Cyient DLM Share Price in Focus; Reports 31.7% YoY Revenue Drop in Q3 FY26 Results

Cyient DLM announced its financial results for the quarter ended December 31, 2025, reflecting the impact of customer-side slowdowns and certain one-off expenses. 

Q3 FY26 Financial Performance

For the third quarter, Cyient DLM reported revenue of ₹303.3 crore, marking a decline of 31.7% year-on-year. Despite the drop in revenue, EBITDA (normalised) stood at ₹30.94 crore with a margin of 10.2%, representing a 207 basis points improvement compared to the same period last year. This margin expansion was supported by a healthier revenue mix and cost optimisation initiatives.

Normalised profit after tax for the quarter came in at ₹13.84 crore, accounting for 4.6% of revenues, reflecting a 73 basis points improvement year-on-year. 

Reported PAT stood at ₹11.2 crore, or 3.7% of revenue, impacted by one-off expenses that the company indicated are temporary in nature.

Cash Flow and Order Book Strength

Cyient DLM reported year-to-date free cash flow of ₹754 million, highlighting strong cash generation despite revenue headwinds. The company’s year-to-date order intake crossed ₹1,400 crore, registering an impressive 87% year-on-year growth. 

During the quarter alone, new orders worth ₹387 crore were secured, providing healthy revenue visibility for upcoming quarters.

Operational Highlights and New Wins

The quarter saw Cyient DLM secure new program wins across medical, industrial, aerospace, and mobility sectors. The company added two new logos in high-reliability electronics manufacturing, strengthening its presence in the Medical and Industrial segments. Key wins included engagements with a precision motors major, a medical technology player, and a large industrial OEM.

Cyient DLM also continued to build momentum in its B2S business, with revenue conversion beginning during the quarter. This is expected to support further margin expansion as scale improves. Additionally, the company received a Risk Mitigation Award from Collins Aerospace, reinforcing its strong execution capabilities in mission-critical PCBAs.

Cyient DLM Share Price Performance

On January 21, 2026, Cyient DLM share price (NSE: CYIENTDLM) opened at ₹352.55, down from its previous close of ₹366.30. At 9:59 AM, the share price of Cyient DLM was trading at ₹361.05, down by 1.43% on the NSE.

Also Read: Cyient’s Arm, Cyient Semiconductors, Qualifies for Key Bid in Semi-Conductor Laboratory Mohali Revamp!

Conclusion

While Q3 FY26 was marked by revenue pressures due to external slowdowns, Cyient DLM’s improved margins, strong order intake, and operational resilience position it well for recovery. With volume ramp-ups expected in Q4 and a robust pipeline across key sectors, the company remains focused on sustainable growth and profitability.

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