Executive Director and Chief Executive Officer of Cyient
| Photo Credit:
cueapi
Cyient Ltd, an intelligent engineering solutions company, has said its ‘Domain +AI’ strategy is paying off. “The strategy combines next-generation digital and AI solutions with the deep industry knowledge we have built through years of collaboration,” Sukamal Banerjee, Executive Director and Chief Executive Officer of Cyient, said.
“We are seeing strong traction in new growth opportunities, with a clear shift in our pipeline towards more transformation-led engagements. This momentum is being driven by our new strategy,” he said.
Deal wins
Commenting on the first quarter results, he said that the impact of this strategy was already visible in the quarter, with several key deal wins where customers have chosen Cyient to digitise core operations and establish Centres of Excellence to accelerate their AI adoption.
He said deal wins and new logo momentum had set the stage for a good second quarter.
Cyient DET (digital, engineering, and technology business of the group) has registered a net profit of ₹163 crore in the first quarter ended June 30, 2025, with a year-on-year growth of 30 per cent. Its revenue for the quarter stood at ₹1,393 crore, showing a year-on-year growth of 3.6 per cent.
The group’s cash position is put at ₹1,894 crore, an increase of ₹262 crore over the previous quarter.
Stating that the company delivered resilient performance as per expectations, Krishna Bodanapu, Executive Vice-Chairman and Managing Director, said the carve-out process initiated for Cyient Semiconductors was now complete as per the plan.
“It will tap high-growth opportunities in latest semiconductor technologies with capabilities in high-performance analog and mixed-signal Application-Specific Integrated Circuit (ASIC) across industries, will play a pivotal role in shaping our future growth,” he said in a statement on Thursday.
He said the company added 14 new logos in the first quarter and its key accounts witnessed significant growth of 11 per cent year on year.
Cyient shares closed 2.95 per cent down at ₹1,242.25 on the Bombay Stock Exchange (BSE) on Thursday.
Published on July 24, 2025