Syrma SGS Technology Limited announced its unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026 (Q1 FY27).
Financial Performance (Consolidated)
Q1 FY27 Results:
- Total Revenue: ₹16,037 Mn, representing 67.1% year-on-year growth from Q1 FY26 (₹9,600 Mn)
- EBITDA: ₹1,766 Mn, showing 72.0% year-on-year growth from Q1 FY26 (₹1,027 Mn)
- EBITDA Margin: 11.0%, increased by 31 basis points from Q1 FY26 (10.7%)
- PAT: ₹1,057 Mn, showing 111.8% year-on-year growth from Q1 FY26 (₹499 Mn)
- PAT Margin: 6.6%, increased by 139 basis points from Q1 FY26 (5.2%)
Quarterly Comparison:
- Revenue decreased from Q4 FY26 (₹14,768 Mn) to Q1 FY27 (₹16,037 Mn)
- EBITDA decreased from Q4 FY26 (₹1,860 Mn) to Q1 FY27 (₹1,766 Mn)
- EBITDA Margin decreased from Q4 FY26 (12.6%) to Q1 FY27 (11.0%)
- PAT decreased from Q4 FY26 (₹1,192 Mn) to Q1 FY27 (₹1,057 Mn)
- PAT Margin decreased from Q4 FY26 (8.1%) to Q1 FY27 (6.6%)
Management Commentary
Mr. Jasbir Singh Gujral, Managing Director, commented that Q1 FY27 delivered a strong start to the year with revenue growing 67% year-on-year to ₹1,604 Cr and operating EBITDA up 68% year-on-year to ₹162 Cr. The growth was led by continued strength in Automotive, Consumer, and export business, as new customer programs onboarded through FY26 begin to scale. The company remains committed to its FY27 growth aspirations and is focusing on deepening industrial and export business reach, scaling MedTech and Maritime electronics presence, and progressing the PCB project.
Strategic and Corporate Updates
Joint Venture: The company entered into a strategic Joint Venture with KAGA Electronics Co., Ltd. to strengthen electronics manufacturing capabilities in India, enhance support for Japanese OEM customers, and expand presence across high-growth technology and industrial segments.
CEO Appointment: The Board appointed Mr. Jaidit Singh Brar as Chief Executive Officer effective June 26, 2026. Mr. Brar brings over 25 years of leadership experience across industry and consulting, including as Senior Partner at McKinsey & Company.
Credit Rating Upgrade: India Ratings & Research (Ind-Ra) upgraded Syrma SGS's long-term credit rating to IND AA/Stable from IND AA-/Stable and reaffirmed its short-term rating at IND A1+.
Company Background
Syrma SGS Technology is a leading Indian Electronic Systems Design and Manufacturing company with over 45 years of expertise. The company serves more than 270 customers across 20+ countries with manufacturing facilities in Chennai, Bangalore, Manesar, Gurgaon, Pune, and Baddi, along with R&D centres in Chennai, Pune, Gurgaon, and Stuttgart, Germany. Services include Product Design, Assembly (PCBA & Box Build), Quick Prototyping, and Tester Development Services, along with OEM solutions for RFID tags & inlays, high-frequency magnetic components, and electro-mechanicals.