Consolidated internet revenue got here in at 1.28 billion rupees ($14 million), down from 1.79 billion rupees final yr.
Income remained largely flat, down 1% to 18.31 billion rupees, from 18.49 billion rupees a yr in the past.
Cyient had modified the way in which it reviews its segment-wise income from the final quarter onwards, after it carved out its semiconductor enterprise right into a separate subsidiary unit.
KEY CONTEXT
Whereas U.S. coverage shifts – together with President Donald Trump’s proposed H-1B visa modifications – have rattled India’s IT providers sector, Cyient has stayed comparatively insulated, because of its restricted abroad workforce and deal with challenge supply from India. The corporate, which counts Honeywell and Bharat Electronics amongst its shoppers, had deployed simply six employees on H-1B visas in FY25, and doesn’t anticipate materials affect on its financials for FY26, the corporate stated in September. Nonetheless, provide chain bottlenecks have weighed on its engineering R&D operations, significantly in its transport, mobility, and semiconductor companies.
President and chief monetary officer Prabhakar Atla highlighted headwinds from wage hikes in addition to ongoing macroeconomic uncertainties, as some causes for the corporate’s efficiency this quarter.
Peer Tata Elxsi reported a drop in revenue for the fourth straight quarter final week, as its key transportation enterprise declined.
