Cyient DLM shares plunged over 19 per cent on Friday despite the company reporting a 43 per cent y-o-y increase in standalone net profit for the September 2026 quarter (Q2FY27). The stock came under pressure despite growth in revenue, healthy order momentum and a record-high order book.
At 9.57 am, Cyient DLM shares were trading 16 per cent lower at ₹861.25 on the NSE after hitting an intraday low of ₹832.20, compared with the previous close of ₹1,030.10.
Cyient DLM stock movement today
Cyient DLM reported standalone net profit of ₹19.4 crore in Q2FY27, up 43 per cent from ₹13.5 crore in the corresponding quarter last year.
Revenue from operations increased 25 per cent to ₹294.8 crore in the September 2026 quarter, compared with ₹235.64 crore in Q2FY26.
The company reported continued momentum across its key business segments, led by Aerospace and Industrial, with Defence and Medical also contributing to growth.
Order momentum remained healthy, with a book-to-bill ratio of 1.6. Order intake increased 11 per cent q-o-q and 15.4 per cent y-o-y. The company also added three new customer logos across its core businesses and new growth areas.
Management outlook
Commenting on the performance, Rajendra Velagapudi, Managing Director and CEO of Cyient DLM, said the company maintained strong growth momentum in Q2FY27, supported by solid execution across key business segments and a record-high order book.
He said the order book provided strong revenue visibility and confidence in the company’s growth outlook. The company remains focused on strengthening its core business while investing in high-growth areas such as AI and data centre infrastructure, robotics, and semiconductor capital equipment to drive sustainable long-term growth.
During the quarter, Cyient DLM completed the integration of Altek Electronics, an acquisition in Connecticut, the US, which has been renamed Cyient DLM Electronics Inc. The integration further strengthens the company’s global operating footprint and its ability to serve customers across geographies.
Cyient DLM said it remained positive on the outlook for the year, supported by its record order book and continued demand across its key end markets.
Separately, the company’s board approved the appointment of Sandip Mishra as Senior Vice President and Chief Human Resources Officer.
(This is a developing story)