Cyient

Cyient received approval from the Competition Commission of India for its proposed acquisition of Tao Digital Solutions, a company incorporated in the United States. The approval was granted under Section 31(1) of the Competition Act at the commission’s meeting on 25 August 2026. Cyient agreed on 30 May to acquire 100% of Tao Digital, subject to customary closing conditions and regulatory approvals. Tao Digital is an AI-native data and product-engineering business, and the transaction had a value of about US$218m.

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** Shares of Cyient CYIE.NS rise 6% to 1,038 rupees

** J.P. Morgan ("Overweight", TP 1,050 rupees) says CYIE's large-deal pipeline is at a record high of about $300 mln and expects FY27 to be a transformation year, with execution of the revamped go-to-market strategy key to achieving 15% EBIT margins

** Morgan Stanley ("Underweight", TP 820 rupees) says co's shift from project-led work to annuity-based, outcome-led contracts could improve revenue predictability and expand its addressable market, but says execution remains critical

** Ambit Capital ("Buy", TP 1,300 rupees) says the TAO acquisition and lifecycle-focused offerings should help drive stickier revenue, higher wallet share and more recurring business

** Avg rating of 18 analysts at "hold"; median PT is 960 rupeesm, according to LSEG-compiled data

** Session's gains trim stock's YTD losses to 7%

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Cyient Ltd CYIE.NS rise as much as 4.8% at 870.60 rupees; last up 0.7% at 836.05 rupees

** Co, on July 23, reported 17% y/y rise in Q1 total income to 20.83 billion rupees, net profit fell 31% to 1.04 billion rupees

** Kinetic acquisition aided both capabilities, revenue growth in semicon unit, Tao Digital acquisition should add further capabilities in data/software engineering space after deal completion -- Ambit; keeps "Buy", TP at 1,300 rupees

** Co sees growth to sustain in transportation and telecom while strategic units could take more quarters to stabilize, notes J.P. Morgan; keeps "overweight", TP at 1,050 rupees

** Seeing momentum in large-deal pipeline but slowdown in discretionary projects, potential headwinds in transportation if macro remains volatile -- Morgan Stanley, keeps "underweight", TP at 820 rupees

** 8 out of 18 analysts rate the stock "Buy" or higher, median PT of 1,015 rupees

** YTD, stock down 24.26%

(Reporting by Saikeerthi in Bengaluru)

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July 23 (Reuters) - Cyient Ltd CYIE.NS:

• CYIENT Q1 CONSOL NET PROFIT 1.04 BILLION RUPEES

• CYIENT Q1 CONSOL TOTAL INCOME 20.83 BILLION RUPEES

Source text: ID:nBSE3pskt9

Further company coverage: CYIE.NS

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** Shares of India's Cyient DLM CYIT.NS jump as much as 17.96% to 734.95 rupees, their highest levels since December 2, 2024

** Stock last up 12.28% at 699.55 rupees

** Co posted more than 2x year-on-year growth in June quarter net profit to 162.9 million Indian rupees ($1.69 million)

** Co's June quarter revenue also jumped 34.3% year-on-year to 3.74 billion rupees

** CYIT rated "buy" on average by 9 analysts, median PT at 532.50 rupees -- data compiled by LSEG

** YTD stock down 0.76%

($1 = 96.4550 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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** 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)

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** 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)

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** 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)

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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)

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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)

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** 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)

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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)

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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)

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** 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)

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** 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)

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** 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)

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** 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)

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** 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)

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** 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)

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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)

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