Q2 2026 Cyient Ltd Earnings Call Transcript
Key Points
- Cyient Ltd (BOM:532175) reported a strong rebound in Q2 with a 12% quarter-on-quarter growth in revenue for its semiconductor business, reflecting renewed focus on execution and customer momentum.
- The company has significantly strengthened its semiconductor ecosystem by expanding strategic alliances and partnerships with companies such as Global Foundry, Anora, and Myth.
- Cyient Ltd (BOM:532175) added seven new logos of strategic importance across industries, demonstrating strong revenue growth in key accounts.
- The company has been shortlisted for the Best Mobile 5G Service Innovation award at the Global Connectivity Awards 2025.
- Cyient Ltd (BOM:532175) declared an interim dividend of INR16, the highest ever, signaling confidence in growth prospects and cash flow generation.
- The company reported negative EBIT in the semiconductor segment due to revenue absorption and ongoing investments in sales and R&D.
- Cyient Ltd (BOM:532175) faced a challenging Q1 with a 35% quarter-on-quarter revenue decline in the semiconductor business due to strategic exits from low-value and non-strategic deals.
- The strategic units cluster witnessed a decline due to the holiday season impact in Europe and the ramp-down of a large program.
- There was a one-time restructuring cost impacting EBIT by about 200 basis points, related to employee layoffs and severance payments.
- Despite improvements, the macroeconomic environment remains uncertain, impacting decision-making and deal ramp-ups.
Ladies and gentlemen, good day and welcome to the Cyient Limited's Q2 FY26 earnings conference call. (Operator Instructions)
I now have the conference over to Mr. Krishna Bodanapu, Executive Vice Chairman and Managing Director. Thank you and over to you, sir.
Thank you, very much and good evening, ladies and gentlemen. Welcome to Cyient Limited's earnings call for the second quarter of financial year '26. I'm Krishna Bodanapu, Executive Vice Chairman and Managing Director, and present with me on this call are Sukamal Banerjee, Executive Director and CEO, and Prabhakar Atla, President and CFO.
I would like to mention that some of the statements made today. In the discussions may be forward-looking in nature and may involve risk and uncertainties. A detailed statement in this regard is available on our investor website which has been emailed to you and is also posted on our corporate website. This call will be accompanied by an earnings call presentation, the details
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