Cyient DLM Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹303Cr
- −31.8% YoY
- Net profit
- ₹11Cr
- 0% YoY
- Margin
- 9%
- +3 pp YoY
Guidance rank: #7 of 21 in Aerospace & Defense
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The short version
FY '27 expected to see double-digit growth in build-to-spec (B2S) revenue, increasing from around 6-7% in FY '26 to over 10%. FY '27 expected to show slight double-digit growth in revenue with good growth from FY '28 onwards, driven by B2S programs and improved industry mix.
From Cyient DLM Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY '27 expected to see double-digit growth in build-to-spec (B2S) revenue, increasing from around 6-7% in FY '26 to over 10%.
- Strong order intake momentum with book-to-bill ratio >1.5 YTD, indicating robust revenue visibility.
- Q4 FY '26 anticipated to have positive year-on-year revenue growth, marking a turnaround from recent declines.
- FY '27 revenue growth expected to be substantial, driven by new sales team efforts, industry mix shift, and expansion into new geographies and segments (aerospace, industrial, medical, automotive).
- Build-to-spec programs beginning revenue realization in FY '26, with significant scaling and margin expansion expected from FY '27 onwards.
2 more points from Cyient DLM Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Regular capex and maintenance ongoing at 1% to 2% of revenues.
- Ability to quickly execute additional capex for specific customer needs; equipment/line additions have 3-6 months lead time.
- Land, infrastructure, and building capacity already in place, enabling rapid scaling with new equipment.
- Utilization of IPO proceeds: 15.4% deployed towards capex as of December 2025, with more planned in coming quarters.
- Focus on investments in advanced manufacturing technologies (MES, automation, digitization) to improve efficiency and quality.
- Continued investment in B2S capabilities and technology stacks to scale design-led growth.
2 more points from Cyient DLM Ltd's call on capex
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Top-ranked in Aerospace & Defense
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- As of Q3 FY '26, the order book stands strong at INR 23.5 billion (approximately INR 2,350 crores), reflecting a quarter-on-quarter increase of INR 583 million.
- This marks the third consecutive quarter of positive momentum in order intake.
- The orders booked carry healthy and structurally improved margin profiles compared to historical levels.
- The book-to-bill ratio stands at 1.56 on a year-to-date basis, indicating robust revenue visibility.
- New orders and strong repeat business contributed to a healthy quarterly order intake of INR 387 crores.
- The order book's margins are projected to be better than current margins, supporting double-digit profitability.
2 more points from Cyient DLM Ltd's call on order book
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Cyient DLM Ltd — Quarterly revenue & net profit
Cyient DLM Ltd Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 303 | 444 | -31.8% | 311 | -2.6% |
| Operating profit (EBITDA) | 28 | 28 | 0% | 31 | -9.7% |
| Operating margin | 9% | 6% | +3 pp | 10% | -1 pp |
| Profit before tax | 15 | 15 | 0% | 36 | -58.3% |
| Net profit (PAT) | 11 | 11 | 0% | 32 | -65.6% |
| EPS (₹) | 1.41 | 1.39 | +1.4% | 4.05 | -65.2% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹393 Cr, net profit ₹34 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Cyient DLM's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Cyient DLM Ltd Q3 FY26 results?
FY '27 expected to see double-digit growth in build-to-spec (B2S) revenue, increasing from around 6-7% in FY '26 to over 10%. FY '27 expected to show slight double-digit growth in revenue with good growth from FY '28 onwards, driven by B2S programs and improved industry mix.
What is Cyient DLM Ltd share price analysis?
Cyient DLM Ltd currently shows a neutral. The stock trades at a P/E of 64.3 with a market cap of ₹5,278 Cr. Investors should review the full earnings analysis for detailed insights.
Is Cyient DLM Ltd planning capital expenditure?
Regular capex and maintenance ongoing at 1% to 2% of revenues.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.