Date: October 30, 2026

Financial Performance Summary

Quarterly Performance (Q2 FY27)

  • Total Revenue: ₹19,995 Mn, up 73.2% YoY from ₹11,546 Mn in Q2 FY26
  • EBITDA: ₹2,031 Mn, up 63.9% YoY from ₹1,240 Mn in Q2 FY26
  • EBITDA Margin: 10.2%, down 58 bps from 10.7% in Q2 FY26
  • PAT: ₹1,242 Mn, up 87.2% YoY from ₹663 Mn in Q2 FY26
  • PAT Margin: 6.2%, up 47 bps from 5.7% in Q2 FY26

Half-Yearly Performance (H1 FY27)

  • Total Revenue: ₹36,032 Mn, up 70.9% YoY from ₹21,087 Mn in H1 FY26
  • EBITDA: ₹3,798 Mn, up 67.6% YoY from ₹2,266 Mn in H1 FY26
  • EBITDA Margin: 10.5%, down 21 bps from 10.7% in H1 FY26
  • PAT: ₹2,299 Mn, up 97.7% YoY from ₹1,163 Mn in H1 FY26
  • PAT Margin: 6.4%, up 87 bps from 5.5% in H1 FY26

Performance Drivers

  • Revenue growth driven by strong performance in Automotive and Industrials segments
  • Exports showed exceptional growth of 80% year-on-year
  • Company achieved positive operating cash flow for the half year
  • Working capital reduced to 63 days

Strategic and Corporate Updates

  • New Bengaluru Facility: Syrma SGS Elemaster Private Limited (joint venture with Elemaster S.P.A. Tecnologie Elettroniche) inaugurated new manufacturing facility to expand capabilities in high-growth sectors
  • Medical Facility Expansion: Subsidiary Syrma Johari MedTech inaugurated new medical plastics and precision molding facility in Jodhpur to strengthen MedTech manufacturing capabilities and support global medical-device programmes

Management Commentary

Mr. Jasbir Singh Gujral, Managing Director, stated: \"The first half of FY27 reflects the continued strength of our execution, with Total Revenue up 71% and PAT nearly doubling. Through industry-wide component constraints, we met our customer commitments while bringing working capital back to 63 days and turning operating cash flow strongly positive for half year. We continue to build on this momentum, backed by a strengthening customer pipeline: expanding our global footprint, scaling our niche, technology-intensive segments, and advancing our PCB project as the next pillar of growth for Syrma SGS.\"

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 pan-India manufacturing footprint including 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.