Cyient DLM Q2 Result: Aerospace revenue jumps 62%, order book hits record high
Cyient DLM reported higher revenue and profit for the September quarter, supported by growth across its aerospace, industrial and defence businesses. Its order book reached a record high, even as the EBITDA margin narrowed year on year.
Cyient DLM reported a 6% year-on-year increase in consolidated net profit to ₹34 crore for the second quarter of FY27, while revenue from operations rose 26.5% to ₹393 crore, according to an exchange filing on Thursday, October 15.The company had reported a net profit of ₹32 crore and revenue of ₹310 crore in the corresponding quarter last year.Earnings before interest, tax, depreciation and amortisation increased 9.6% year on year to ₹34.1 crore from ₹31.1 crore. However, the EBITDA margin narrowed to 9% from 10% a year earlier.The reported profit includes a gain of ₹18.2 crore from the fair valuation of an earnout liability. Excluding this gain, normalised profit after tax stood at ₹15.82 crore, up 25.8% year on year, according to the company’s results disclosure.Shares of Cyient DLM ended 0.8% lower at ₹1,030 on the NSE.
The stock has gained 16.7% over the past month and risen 148.4% so far this year.Aerospace and industrial segments drive growthThe aerospace business led growth, with revenue rising 62% year on year, while the industrial segment grew 29%. The defence business recorded 13% growth, and medical technology revenue increased 14%.Cyient DLM attributed the increase in revenue to strong performance in its aerospace and industrial businesses, alongside continued traction in defence and MedTech.The company’s order book reached an all-time high of ₹2,813.7 crore, increasing by ₹214.8 crore from the previous quarter. The record order book provides greater visibility into potential future revenue.Management outlines growth prioritiesCommenting on the results, Rajendra Velagapudi, Managing Director and CEO of Cyient DLM, said the company maintained strong growth momentum in the second quarter, supported by execution across key business segments and a record-high order book.He said the order book provided strong revenue visibility and confidence in the company’s growth outlook.Going forward, Cyient DLM plans to strengthen its core business while investing in high-growth areas such as artificial intelligence , data centre infrastructure, robotics and semiconductor capital equipment.Management expects these investments to create greater value over the coming years as products are launched.
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