Cyient has approved a share buyback worth ₹720 crore as it reported a significant drop in its fourth-quarter profit, which fell to ₹54.8 crore from ₹170 crore in the previous year. The decline in profit was attributed to a one-time exceptional charge of ₹71.2 crore related to an unsuccessful acquisition. Despite this, the company's total revenue for the quarter was ₹1,954 crore, surpassing estimates of ₹1,757 crore, demonstrating resilience in its underlying business operations. The buyback will involve repurchasing up to 64 lakh shares at a price of ₹1,125 per share, reflecting a 20% premium over the last traded price. This marks Cyient's first capital return through a buyback since 2019, and the company has opted to skip dividend distribution for the year while considering future fundraising to support growth initiatives. Executive Vice Chairman and Managing Director Krishna Bodanapu expressed confidence in the company’s cash flow and position, emphasizing ongoing investments in capabilities and growth.