Please find enclosed the transcript of the earnings call in connection with Q2FY27 financial results

19 October 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 Q2 FY27 Financial Results held on 15 October 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 CYll:NT : “Cyient DLM Limited Q2 FY27 Results Conference Call” October 15, 2026 . . . . CYll:NT : . C H O R L L' .M : 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 19 CYll:NT ·: Cyient DLM Limited •. .D LM. : October 15, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Cyient DLM Limited Q2 FY27 Results 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 touch-tone 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 very much, Dorwin, and good evening, ladies and gentlemen. I am Krishna Bodanapu, Non-Executive Chairman of Cyient DLM Limited. It is my pleasure to welcome you to our Q2 FY27 earnings call. And 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 are subject to risks and uncertainties. A detailed disclaimer is available in the Investor Update section posted on our website. Let me begin with what I believe is one of the strongest indicators of the underlying momentum in our business. The continued strength of our order book and sales pipeline. While Rajendra and RMS will talk about details, I'm happy to note that the headline number is that order backlog now stands at INR2,813 crores with -- on top of which there is a pipeline which is in excess of $1 billion. So I'm very happy to note that the order book momentum continues to pick up during the course of the quarters. We have sustained positive momentum in our order book for 6 continuous quarters. During Q2, our book-to-bill ratio remained at over 1.6x, supported by strong order inflows from large OEMs. We have also surpassed the record order book achieved in the previous quarter, providing us with strong revenue visibility. This reinforces the confidence our customers continue to place in our quality, delivery, performance and capabilities. Our execution teams have done a commendable job in fulfilling critical customer requirements despite the continued supply chain shortages, longer lead times and geopolitical uncertainties, especially driven by what is happening in the memory market. This has resulted in a revenue growth of more than 26% year-on-year during this quarter, which is broadly in line with our expectations. Encouragingly, we're seeing positive growth across all key segments. Aerospace and industrial continues to grow at a faster pace, while defense and medical are gaining momentum. We have also strengthened the sales leadership team recently, bringing in diverse experience and capabilities that will help accelerate our revenue and profit agenda -- growth agenda. This gives us greater confidence in the execution of our strategy. While Rajendra will elaborate on this further, our strategic direction remains clear, which is to deepen and scale our presence in existing segments while selectively expanding into attractive new growth areas. Page 2 of 19 CYll:NT ·: Cyient DLM Limited •. .D LM. : October 15, 2026 As we position the business for the next phase of growth, we have continued to invest in our sales organization, strategic capabilities and the overall foundation to support the next phase of growth. These are deliberate investments. While they have an impact on margins in the near term, we believe that they're important to building a stronger and more scalable business. These investments are in 2 dimensions. One is the investments that we have made in our go-to- market organization, sales, marketing, etcetera. And the second -- and sorry, and that leads to better pipeline, better backlog and, of course, eventually better margin and growth, which we're starting to see. The second investment is in our B2S, build-to-spec business, where engineering is done upfront. The IP is co-owned by Cyient DLM with our customers, and we have a very long manufacturing responsibility for many, many years. So both are very good investments, and I'm happy to say that they're starting to show some very good results, for example, with sales in terms of the order book or DLM in terms of the number of DLM contracts that we are bidding and that we have won. As we continue to focus on growth, our focus firmly remains profitable growth, operating leverage and sustainable improvement in margins medium to long term. Looking ahead, we remain excited about the opportunities across our market sectors. Rising electronic content, growing AI infrastructure demand, global supply chain diversification, increasing investments across our focus sectors and broader outsourcing trends continue to create a very strong and favorable demand environment. Our differentiated design-led manufacturing, the model which is unique to Cyient DLM, our strong customer relationships, expanding execution capabilities, we believe Cyient DLM is well positioned to capitalize on these opportunities. Most importantly, our H1 FY27 performance reflects a strong rebound over FY26 with revenue growth of more than 30%. It is supported by a record order book and a robust business pipeline, which provides greater visibility as we step into the second half of the year. I am confident that we will see this sustaining through the rest of the year and into next year. With a strengthened leadership team, improving growth momentum and continued investments in our capabilities and growth areas, we remain confident in our ability to build a strong and more scalable business, create sustainable long-term value for our customers, employees, shareholders and all stakeholders. With that, I will now hand over the call to Rajendra, who will take you through the business and operating highlights in greater detail. Rajendra? Rajendra Velagapudi: Thank you, Krishna. So good afternoon, everyone, and thank you for joining Cyient DLM's Q2 FY27 investor call. So I will outline the structural opportunities ahead and explain how our long-term strategy positions Cyient DLM to participate in some of the fastest-growing high reliability segments of the global electronics product and manufacturing services market. Let me begin with the market backdrop. The global EMS industry is on a structural growth path with the market expected to rise from approximately 650 billion today to about 1.1 trillion over the next few years. Within this Page 3 of 19 CYll:NT ·: Cyient D [Showing first 8,000 characters — download PDF for full document]