Cyient DLM Limited has released its investor presentation for the quarter and nine months ended 31 December 2025. The company reported a consolidated revenue of ₹3,033 million (₹303.3 crore) for Q3 FY26, marking a year-on-year decrease of 31.7%. This decline is attributed to the completion of a large order in the previous fiscal year.

Despite the revenue impact, the company maintained strong operational resilience, with Normalized EBITDA margins reaching 10.2%, demonstrating effective cost management and a better business mix. Normalized EBITDA stood at ₹309 million (₹30.9 crore), a 14.4% YoY decrease. Reported EBITDA was ₹275 million (₹27.5 crore), down 1.6% YoY.

Reported Profit After Tax (PAT) for the quarter was ₹112 million (₹11.2 crore), a 1.9% YoY increase, while Normalized PAT was ₹138 million (₹13.8 crore), down 18.6% YoY. The company highlighted that the Q2 PAT included a one-off income of ₹195.75 million, and excluding this, PAT is growing quarter-on-quarter.

Key business highlights include recognition as Best Performer – Electronic Hardware Exports by STPI and receiving a Risk Mitigation Award from an Aero customer. Cyient DLM is diversifying its customer portfolio by adding two new logos in the Medical and Industrial sectors and has commenced revenue realization from its B2S (Build to Spec) business, with a clear runway for significant scale-up.

Strategic initiatives include strengthening the go-to-market strategy, building operations excellence through automation and digitization, focusing on B2S and platform plays, and expanding into new markets, particularly in Europe through inorganic expansion and strengthening the global defense business. The company also aims to enhance its capability stack, including cables and sheet metal.

The order book expanded during the quarter, with strong order intake of approximately ₹3,871 million (₹387.1 crore). The company is focused on strengthening both Industrial and Med-Tech segments, which showed strong YoY growth. The PCBA segment remains dominant, while the Box Build share has increased significantly. The India business mix is at 14% and growing.