Earnings Review
Syrma SGS Q1 PAT doubles to INR 1 bln, beats Street view
This story was originally published at 21:38 IST on 29 July 2026
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--Syrma SGS Apr-Jun consol net profit INR 1 bln
--Analysts saw Syrma SGS Apr-Jun consol net profit at INR 801 mln
--Syrma SGS Apr-Jun consol revenue INR 15.89 bln
--Analysts saw Syrma SGS Apr-Jun consol revenue at INR 13.84 bln
--Syrma SGS Apr-Jun consol PAT INR 1 bln vs INR 497.40 mln year ago
--Syrma SGS Apr-Jun consol revenue INR 15.89 bln vs INR 9.44 bln year ago
--Syrma SGS to raise up to INR 10 bln via QIP
--Syrma SGS reappoints Sandeep Tandon as executive chairman for 5 years
--Syrma SGS Apr-Jun consol EBITDA INR 1.62 bln vs INR 957 mln year ago
--Syrma SGS Apr-Jun consol EBITDA margin 10.2% vs 10.0% year ago
--Syrma SGS Apr-Jun auto vertical sales INR 3.95 bln, up 78% on year
--Syrma SGS Apr-Jun consumer vertical sales INR 5.33 bln, up 68% on year
--Syrma SGS Apr-Jun health vertical sales INR 1.35 bln vs INR 674 mln yr ago
--Syrma SGS Apr-Jun industrials vertical sales INR 3.77 bln, up 31% on year
--Syrma SGS Apr-Jun IT, railways vertical sales INR 1.50 bln, up 199% on year
--Syrma SGS total debt INR 6.86 bln on Jun 30 vs INR 3.53 bln on Mar 31
--Syrma SGS Apr-Jun spent INR 4.92 bln on investments
By Somen Bose
MUMBAI – Syrma SGS Technology Ltd. reported higher-than-expected earnings for the June quarter. The company's net profit more than doubled year-on-year as revenue growth outpaced expense growth.
The electronic manufacturing services company posted a consolidated net profit of INR 1 billion for the June quarter, up 101% from INR 497.40 million a year ago. The net profit was sharply above the Street estimate of INR 801 million. The company reported revenue from operations of INR 15.89 billion, up 67% from INR 9.53 billion a year ago. The Street estimate for revenue from operations was INR 13.84 billion.
Syrma SGS's total income for the June quarter rose 67% on year to INR 16.04 billion. The company's other income jumped over 117% to INR 150.64 million in the June quarter. The company's total expenses for the June quarter increased 64% on year to INR 14.63 billion. The cost of materials consumed jumped 93% to INR 14.01 billion for the reporting quarter.
The company's operating earnings before interest, tax, depreciation, and amortisation rose 69% to INR 1.62 billion, and EBITDA margin expanded to 10.2% from 10.0% a year ago.
Syrma SGS reported strong growth across segments for the June quarter. The company's auto vertical sales rose 78% on year to INR 3.95 billion and consumer vertical sales rose 68% to INR 5.33 billion. Revenues from the healthcare vertical doubled to INR 1.35 billion, those from industrials rose 31% to INR 3.77 billion, and those from the information technology and railways tripled to INR 1.5 billion.
The electronic manufacturer's total debt nearly doubled sequentially to INR 6.86 billion in the June quarter. Syrma SGS reappointed Sandeep Tandon as executive chairman for five years with effect from Oct. 1, 2026. The company also announced plans to raise up to INR 10 billion through qualified institutional placement of shares.
The company's shares rose after the earnings were announced and ended up nearly 3% at INR 1,343.4 apiece on the National Stock Exchange. End
Edited by Shubhayan Bhattacharya
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