Cyient okays Rs 720 crore share buyback plan

Hyderabad: Engineering and tech solutions provider Cyient Ltd on Thursday said its board had approved a 720 crore share buyback plan. The company said it proposes to buy back 64 lakh shares of the company through the tender offer route at a price of 1,125 per share.Krishna Bodanapu, executive vice chairman and managing director, Cyient, said the approval for the move reflects the board's view that Cyient's intrinsic value was not fully captured in the current market price.Bodanapu added that strong cash generation had given Cyient room to invest in growth while returning value to shareholders."While we are making a buyback, we are confident that we will have strong cash flow to invest in future growth. I am confident that with the leadership team, a scalable and resilient operating model, and a value-driven culture, we remain focused on driving profitable growth and long-term value creation," he added.Bodanapu also said the board has approved, in principle, the company's plan to explore a market fundraise through a mix of debt and equity to support growth.The company also reported a steep 65% drop in consolidated net profit for the quarter ended March 31, 2026, at 65.5 crore from 186 crore in the corresponding quarter of last financial year. This was despite a marginal rise in consolidated total income for FY26 at 1,954 crore from 1,950 crore in FY25.For the financial year 2025-26 too, it posted a 29% fall in net profit at 463 crore, as compared to 648 crore in 2024-25, while condolidated total income decreased to 7,445 crore from 7,457 crore in FY25.
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