Latest news with #CyientDLM
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Business Standard
23-07-2025
- Business
- Business Standard
Cyient DLM shares tumble 8% as Q1 profit falls; results breakdown here
Shares of Cyient DLM plunged 8 per cent on Wednesday after the company reported a decline in its June quarter net profit for the current financial year (Q1FY26), even as revenue and margins grew. The industrial products maker's stock fell as much as 8.26 per cent during the day to ₹441 per share. The stock pared losses to trade 3.1 per cent lower at ₹466 apiece, compared to a 0.22 per cent advance in Nifty 50 as of 10:48 AM. Shares of the company resumed falling after a day of gains on Tuesday and have slipped nearly 9 per cent from their recent highs of ₹505 per share, which it hit earlier this month. The counter has plunged 30 per cent this year, compared to a 6.2 per cent advance in the benchmark Nifty 50. Cyient DLM has a total market capitalisation of ₹3,699.17 crore, according to BSE data. Cyient DLM Q1 results The company posted a net profit of ₹7.5 crore in the first quarter of FY26, marking a 29.6 per cent decline from ₹10.6 crore reported in the same period last year. Revenue for the June quarter grew 8 per cent year-on-year to ₹278.4 crore, up from ₹257.8 crore. On the margins front, earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 25 per cent to ₹25 crore compared to ₹20 crore a year ago, while the operating margin improved to 9 per cent from 7.8 per cent, reflecting better cost efficiency. Cyient DLM management commentary Revenue drop is majorly due to completion of a large order in FY25, offset by inclusion of the acquisition that was concluded in H2 last year, the company said in an investor presentation. Ebitda growth is healthy due to mix and marginal increase in volumes. The order backlog increased, driven by a record order intake of approximately ₹515 crore during the quarter, the highest in the past 10 quarters. Nearly 50 per cent of this new intake is executable in FY26, the company said. Before the Q1 results, global brokerage firm JPMorgan said that Cyient DLM is seen facing growth challenges in FY26 due to a weak order book and a lack of revenue from Bharat Electronics. It had a 'Neutral' rating on the stock with a target price of ₹450 per share. About Cyient DLM Cyient DLM is a leading Integrated Electronics Manufacturing Solutions provider that offers Design Led Manufacturing (DLM) solutions across the entire product lifecycle. The company serves customers in diverse sectors including Aerospace & Défense, Industrial, and Medical & Healthcare, with a commitment to driving innovation and value-driven solutions.
Business Standard
22-07-2025
- Business
- Business Standard
Cyient DLM consolidated net profit declines 29.62% in the June 2025 quarter
Sales rise 7.96% to Rs 278.43 croreNet profit of Cyient DLM declined 29.62% to Rs 7.46 crore in the quarter ended June 2025 as against Rs 10.60 crore during the previous quarter ended June 2024. Sales rose 7.96% to Rs 278.43 crore in the quarter ended June 2025 as against Rs 257.89 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 8 OPM %9.007.75 -PBDT20.6220.85 -1 PBT10.1014.16 -29 NP7.4610.60 -30 Powered by Capital Market - Live News
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Business Standard
10-07-2025
- Business
- Business Standard
JPMorgan sees EMS as 'sunrise sector'; Syrma, Dixon, Kaynes lead the pack
India's electronic manufacturing services (EMS) space is emerging as a key 'sunrise sector' that enjoys a strong growth led by various tailwinds, JPMorgan said, initiating coverage in various companies. The global brokerage began coverage on Syrma SGS Technology (target: ₹800) and Dixon Technologies (target: ₹17,700), and Kaynes Technologies (target: ₹7,150) with an 'overweight' rating. JPMorgan initiated a 'neutral' rating on Amber Enterprises (target: ₹7,350) and Cyient DLM (target: ₹450), and a 'underweight rating' on Avalon Technologies (target: ₹650). The EMS sector is expected to sustain its strong growth trajectory, with revenue projected to grow at a compound annual growth rate (CAGR) of 32 per cent over the financial year 2025-30. According to estimates by JP Morgan, EMS is set to expand its share in domestic electronics production to 41 per cent by FY30 from 31 per cent in FY25. The growth will be supported by rising electronics content in products, the government's 'Make in India' initiative aimed at import substitution, and a global supply chain shift towards India under the China+1 strategy, it said in a report on July 8. Additionally, two emerging areas, outsourced semiconductor assembly and testing (OSAT) and printed circuit boards (PCBs), offer fresh growth opportunities, JPMorgan added. Exports are also expected to become a key growth driver in the coming years. JPMorgan's take on EMS stocks Syrma SGS Technology: The brokerage expects Syrma to deliver the third-fastest revenue growth in its EMS coverage, projecting a 31 per cent compound annual growth rate (CAGR) over FY25-28. Ebitda margins are expected to expand by 70 basis points to 9 per cent by FY28, driven by strong demand in the industrial and automotive segments. The brokerage also expects exports to stage a comeback from FY27, which could further support growth and margins. While the market appears to have priced in strong mobile growth through FY27, JPMorgan sees further upside from non-mobile segments. Kaynes Technology: The company is expected to clock the fastest revenue growth in JPMorgan's EMS coverage, at 46 per cent CAGR over FY25-28, achieving its $1 billion revenue target by FY28. Growth is likely to be supported by new contributions from outsourced semiconductor assembly and testing (OSAT) and printed circuit boards (PCB) beginning FY27. The brokerage believes that delivering near-term growth could trigger a re-rating. Amber, Cyient DLM, and Avalon: The brokerage expressed scepticism over Amber's growth potential due to a shift from air-conditioner assembly to component manufacturing, driven by brand insourcing. Cyient DLM is seen facing growth challenges in FY26 due to a weak order book and a lack of revenue from Bharat Electronics, JPMorgan said. For Avalon, its high export exposure, 57 per cent of revenues, is seen as a risk amid global tariff uncertainties, likely pressuring FY26 performance. ALSO READ:
United News of India
15-05-2025
- Business
- United News of India
Ajay Kumar Steps Down as Independent Director from Cyient DLM Board
Hyderabad, May 15 (UN I) Hyderabad-based Cyient DLM, an integrated partner for design-led manufacturing, on Thursday announced that Dr. Ajay Kumar has stepped down from the position of Independent Director on the Board of Directors of the Company. Dr. Kumar's resignation follows his recent appointment as Chairman of the Union Public Service Commission (UPSC), a prestigious position bestowed by the President of India, the company said in a release here. Dr. Kumar also relinquishes his responsibilities as a member of the Nomination and Remuneration Committee and the Stakeholder Relationship Committee of the Board with immediate effect. Dr. Kumar joined the Cyient DLM Board with a wealth of experience and exceptional insight, particularly in defence, strategic planning and governance. During his tenure, he made invaluable contributions to the company's long-term vision and operational excellence. Commenting on the development, Krishna Bodanapu, Chairman, Cyient DLM, said, 'We are grateful to Dr. Ajay Kumar for his outstanding service as an Independent Director on our Board. His invaluable counsel and deep expertise will continue to inspire and guide us. His contributions have left a lasting impact. On behalf of the entire Board and the company, I extend our heartfelt thanks and best wishes as he embarks on his journey as Chairman of the UPSC.' UNI KNR BD
Economic Times
12-05-2025
- Business
- Economic Times
Stocks in news: Tata Steel, Swiggy, Dr Reddy's, Cyient DLM, Thermax, Adani Power
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Following a period of consolidation, Indian equity benchmarks experienced a sharp correction last week. In today's trade, shares of Tata Steel Dr Reddy's Cyient DLM, Thermax Adani Power among others will be in focus due to various news developments and fourth quarter results of Tata Steel , UPL and SRF will be in focus as the companies will announce their fourth quarter results today. Dr Reddy's Laboratories reported a consolidated net profit growth of 22% to Rs 1,594 crore in Q4FY25 versus Rs 1,307 crore reported in the year ago delivery company Swiggy has reported nearly doubling of its losses in the fourth quarter to Rs 1081 crore, compared with Rs 554 crore in the same quarter of last with challenges on deposit growth, state-owned Canara Bank asked each of its 82,000-strong staff to go out to garner funds, and mobilised Rs 16,700 crore in ten domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has Power said it has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a levelised tariff of Rs 5.383 per unit, emerging as the lowest bidder in a competitive tender Lifestyle said Sameer Shah resigned as the Chief Financial Officer of the company due to personal reasons with effect from July and environment solutions provider Thermax reported an 8.1% YoY increase in its fourth quarter net profit at Rs 206 crore, up from Rs 190.33 crore in DLM said Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company with effect from May 8.
