Cyient Ltd

Cyient Semiconductors today announced a strategic financing transaction with funds managed by EAAA India Alternatives (Edelweiss) and affiliated co-investors. The transaction includes an equity investment of approximately USD 10 Mn (Rs 100 crore) at a post-money equity valuation of USD ~500 Mn (Rs 4600 crore), alongside structured debt capital, enabling the company to strengthen its capital structure and support the continued scale-up of its global semiconductor business. The transaction is subject to definitive agreements and customary closing conditions. The equity investment is alongside a USD 20 Mn in structured debt designed to support long-duration growth. The combined ~ USD 30 Mn will be deployed across three strategic priorities: advancing the company's product R building in-house semiconductor validation and testing infrastructure in India to strengthen development and qualification capabilities; and supporting working capital requirements as Cyient Semiconductors scales larger, longer-cycle global customer programs.

Cyient Semiconductors launched seven new gallium nitride (GaN) power devices for the Indian market, developed using Navitas Semiconductor's (Nasdaq: NVTS) industry leading GaN technology. The launch marks Cyient Semiconductors' first commercial GaN product family and a major milestone in advancing India's domestic power semiconductor ecosystem. The new portfolio is designed to address the rapidly growing demand for high-efficiency, high-power-density solutions across AI data centers, telecommunications, consumer fast charging, industrial power systems, and e-mobility platforms. Building on the strategic collaboration announced in December 2025, the partnership enables customers in India to access commercially available GaN power solutions with enhanced local support, supply assurance, and alignment with emerging domestic sourcing initiatives. Under the agreement, Cyient Semiconductors will license Navitas's proven GaN technology for use in India, accelerating the adoption of high-performance GaN solutions across a broad range of markets. In addition, Cyient Semiconductors will serve as a second source for select Navitas GaN devices already in mass production and strengthening supply chain resilience. Compared to traditional silicon devices, GaN power semiconductors enable significantly higher switching speeds, lower conduction losses, and improved thermal efficiency. These advantages allow system designers to reduce power losses, shrink solution size, simplify thermal management, and increase overall system performance. Cyient Semiconductors' initial GaN portfolio targets power applications up to 650 V, including consumer USB-PD chargers, laptop and mobile adapters; AC-DC power supplies; AI data center and telecommunications power systems; and e-mobility charging platforms. Looking ahead, Cyient Semiconductors plans to expand its GaN portfolio through partnerships with local OSATs. Over time, the licensing agreement with Navitas Semiconductor is expected to enable the domestic manufacturing of GaN power devices in India.

Cyient has allotted 3,140 equity shares to associates of the company upon exercise of stock options under Plan ASOP 2015 and ARSUS 2020.

The Board of Cyient at the meeting held on 23rd April 2026 has considered the Final Dividend for the financial year 2025-26 and has not recommended any Dividend.

On a year-on-year basis, the company's net profit tanked 64.86%, despite a 0.17% increase in total income in Q4 FY26 over Q4 FY25. The company reported profit before exceptional items and tax of Rs 166.2 crore in Q4 FY26, compared with Rs 252.5 crore in Q4 FY25. The firm reported an exceptional loss of Rs 71.2 crore during the quarter. The company's Digital, Engineering, and Technology (DET) business reported revenue of Rs 1,500 crore, registering growth of 0.8% QoQ and 7.4% YoY. In constant currency terms, revenue declined 2.4% QoQ and 1.5% YoY. Krishna Bodanapu, executive vice chairman and managing director, said, 'In FY26, Cyient Group sustained its growth momentum, with sequential QoQ growth, delivering results in line with expectations across key segments. Our strong cash flow and cash position give us the confidence to invest in the business as well as return value to shareholders. Cyient Semiconductors delivered a strong Q4 with revenues of $7.2 Mn, marking our fourth consecutive quarter of QoQ growth. We have built a strong foundation across high-end services, turnkey ASICs, and proprietary application-specific products'positioning us as India's largest custom chip company. As we enter FY27, the Board has agreed in principle to explore a market fundraise through a mix of debt and/or equity to support growth, and I am confident that disciplined execution and our strong leadership, IP, and pipeline will continue to propel our trajectory.' Speaking on the buyback, Krishna said, 'The board of directors trust the fundamentals of our business and believe that its intrinsic value is not reflected in the current market price and hence have approved a proposal for the buyback of equity shares, through a tender offer at a price of Rs 1,125 per equity share, for an aggregate consideration not exceeding Rs 720 crore. While we are making a buyback, we are confident that we will have strong cash flow to invest in future growth. I am confident that with the leadership team, a scalable and resilient operating model, and a value-driven culture, we remain focused on driving profitable growth and long-term value creation.' Meanwhile, the company's board approved a share buyback of up to 64 lakh equity shares at Rs 1,125 per share, aggregating to a maximum consideration of Rs 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, signaling its intent to expand its presence in the West Asian market. Cyient (formerly Infotech Enterprises) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises was established in 1991 in Hyderabad.

Net profit of Cyient declined 67.84% to Rs 54.80 crore in the quarter ended March 2026 as against Rs 170.40 crore during the previous quarter ended March 2025. Sales rose 0.93% to Rs 1926.90 crore in the quarter ended March 2026 as against Rs 1909.20 crore during the previous quarter ended March 2025. For the full year,net profit declined 30.50% to Rs 427.90 crore in the year ended March 2026 as against Rs 615.70 crore during the previous year ended March 2025. Sales declined 1.25% to Rs 7268.20 crore in the year ended March 2026 as against Rs 7360.40 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1926.901909.20 1 7268.207360.40 -1 OPM %11.5215.63 -12.3715.47 - PBDT234.10320.40 -27 1015.501142.20 -11 PBT166.20252.50 -34 737.30875.00 -16 NP54.80170.40 -68 427.90615.70 -31 Powered by Capital Market - Live

The board of Cyient at its meeting held on 23 April 2026 has approved set up of a branch office in the Kingdom of Saudi Arabia.

The board of Cyient at its meeting held on 23 April 2026 has approved buyback of equity shares of 64,00,000 shares at a price of Rs 1125 each amounting to Rs 720 crore.

Cyient will hold a meeting of the Board of Directors of the Company on 23 April 2026.

Cyient Semiconductors today announced the successful close of its USD $85 million majority-stake investment in Kinetic Technologies, a global power semiconductor solutions provider. Kinetic Technologies joins Cyient Semiconductors as a proven, revenue-generating global custom and Application-Specific Standard-Product (ASSP) company, with more than 100 silicon-proven IPs and over 250 high-volume custom and ASSPs across power management, protection, display power, and interface solutions - adding immediate product scale, IP depth and market credibility.  This investment marks a major step in Cyient Semiconductors' ambition to establish a scaled semiconductor platform anchored in India and serving global markets. This also reflects a broader strategic shift toward building a differentiated, custom silicon and ASSP-led semiconductor platform aligned with long-term structural demand in power and compute infrastructure, addressing a $44 billion global market opportunity. By integrating Cyient Semiconductors' spec-to-silicon engineering expertise with Kinetic Technologies' proven power management and protection IC portfolio, the combined platform strengthens Kinetic Technologies' ability to support global customers with broader design resources and enhanced operational capabilities, while giving Cyient Semiconductors access to Kinetic's established customer footprint'delivering immediate commercial scale in high-growth power semiconductor markets. Kinetic Technologies will continue to operate under its current leadership, with strategic oversight from Cyient Semiconductors. Its engineering and customer teams will maintain continuity while leveraging the combined platform's expanded global presence and increased investments in R&D.