Cyient approved a share buyback worth Rs 720 crore while reporting a weak March quarter performance. The engineering and technology services company will buy back up to 64 lakh shares at a price of Rs 1,125 per share, a 20% premium over the last traded price.
For the fourth quarter, Cyient reported a consolidated net profit of Rs 54.8 crore, sharply lower than the previous year’s Rs 170 crore. This decline was largely due to a one-time exceptional charge of Rs 71.2 crore linked to a proposed acquisition that did not go through.
Despite the profit pressure, total revenue for the quarter stood at Rs 1,954 crore, exceeding estimates of Rs 1,757 crore. Total expenses rose 5.4% year-on-year to Rs 1,786 crore, reflecting higher operating costs and ongoing investments.
Krishna Bodanapu, Executive VC and MD, stated that Cyient Group sustained its growth momentum in FY26, delivering results in line with expectations across key segments.
