Syrma SGS Technology reported a sharp rise in quarterly profit on Monday, helped by strong demand across automotive, industrial and defence segments and a surge in exports, reinforcing momentum in India’s electronics manufacturing sector.
The Chennai-based electronics manufacturer said profit after tax for the January-March quarter jumped 67 per cent year-on-year to Rs 119.2 crore, while revenue rose 56 per cent to Rs 1,476.8 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 43 per cent to Rs 186.0 crore, though margins slipped sequentially as costs rose.
For the full financial year ended March 2026, Syrma SGS posted revenue of Rs 4,856.9 crore, up 27 per cent from a year earlier. Annual EBITDA surged 56 per cent to Rs 582.3 crore, while profit after tax nearly doubled to Rs 345.8 crore.
Managing Director Jasbir Singh Gujral said the company delivered strong execution during the year, with growth supported by positive operating cash flows and lower working capital requirements.
“We strengthened our presence in higher-quality verticals such as automotive, industrial, healthcare and defence, while exports grew 41 per cent and crossed Rs 1,200 crore,” Gujral said in a statement.
The company said it made progress on its strategic expansion through the consolidation of Elcome in defence electronics, a joint venture with Italy’s Elemaster in high-reliability industrial and railway electronics, and entry into the component ecosystem via a printed circuit board project.
Syrma SGS operates manufacturing facilities across Chennai, Bengaluru, Pune and other Indian cities, and serves more than 270 customers globally. It said the initiatives undertaken in FY26 would help build a broader and more resilient electronics manufacturing platform in the coming year. |
