Cyient stock rallies 10% on Q2 profit rise and 240% interim dividend

Cyient Ltd announced that its Q2 FY27 net profit reached ₹132.5 crore, marking an 8.7% rise from the previous quarter and a 12% gain over the same period last year, while total revenue jumped 22.5% to ₹2,243.6 crore. The DET segment posted $174 million in revenue, up 7.5% quarter-on-quarter, with Transportation & Mobility growing 4.5% and Strategic Units declining 1.5%. Order intake for DET rose 21% year-on-year to $158 million, with new deals accounting for about a third of the pipeline.

The board recommended an interim dividend of ₹12 per share, payable on November 17 after a record date of October 28. Following the results, the stock opened at ₹1,200.70, rose 5% initially, and peaked at ₹1,255, trading 9% higher by mid-morning. Analysts raised FY27/FY28 EPS forecasts modestly and lifted the DET valuation multiple to 12× FY28E EPS, while maintaining a sell rating with a target of ₹1,020.