrowth of 1.9% in constant… | It gives you compounded annual growth of 29% on your money. | This represented a growth of 39.1% year-on-year in constant currency, 35.9% in US dollars. | The Q4 FY24-dollar revenue for DET stood at $179.3 million, a Q-o-Q degrowth of 0.5% in constant currency and a Y-o-Y growth of 1.8% in constant curre… | However, a shift in some clients' budget deployments created a downward variance against the visibility we had set at the beginning of the quarter, le… |