DBT Bureau
Pune, 20 Jan 2026
Cyient DLM, an integrated electronics manufacturing services partner for design-led manufacturing, today announced its financial results for the quarter ending December 31, 2025.
Financial Highlights
- Revenue for Q3 stood at ₹303.3 crores, marking -31.7% YoY change
- EBITDA (Normalized) at ₹30.94 crores for Q3, with a 10.2% margin, reflecting a 207bps improvement YoY
- PAT (Normalised) for Q3 is at ₹13.84 crores, at 4.6% of revenues, an increase of 73bps YoY. Reported PAT is ₹11.2 crores, 3.7% of revenue, due to one-off expenses
- YTD Free Cash Flow stood at ₹754M
- YTD Order Intake is over ₹1,400 crores, representing an 87% YoY growth
This quarter reflected the financial impact of customer‑side slowdowns and certain one‑off items that are temporary in nature. Despite this, the company delivered a sustained double‑digit EBITDA margin supported by a healthy revenue mix. Cyient DLM demonstrated strong operational resilience, backed by increased focus on proactive risk identification and mitigation efforts, enhancing operational readiness for mission‑critical sectors.
During the quarter, the company secured new program wins across medical, industrial, aerospace, and mobility sectors with a total order intake of ₹387 crores, and volume ramp-ups are expected in Q4. It also added two new logos in high‑reliability electronics manufacturing, strengthening its Medical and Industrial segments.
Key program wins include engagements with a precision motors major, a medical technology player, and a large industrial OEM. Cyient DLM continued to build strong momentum in its B2S business, beginning revenue conversion this quarter, positioning the company to further expand margins as it moves forward. The company also received a Risk Mitigation Award from Collins Aerospace, underscoring its consistent track record in delivering mission‑critical PCBAs.
Commenting on the quarter, Rajendra Velagapudi, MD and CEO of Cyient DLM, stated that the company remains firmly focused on execution, customer value, and operational rigor. He noted that while near‑term challenges are being addressed with targeted actions, Cyient DLM continues to build a resilient foundation for sustainable long‑term growth. As part of this commitment, the company is strengthening its global reach through the addition of sales leaders across key geographies and a more focused go‑to‑market approach, aligning business development, engineering, and delivery teams closely with industry verticals to drive sharper customer focus.
