Cyient Q2 revenue and margins beat estimates, Kotak lifts forecasts
Cyient shares are in focus after quarterly results beat expectations on revenue and margins. Kotak keeps its Add rating and raises earnings estimates.
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what happened
Shares of India's Cyient Ltd. drew investor attention on October 23 after the company posted second-quarter fiscal 2027 revenue and margins above analyst forecasts. Revenue rose 6.8% from the previous quarter and 14.9% year on year, while constant-currency growth reached 15.3% annually.
The Digital, Engineering and Technology (DET) unit generated $174.2 million, up 7.2% from a year earlier. Its order intake of $158.4 million was a record for a September quarter, up 21% year on year, and its EBIT margin hit a 10-quarter high. According to Kotak Institutional Equities, TAO Digital drove growth after its consolidation.
Kotak kept its Add rating and a price target of ₹1,350, and raised its FY27–FY29 earnings estimates by 5% to 12%. The company expects its semiconductor business to break even in FY28, a delay of a quarter or two.
why it matters
Upward earnings revisions over several years typically feed into valuation and investor interest in a single stock. The news is largely company-specific and has limited read-through to the broader Indian market.
market impact
Cyient: higher earnings revisions support interest in the stock, limited effect on the broad market
tags
instruments
sources
- Cyient shares in focus after Q2 results beat estimates; Kotak sees 5-12% earnings upgrade — TradingView, 23 October 2026 at 03:24 UTC
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