India’s Cyient DLM set for worst day since debut after Q2 margin contraction

Cyient DLM

16/10/2026 06:27

Oct 16 (Reuters) - ** Shares of Cyient DLM CYIT.NS fall 16.2% to 863.3 rupees, their steepest fall since 2023 debut
** Electronics manufacturing solutions provider's Q2 core profit margin contracts 130bp Y/Y to 8.7%, as the company booked product development costs upfront - Motilal Oswal says
** Company's Q2 consolidated revenue up 27% Y/Y; adjusted PAT up 26% Y/Y
** Motilal Oswal says record order book keeps company's growth story on track, but upfront investments will keep FY27 core profit margin at 9%-10%
** Brokerage cuts FY27 earnings estimate by 16% on lower margin assumptions, keeps FY28/FY29 estimates unchanged; maintains "buy" rating
** About 2 mln shares traded, 3.1x the 30-day avg
** Stock rated "hold" on avg by 9 analysts; median PT 790 rupees - data compiled by LSEG
** Stock up 107% YTD

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com;))