Cyient DLM has reported strong performance in the second quarter of FY25, with a revenue growth of approximately 33% year-on-year. This growth was driven by increased demand in the defense and aerospace sectors, which saw growth rates of 82% and 20% respectively.

The company's order book has declined by 13% year-on-year and 7% quarter-on-quarter, totaling INR 19.8 billion. However, management expects the order book to improve in the fourth quarter due to a healthy pipeline and the finalization of key deals.

Analysts project significant growth rates for Cyient DLM, with a compound annual growth rate (CAGR) of 38% in revenue, 51% in EBITDA, and 64% in adjusted PAT from FY24 to FY27. Motilal Oswal maintains a "BUY" rating on Cyient DLM and has set a target price of INR 870, based on a price-to-earnings ratio of 35 times the estimated earnings per share for FY26.