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Here's a concise summary of Cyient's financial results for the quarter:
**1. Business Performance:**
Cyient Group reported strong revenue of ₹2,075.7 Cr, up 9.1% YoY in constant currency, driven by robust performance. Cyient DET's revenue was ₹1,540.2 Cr, with good growth in Transportation & Mobility (+14.8% YoY cc). The company achieved its highest-ever order book, reflecting strong momentum and a Book-to-Bill Ratio of 1.5X.
**2. Growth Drivers or Strategy:**
Strategic initiatives include integrating Kinetic Technologies, which shows encouraging early momentum. The company secured ₹250 Cr ($30 Mn) in growth capital to scale power semiconductor capabilities and launched India's first GaN Power IC family, targeting AI data centers and e-mobility. The planned acquisition of TAO Digital Solutions aims to boost data and AI engineering strengths.
**3. Recent Developments:**
Key updates include the launch of advanced GaN power ICs, a successful buyback of shares worth ₹720 Cr, and the winning of five large deals in the DET business. Significant new client engagements across aerospace, telecom, and energy sectors were also secured.
**4. Key Financial Metrics:**
Group EBIT (Normalised) stood at ₹201.2 Cr (9.7% margin), up 19 basis points YoY. DET's normalised EBIT was ₹202.5 Cr (13.2% margin), an increase of 79 basis points QoQ. Group PAT (Normalised) was ₹114.1 Cr, with basic EPS at ₹10.32. Free Cash Flow for DET was ₹113.7 Cr.
**5. Management Commentary / Outlook:**
Management highlights a strong start to the year, with sustained double-digit EBITDA margins and robust investments paying off. They express confidence in the strengthened balance sheet, maturing pipeline, and scalable operating model to drive sustainable growth and long-term shareholder value.