Buyback23 Apr 2026, 05:21 pm
Cyient Board Approves ₹720 Cr Share Buy-Back
AI Summary
Cyient announced its Q4 FY26 and full-year FY26 financial results, alongside a significant share buy-back approval. For FY26, Cyient DET revenue grew 5.5% YoY to ₹5,819 crores, with PAT up 7.2% to ₹588 crores. Q4 FY26 DET revenue was ₹1,500 crores, up 7.4% YoY, but PAT declined 9.1% YoY to ₹138 crores. The board approved a share buy-back of up to ₹720 crore through a tender offer at ₹1,125 per share, citing confidence in the business's intrinsic value. The company also plans to explore market fundraising through debt and/or equity to support future growth.
Key Highlights
- Board approved ₹720 crore share buy-back via tender offer.
- Buy-back price set at ₹1,125 per equity share.
- FY26 DET revenue grew 5.5% YoY to ₹5,819 crores.
- FY26 DET PAT increased 7.2% YoY to ₹588 crores.
- Company to explore market fundraise through debt/equity for growth.