Cyient DLM reported a robust 33% YoY revenue growth in 2QFY25, driven by an 82% increase in defense and a 20% rise in aerospace sectors, while maintaining margins at 8.1%. Despite a 13% YoY decline in the order book to INR19.8b, management anticipates a turnaround in 4Q with a strong order pipeline. The company is projected to achieve significant revenue and profit growth over the next few years, prompting a BUY rating with a target price of INR870.
