Analysts/Institutional Investor Meet/Con. Call Updates

23 July 2026 BSE Limited National Stock Exchange of India Ltd PJ Towers, 25th Floor, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai 400001. Mumbai-400 051. Scrip Code: 543933 Scrip Code: CYIENTDLM Sub: Transcripts of Earnings Call Please find enclosed transcripts of earnings conference call, in connection with Q1 FY27 Financial Results held on 21 July 2026. This information will also be hosted on the Company’s website, at http://www.cyientdlm.com This is for your information and records. For Cyient DLM Limited S. Krithika Company Secretary & Compliance Officer Cyient DLM Limited Mysore Office Registered Office Plot no.347, D1 &2, KIADB Plot No.5G, Survey No.99/1 www.cyientdlm.com Electronics City, Hebbal Industrial Mamidipalli Village, Company.Secretary@cyientdlm.com Area, Mysore 570 016, GMR Aerospace & Industrial Park, T: +91 8214282222/4004500 Karnataka, India Rajiv Gandhi International Airport F: +91 8214000369 Shamshabad, Hyderabad – 500 108 CIN: L31909TG1993PLC141346 “Cyient DLM Limited Q1 FY27 Earnings Conference Call” July 21, 2026 MANAGEMENT: MR. KRISHNA BODANAPU – NON-EXECUTIVE CHAIRMAN – CYIENT DLM LIMITED MR. RAJENDRA VELAGAPUDI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – CYIENT DLM LIMITED MR. R.M. SUBRAMANIAN – CHIEF FINANCIAL OFFICER – CYIENT DLM LIMITED Page 1 of 21 Cyient DLM Limited July 21, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Cyient DLM Limited Q1 FY27 earnings conference call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Krishna Bodanapu, Non-Executive Chairman, Cyient DLM Limited. Thank you, and over to you, sir. Krishna Bodanapu: Thank you, Darwin. Good evening, ladies and gentlemen. I am Krishna Bodanapu, Non- Executive Chairman of Cyient DLM Limited. I welcome you to our Q1 FY27 earnings conference call. Joining me today are our Managing Director and CEO, Mr. Rajendra Velagapudi, and our CFO, Mr. R.M. Subramanian. Before we begin, I would like to remind you that certain statements made during this call may be forward-looking in nature and subject to risks and uncertainties. A detailed disclaimer is available in the investor website section posted on our website. The Q1 FY27 performance reinforces the message that I shared in our previous earnings call, that the underlying strength of our business remains strong and the investments we were made over the last few years are translating into tangible results. The quarter was marked by continued geopolitical uncertainties, evolving demand patterns and disruptions across global supply chains, including the ongoing developments in the Middle East that added further complexity to the operating environment. Despite these challenges, Cyient DLM remained firmly focused on execution, customer commitment and long-term value creation. I am particularly proud of how our teams responded with proactive planning, strategic inventory build-up of critical components, alternative sourcing initiatives and close collaboration with our customers and suppliers. These actions enabled us to maintain uninterrupted execution and consistently meet our delivery commitments, further strengthening customer trust and confidence in Cyient DLM. Our strong performance during this quarter is a testament to the resilience of our business model, the depth of our customer relationships, and most importantly, the dedication and commitment of our people who committed to deliver exceptional excellence in a challenging global environment. One of the most encouraging aspects of our performance has been the continued momentum in order book. We closed the quarter with the highest ever order book in the company's history, providing strong revenue visibility and reaffirming customer confidence in our capabilities. Order inflow remained extremely strong during the quarter, resulting in a robust book-to-bill ratio of 1.5x. This underscores the sustained strength of demand across our target markets and reflects the success of our continued investments in customer engagement, engineering excellence and operational capabilities. Equally encouraging is the return of growth across our key business segments. Aerospace, defence and industrial, all of which delivered healthy performance and continue to present Page 2 of 21 Cyient DLM Limited July 21, 2026 attractive long-term opportunities. The increasing diversification of our revenue mix -- across these sectors enhances the resilience of our business and strengthens the foundation for sustainable growth. We have also made significant progress in strengthening our commercial organization. Key leadership hiring has now been mostly completed, including the addition of Rama Alapati as the Chief Strategy and Growth Officer. This enhances our go-to-market capabilities and positions us to deepen customer engagement, expand into new opportunities and accelerate on our ambitions for growth. While growth remains a key priority, profitable growth continues to be our primary objective. I am pleased that we now have sustained double-digit EBITDA margins for four consecutive quarters. This consistency reflects our focus on operational excellence, improving revenue quality, disciplined cost management and increasing value-added engagements with customers. Looking ahead, we remain excited about the opportunities emerging across our target markets. Rising electronic content, supply chain diversification initiatives, increased investments across our focus sectors and the broader outsourcing trend continue to create a favourable demand environment. With our differentiated design-led manufacturing model, strong customer relationships and growing execution capabilities, we believe Cyient DLM is well-positioned to capitalize on these opportunities. Most importantly, we have entered FY27 with strong momentum. The first quarter delivered healthy performance across revenue growth, profitability and order intake. Supported by our record order book, a strengthened leadership team and a robust business pipeline, we are confident in our ability to continue creating long-term value for our customers, employees and shareholders. I would like to thank our customers for their continued trust, our employees for their unwavering commitment and our shareholders for your ongoing support and confidence in our vision. We remain optimistic about the opportunities before us. The foundations we have built, the capabilities we have strengthened and the momentum with which we entered FY27 gives us confidence that Cyient DLM is well-positioned for its next phase of profitable and sustainable growth. Before I hand over the call to Rajendra, on behalf of the board, I want to thank him for beautifully turning around the business to a situation where we can now be confident in sustained growth for the future. We have an order book, we have the people and we have the customers that will support this accelerated growth. With that, I will now like to hand over the call to Rajendra, who will take you through the business and the operational highlights in bit more detail. Thank you, Rajendra. Rajendra Velagapudi: Thank you, Krishna. So good evening, everyone and thanks for joining us today. I will take you the next few minutes to walk you through the Q1 FY27 business updates for Cyient DLM. I will keep the discussion simple and clear and I will focus on three messages. First, the EMS market continues to offer a large and structurally attractive growth opportunity. Second, Cyient Page 3 of 21 Cyient DLM Limited July 21, 2026 DLM has a clearly phased strategy across strengthen, expand and transform. And third, we are seeing tangible business hig [Showing first 8,000 characters — download PDF for full document]