Cyient DLM Limited — Investor Meet, 27-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Cyient DLM's Q3 FY26 revenue was INR 303.3 Cr (-31.7% YoY), affected by customer delays and tariffs. Yet, normalized EBITDA margin significantly improved to 10.2% (INR 30.9 Cr), up 207 bps YoY, reflecting a better mix and efficiency. Normalized PAT stood at INR 13.8 Cr. The robust order book is INR 2,350 Cr, with Q3 intake of INR 387 Cr and a 1.3 book-to-bill. Management projects positive YoY revenue growth for Q4 and anticipates substantial 20-25% growth in FY27, maintaining double-digit margins. Strategic diversification into auto, industrial, and medical sectors, plus scaling Build-to-Spec, fuels future expansion. The company expresses confidence, believing revenue headwinds are in the past.