Cyient

** Shares of electronic manufacturing services (EMS) cos up between 0.6% and 7.2%

** Dixon Technologies DIXO.NS leads the pack; shares up 7.2% at 14,635 rupees

** Cyient DLM CYIT.NS up 2,75% at 553.3 rupees and Kaynes Technology KAYN.NS up 2.7% at 3,425 rupees

** Syrma SGS Technology SYRM.NS up 1.5% at 1,425 rupees, Amber Enterprises AMBE.NS up 0.6% at 7,896.5 rupees

** India government approves 625 billion rupee mobile manufacturing scheme to boost production and global competitiveness

** Expands key semiconductor programme with ​fresh capital of 1.28 trillion rupees ($13.30 billion)

** Motilal Oswal believes both these initiatives enhance supply chain resilience and position India as global electronics hub

** Mobile scheme to improve margins and customer stickiness, particularly benefiting DIXO - Motilal

** JP Morgan echoes view; says DIXO stands to benefit most , forecasts 4-5 million export volume upside

($1 = 96.2200 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

** Technology, engineering and digital solutions company Cyient's shares CYIE.NS rise as much as 3% to 884.9 rupees apiece; stock last up 2.2%

** CYIE says its 7.20 billion rupees ($76.2 million) buyback qualifies for Tier I exemption under the U.S. Securities Exchange Act, as U.S. shareholders hold less than 10% of its shares

** With this exemption, CYIE is not required to get any exemptive or no-action relief from the SEC in connection with the buyback

** This can make the buyback smoother to execute, as it reduces regulatory requirements for U.S. shareholders to participate in the buyback

** The average rating of 17 analysts tracking CYIE is "hold"; median price target is 1027.5 rupees, data compiled by LSEG shows

** CYIE shares are down 21.4% in 2026 so far, underperforming the 6.6% rise in the Nifty small-cap 100 index .NIFSMCP100, according to exchange data

($1 = 94.5125 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** India's engineering, research and development firm Cyient CYIE.NS acquired TAO Digital Solution for $218 million on Sunday

** Shares of CYIE up as much as 2.2%, last up 1.85% to 923.25 rupees

AI CAPABILITIES OFFSET BY EXECUTION RISKS

** Morgan Stanley ("underweight"; PT: 900 rupees) says acquisition is likely to boost earnings, though revenue gains from cross-selling may take time to materialise

** Emkay ("reduce"; PT: 850 rupees) says deal could strengthen CYIE's AI and data capabilities, but may pressure its cash position and increase execution risks

** Asian Markets Securities ("buy"; PT: 1,150 rupees) says deal enables CYIE to participate in larger, annuity-led technology and data programs, reducing its reliance on project-based revenue

** ICICI Direct Research says acquisition strengthens CYIE's presence in the automotive, hi-tech and health-tech sectors, while expanding its customer base in North America

** YTD stock down 17.37%

(Reporting by Devika Nair in Bengaluru)

(([email protected];))

May 30 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT ENTERS AGREEMENT TO ACQUIRE TAO DIGITAL

Source text: ID:nPrefp8Jja

Further company coverage: CYIE.NS

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May 25 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - UNIT TO ISSUE NCDS FOR 2 BILLION RUPEES

• CYIENT LTD - UNIT TO ISSUE CCD/CCPS FOR 1 BILLION RUPEES ON PRIVATE PLACEMENT TO EAAA

Source text: ID:nBSEt2SBZ

Further company coverage: CYIE.NS

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May 11 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - CYIENT SEMICONDUCTORS LAUNCHES SEVEN GAN POWER DEVICES FOR INDIAN MARKET

Source text: ID:nBSEc7xh7l

Further company coverage: CYIE.NS

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** Shares of India's Cyient CYIE.NS down 4.4% to 893.4 rupees, biggest drop since January 2026

** The engineering, research and development firm posted a Q4 profit of 548 million rupees ($5.81 million), well below analysts' estimates of 1.64 billion rupees - data compiled by LSEG

** JP Morgan ("overweight", cuts TP to 1,100 rupees from 1,200 rupees) says margins hit by wage hikes and semiconductor losses; retains 15% EBIT margin target by Q4FY27

** Morgan Stanley ("underweight", TP:1,050) says FY27 growth and 15% margin targets look challenging in a weak macro environment

** Adds buyback and low valuations may support the stock but awaits consistent growth in the Digital Engineering and Technology business before turning constructive

** Antique Stock Broking ("buy", cuts TP to 1,100 rupees to 1,125 rupees) sees near-term risks from delayed project conversions; cuts EPS estimates by 2%-3%

** YTD stock down 16.27%

($1 = 94.2638 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

(([email protected];))

April 23 (Reuters) - India's Cyient CYIE.NS reported fourth-quarter profit below estimates on Thursday, hurt by a one-time charge and higher expenses, and approved a share buyback worth 7.2 billion rupees, its first since 2019.

The company said its board had decided not to proceed with dividend distribution and would also explore a fundraise to support growth.

Here are the details:

• The engineering, research and development company posted a consolidated net profit of 548 million rupees ($5.82 million) for the quarter ended March 31.

• This is well below analyst estimates of 1.64 billion rupees, as per data compiled by LSEG.

• Cyient, which serves clients including Honeywell and Bharat Electronics, recorded an exceptional charge of 712 million rupees related to a proposed acquisition that did not proceed.

• Total expenses rose 5.4% to 17.86 billion rupees during the quarter.

• Total revenue came in at 19.54 billion rupees, beating analyst estimates of 17.57 billion rupees.

• Earlier this week, Tata Elxsi TTEX.NS beat profit estimates on strong transport and media growth, while L&T Technology Services LTEH.NS missed revenue and profit forecasts due to weak tech and mobility demand and a one-time restructuring charge.

• Shares of the company fell 2.8% ahead of the results.

  
  

  
  

  ($1 = 94.1050 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Abinaya V and Harikrishnan Nair)

(([email protected];))

** Shares of Cyient CYIE.NS rise as much as 8.7% to 973.95 rupees

** Engineering co to consider proposal for buyback of shares on April 23

** Stock up 19% so far this month after posting losses for two straight months

** More than 500,000 shares traded as of 9:31 a.m. IST, over their 30-day moving avg of 336,379 shares

** Mean rating on stock is 'hold'; median PT is 1,200 rupees - data compiled by LSEG

** CYIE last up 8%, cutting YTD losses to 19.8%

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

April 14 (Reuters) - Cyient Ltd CYIE.NS:

• TO CONSIDER BUYBACK OF EQUITY SHARES, SUBJECT TO APPROVALS

• TO CONSIDER FINAL DIVIDEND FOR FY ENDED 31 MARCH 2026

Source text: ID:nBSE8wDtT7

Further company coverage: CYIE.NS

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April 8 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - CYIENT SEMICONDUCTORS CLOSES $85 MILLION MAJORITY-STAKES INVESTMENT IN KINETIC TECHNOLOGIES

Source text: ID:nBSE1RzZ4P

Further company coverage: CYIE.NS

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March 10 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - ANNOUNCES STRATEGIC PARTNERSHIP WITH PROSPECTA FOR DATA MANAGEMENT SOLUTIONS

Source text: ID:nBSE6GZ68S

Further company coverage: CYIE.NS

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March 4 (Reuters) - Cyient Ltd CYIE.NS:

• NCLT ORDERS LIQUIDATION OF INFOTECH HAL LIMITED

Source text: ID:nBSE7CYRpk

Further company coverage: CYIE.NS

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** Shares of Cyient CYIE.NS fall as much as 1.9%; last down 1.1% at 1,121.9 rupees

** The engineering, research and development (ER&D) firm reports 24.9% fall in Q3 consol net profit to 918 million rupees ($10.02 million) year-on-year

** Co incurred one-time charge of 420 million rupees to comply with new labour codes implemented in November

** Revenue in its digital, engineering and technology (DET) segment, which accounts for around 75% of overall revenue, fell 0.7%, which the company attributed to "a fluid macroeconomic environment and a typically soft third quarter due to furloughs"

** Motilal Oswal ("Sell"; PT: 1,000 rupees) says while DET grew 1.9% Q/Q in constant currency, it indicates stabilization rather than a full demand recovery

** Says pace of deal closures and ramp-ups will be critical to sustaining growth over next few quarters

** Stock rated as "Hold" on average by 18 analysts; median PT at 1,240 rupees - LSEG data

** Stock fell 39.2% in 2025

($1 = 91.6100 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

Jan 22 (Reuters) - India's Cyient CYIE.NS reported a 24.9% fall in third-quarter profit on Thursday due to a one-time charge from the country's new revised labour codes.

The engineering, research and development (ER&D) firm's consolidated net profit fell to 918 million rupees ($10.02 million) from 1.22 billion rupees last year.

The company incurred charges of 420 million rupees to comply with new labour codes implemented in November, denting its bottomline.

India's new codes - the country's biggest overhaul of workers' laws in decades - have dragged the profit of firms in India's manpower-heavy IT sector, including that of Wipro (WIPR.NS), TCS TCS.NS, Infosys INFY.NS and HCLTech (HCLT.NS).

Revenue in its digital, engineering and technology (DET) segment, which accounts for around 75% of overall revenue, fell 0.7%, which the company attributed to "a fluid macroeconomic environment and a typically soft third quarter due to furloughs."

Total revenue fell 1.6% to 18.79 billion.

Cyient also incurred a charge worth 80 million rupees due to mergers and acquisitions expenses related to the spin-off of its semiconductor unit.

Peer Tata Elxsi too reported a fall in profit for the December quarter last week, due to the charges from the new labour codes.

($1 = 91.5980 Indian rupees)

(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Janane Venkatraman)

(([email protected]))

** Shares of integrated electronics manufacturer Cyient DLM CYIT.NS fall as much as 4%; Last down almost 2% at 359.6 rupees

** Q3 consol revenue from ops falls nearly 32%; net profit rises 2.2%

** J.P. Morgan ("neutral"; lowers PT to 400 rupees from 450 rupees) says revenue missed view sharply due to tariff uncertainty that led clients to halt projects

** Stock rated "buy" on average by nine analysts, median PT at 451 rupees - data compiled by LSEG

**Stock fell nearly 38% in 2025

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

** Shares of Cyient CYIE.NS fall as much as 6.06% to 1,108 rupees

** Co reported 28.8% fall in quarterly profit on Thursday, weighed down by supply chain bottlenecks in its transport, mobility, and semiconductor businesses

** Co's quarterly revenue falls 3.7%

** CFO Prabhakar Atla highlights headwinds from wage hikes as well as ongoing macroeconomic uncertainties, as some reasons for the co's performance

** Stock rated as "Hold" on average; median PT at 1,237 rupees - LSEG data

** YTD, stock down nearly 40%

(Reporting by Mridula Kumar)

(([email protected]))

** Cyient DLM CYIT.NS falls ~5% to 445.55 rupees, set for second consecutive session of losses

** Integrated electronics manufacturer's Q2 revenue and profit drop y/y

** Choice Institutional Equities downgrades to "sell", reduces price-to-earnings multiple to 15x from 20x on declining confidence

** Nearly 450,000 shares change hands on the day, ~1.5x of 30-day avg daily volume

** Analysts on avg rate CYIT "buy"; median PT at 532 rupees, per data compiled by LSEG

** YTD, stock down 33.4%

(Reporting by Vivek Kumar M)

(([email protected];))

** Cyient CYIE.NS rises 3% to 1,258.80 rupees

** Co's subsidiary Cyient Semiconductors announces partnership with semiconductor test and validation services provider Anora

** Partnership brings together complementary strengths to provide end-to-end solutions for semiconductor product development

** 341,748 shares traded, more than the 30-day avg

** CYIE down ~31% YTD

(Reporting by Vijay Malkar)

(([email protected];))

** Indian engineering and technology firm Cyient CYIE.NS climbs 2.5% to 1,273 rupees

** Co posts a ~7% y/y rise in first-quarter profit on strong deal wins, rev up ~2%

** Stock rated "hold" on avg, median PT at 1,315 rupees - data compiled by LSEG

** Year-to-date, stock down ~31%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of integrated electronics manufacturer Cyient DLM CYIT.NS slide 7.2% to 446.3 rupees

** Stock set for worst session since January 22, if losses hold

** Co's Q1 profit after tax fell ~30% y/y

** Says bottomline was hit due to lower other income and non-cash M&A costs not present last year

** Rev up 8% y/y

** With session's losses, stock down 28% so far this year

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

June 24 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - VODAFONE, CYIENT UNVEIL AI-POWERED NETWORK CONFIGURATION MANAGEMENT SOLUTION

Source text: ID:nBSE4B48L2

Further company coverage: CYIE.NS

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June 12 (Reuters) - Cyient Ltd CYIE.NS:

• MIPS AND CYIENT SEMICONDUCTOR COLLABORATE TO BRING CUSTOM RISC-V-BASED INTELLIGENT POWER SOLUTIONS TO AI POWER DELIVERY, INDUSTRIAL ROBOTICS, AND AUTOMOTIVE

Source text: ID:nPrecz4dza

Further company coverage: CYIE.NS

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June 11 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT FOUNDATION AND AICTE SIGN MOU TO BUILD INNOVATION CLUSTER IN VISAKHAPATNAM

Source text: ID:nnAZN3YUFHA

Further company coverage: CYIE.NS

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** Shares of Cyient CYIE.NS fall 8.4% to 1138.3 rupees, their biggest one-day loss in three months, amid a broader weak market

** Engineering, research & design (ER&D) firm's Q4 profit falls 9.9%, hurt by weak demand in sustainability segment

** Ambit Capital("buy;" PT:2000 rupees): global macro uncertainty to weigh on co for next few quarters

** However, adds slowdowns caused by project delays to be short-term as long-term trends of aerospace demand and energy transition for co's key segments remain intact

** More than 3.6 mln shares traded, 6.4x 30-day avg

** Avg rating on stock is "hold;" median PT is 1505 rupees - data compiled by LSEG

** Stock down 38% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of integrated electronics manufacturer Cyient DLM CYIT.NS up 3.3% to 497.6 rupees

** Co's Q4 profit after tax rises 36.5% y/y on operational efficiency, higher revenue from aerospace customers; revenue up 18.3%

** Stock on track for seventh straight session of gains

** With session's gains, stock trims 12-month decline to 27.9%

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

** Shares of India's Cyient CYIE.NS rise 3% to 1,180 rupees
** Engineering and technology firm gets order for hydrogen project in Norway, part of a joint venture between GreenH and Germany's Luxcara
** Cyient did not disclose financial details of the order

** YTD stock has fallen ~36%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected]))

** Shares of Cyient DLM CYIT.NS jump 5.5% to 449.9 rupees

** Electronics manufacturing services co partnerswith German aircraft manufacturer Deutsche Aircraft

** Under the partnership, Cyient DLM will design, develop and manufacture cabin management system for Deutsche Aircraft

** Still, stock is down 33.5% so far in 2025 mainly after a slump in Q3 profit

(Reporting by Nishit Navin)

(([email protected];))

April 8 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT LTD - ANNOUNCES LAUNCH OF SEMICONDUCTOR SUBSIDIARY

Source text: ID:nNSE6vdJJ8

Further company coverage: CYIE.NS

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** Engineering, research and development (ER&D) firms, earning significant chunk of rev from tech projects executed for automakers, decline

** Previously announced U.S. tariff of 25% on imported cars and light trucks comes into effect on Thursday; to raise costs for U.S. consumers, impact clients' tech spends, stymie production

** KPIT Technologies KPIE.NS falls most, down 5.7%; Cyient CYIE.NS, L&T Technology Services LTEH.NS shed 3.6% and 2.6%

** CYIE, LTTS derive 30%-33% rev from auto clients, while KPIE earns nearly all its rev from them

** Analysts say demand for services in automotive/transport-related verticals will be hit

(Reporting by Nandan Mandayam in Bengaluru)

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