However, revenue from operations rose 3.50% year on year to Rs 1,950.2 crore in the fourth quarter of FY25.
Profit before tax (PBT) was at Rs 252.50 crore in the March 2025 quarter, registering a de-growth of 2.54% on a YoY basis.
EBITDA stood at Rs 248.10 crore in the fourth quarter of FY25, down 16.94% YoY. The EBITDA margin reduced to 16.9% in Q4 FY25, as against 20.1% posted in Q4 FY24.
The company’s Digital, Engineering, and Technology (DET) business delivered revenue at Rs 1,471 crore, recording de-growth of 0.5% QoQ and 1.2% YoY. In constant currency terms, revenue was down by 1.9% QoQ and 3.4% YoY.
During the quarter, Cyient DET order intake declined by 19.1% YoY.
Krishna Bodanapu, Executive Vice Chairman and Managing Director, said, “For FY25, Cyient Group delivered US$ 870 million in revenue at a YoY growth of 1.5% in cc; EBIT of 12%, a YoY decline of 248 bps; PAT of Rs 622 crores, a YoY de-growth of 15.4%; and FCF of Rs 688 crore at a YoY growth of 6.2%. I am also happy to share that we have launched our semiconductor subsidiary and have appointed Suman Narayan as the CEO of Cyient Semiconductors. Suman is an accomplished professional in the semiconductor industry with a proven track record of managing large organizations, scaling semiconductor businesses, and driving digital digitaltransformation. At a group level, we now have three well-balanced growth vectors into the future.
Our recently carved-out Semicon business, CSPL, focuses on technology development and disruption led by AI; the DET business focuses on technology services with engineering competence as the core; and our DLM business focuses on engineering-led product manufacturing opportunities. With this, we are well positioned to address a wide spectrum of growth opportunities in these emerging macro and geopolitical uncertainties. On the DET front, for FY25, DET business delivered revenue at US$ 688 Mn, a degrowth of 3% cc YoY. DET's EBIT margin stood at 13.5%, declining by 261 bps YoY.
Order intake for DET for the full year stood at US$ 836 million, down YoY by about 7%, part of the degrowth attributed to evolving uncertainties through FY25 compared to the previous year. We won 24 large deals in DET business with a total contract potential of US$ 370.8 million in FY25. I would also like to extend a warm welcome to Sukamal Banerjee, who has joined us as executive director and chief executive officer (CEO) of Cyient DET.
As we continue to strengthen our core engineering offerings and build technology-led intelligent engineering solutions, Sukamal will provide a solid and stable foundation to lead Cyient DET through a transformative phase of growth. For the DET business, we see a lot of opportunities that we can capitalize on given our balanced portfolio. Our top customers have demonstrated strong growth this fiscal year despite the headwinds in demand. While there are some uncertainties in the near term, we are working very closely with our customers in navigating through the current challenges. We expect this to last at least through the first half of FY26. I am confident that with our balanced portfolio, our global presence, and the new leadership in place, we will emerge stronger to drive sustainable growth in the medium to long term.”
Prabhakar Atla, President and Chief Financial Officer, said, “Q4 FY25 DET revenue stood at US 170 million, a de-growth of 1.9% QoQ in constant currency terms. This was largely on account of macroeconomic uncertainties which impacted the demand environment during the later part of Q4. Q4 FY25 DET EBIT margin stood at 13%, down by 48 bps QoQ. Despite revenue degrowth, we were able to minimize the impact on margins due to tight operational control and focus on execution efficiency.
The PAT for Q4 FY25 stood at Rs 163 crore, a growth of 31.6% QoQ, led by improvement in other income, especially from unrealized/other forex gains due to major currency movements during the quarter. The FCF stood at Rs 215 crore, translating into 132% FCF to PAT conversion for forthe quarter. At the end of FY25, our cash position is the highest ever—at $157 million for DET alone. FY25 FCF for DET stood at Rs 801 crore, our best-ever, with an improvement of 6% YoY, resulting from our continued focus on cash generation. We have also cleared all our long-term debt, which makes Cyient DET a long-term debt-free business.
We are also very happy to announce a final dividend of Rs 14 per share, which translates into a full-year dividend of Rs 26 per share. As we exit FY25, we believe that we have an efficient, stable, and proven framework of cost and cash management. This will be a critical enabler for us in navigating the current macroeconomic uncertainties while providing us with the ability to explore and exploit opportunities effectively.
Meanwhile, the company recommended a final dividend of Rs 14 per share at a face value of Rs 5 each for the financial year 2024–25.
Cyient (formerly Infotech Enterprises) is an Indian multinational technology company that is focused on engineering, manufacturing, data analytics, and networks and operations. Infotech Enterprises was established in 1991 in Hyderabad.