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Cyient DLM Q2: Revenue Jumps 26.5% To Rs 393 Crore, Margin Contracts

Cyient secured new business in a quarterly results development for Q2 FY27.

· NDTV Profit

Cyient DLM reported 26.5% year-on-year revenue growth in Q2 FY27, while EBITDA margin narrowed to 8.7% from 10.1% a year ago. Its order book hit a record Rs 2,813.7 crore.

Period
Q2 FY27

Cyient reported Rs 393 Crore and Rs 2,813.7 crore for Q2 FY27, with movement of 8.7%, 26.5% and 10.1% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -0.5% on the day at ₹1,189.80, and has returned +41.7% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The it sector has moved +2.9% over the same period, so Cyient is running 38.8 points ahead of its peers.

This is an Order book / contract win event. Order inflow is the only forward-looking number most capital-goods and infrastructure companies disclose. What matters is execution pace and margin on the book, not the headline value. On the day the stock is -0.5%, so the price barely moved, which suggests this was expected or is seen as immaterial.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • The company directly in focus is CYIENT.
  • Sector exposure: IT.
  • The immediate tone of coverage reads positive.