Cyient Q4 profit drops 33% QoQ, revenue up; ₹720-crore buyback announced

Cyient reported a mixed performance for the fourth quarter, with net profit declining 32.6% quarter-on-quarter to ₹65.5 crore from ₹97.2 crore.

Revenue, however, rose 4.2% sequentially to ₹1,926.9 crore compared with ₹1,848.5 crore in Q3FY26.

Operationally, EBIT fell 6.8% QoQ to ₹155.8 crore, while margins contracted to 8.09% from 9.04%, reflecting pressure on profitability despite topline growth.

The company’s board, at its meeting held on April 23, 2026, approved a share buyback of up to 64 lakh equity shares at ₹1,125 per share, aggregating to a maximum consideration of ₹720 crore. The buyback, representing about 5.76% of the total paid-up equity share capital, will be conducted via the tender offer route and is subject to shareholder approval and regulatory norms under SEBI rules and the Companies Act.

Notably, promoters and promoter group members will not participate in the buyback, allowing the entire benefit to accrue to public shareholders. The board also decided not to recommend a final dividend for FY26.

Separately, the company announced plans to set up a branch office in Saudi Arabia, signalling its intent to expand presence in the West Asian market.

Shares of Cyient ended lower on Thursday, April 23, by 2.69% at ₹935.90 on the NSE.