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Electronic Components company Cyient DLM announced Q4FY24 & FY24 results:

Financial Performance

• Quarterly Revenue: Cyient DLM's Q4 revenue stood at Rs 362 crore, QoQ growth of 12.7% and YoY growth of 30.5%.
• Annual Revenue: The FY24 revenue for Cyient DLM reached Rs 1,192 crore, with a YoY growth of 43.2%.
• EBITDA: The company reported an EBITDA of Rs 111 crore for FY24, with an EBITDA margin of 9.3% and a YoY growth of 26.5%.
• Profit After Tax (PAT): Cyient DLM's PAT for FY24 was Rs 61.2 crore, a growth of 92.9% YoY.

Business Expansion

• New Facilities: Cyient DLM opened a precision machining facility in Bengaluru and a new manufacturing facility in Mysuru, which are expected to cater to increased demand and enable the company to venture into new opportunities and partnerships.
• Capability Enhancement: The company continued investments in Build to Spec (B2S) capabilities, aiming to provide end-to-end product lifecycle solutions.
• Supply Chain and Sales: Investment in global experience and automation tools strengthened supply chain operations. Sales leadership was reinforced with a focus on key industries and targeted offerings.

Commenting on the results, Anthony Montalbano, CEO, Cyient DLM, said, “Cyient DLM business focus remains on strengthening our capabilities and expanding our customer base. The robust growth for this year was led by Aerospace and Defence (A&D) segments. Large deals in A&D constitute a major portion of Order Book and pipeline and are expected to contribute towards FY25 & FY26 growth."

Result PDF