Syrma SGS Reports Strong Q1 FY27 Results: Revenue Jumps 67% as Export Business Strengthens
Chennai, India - July 29, 2026 - Syrma SGS Technology Limited, a prominent player in India's electronics manufacturing and design ecosystem, announced robust financial results for the quarter ending June 30, 2026. The company reported significant growth across key metrics, achieving Total Revenue of ₹16,037 million, EBITDA of ₹1,766 million, and Profit After Tax (PAT) of ₹1,057 million.The consolidated financial highlights for the quarter show substantial year-on-year increases:
- Total Revenue grew by 67.1% YoY to reach ₹16,037 million.
- EBITDA rose by 72.0% YoY.
- PAT saw a massive increase of 111.8% YoY.
Export revenue constituted 24% of the operating revenue for the quarter, marking a 67% rise year over year.
Financial Performance Snapshot (Consolidated)
The table below details the financial performance comparison across quarters and the corresponding year-over-year changes:| Metric | Q1FY27 | Q4FY26 | Q1FY26 | YoY Change |
|---|---|---|---|---|
| Total Revenue (Rs Mn) | 16,037 | 14,768 | 9,600 | +67.1% |
| EBITDA (Rs Mn) | 1,766 | 1,860 | 1,027 | +72.0% |
| EBITDA Margin | 11.0% | 12.6% | 10.7% | +31 bps |
| PAT (Rs Mn) | 1,057 | 1,192 | 499 | +111.8% |
| PAT Margin | 6.6% | 8.1% | 5.2% | +139 bps |
Management Commentary and Future Focus
Commenting on the results, Mr. Jasbir Singh Gujral, Managing Director of Syrma SGS Technology Ltd., stated that Q1FY27 represented a strong beginning to the financial year. He noted that revenue grew by 67% year-on-year to ₹1,604 Cr, and operating EBITDA increased by 68% year over year to ₹162 Cr, while PAT more than doubled.This performance was attributed to sustained strength across the Automotive and Consumer sectors, alongside the export business, as new customer programs initiated in FY26 began to scale up. Mr. Gujral reaffirmed the company’s commitment to long term growth aspirations for FY27, focusing on deepening industrial and export market reach, scaling MedTech and Maritime electronics presence, and progressing PCB projects to further solidify its ecosystem development.
Key Strategic Updates
The company provided several corporate and operational updates:- CEO Appointment: Mr. Jaidit Singh Brar was appointed as the Chief Executive Officer of Syrma SGS, effective June 26, 2026. Mr. Brar possesses over 25 years of experience in industry and consulting, including serving 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, while reaffirming the short term rating at IND A1+.
- Joint Venture: The company formed a strategic Joint Venture with KAGA Electronics Co., Ltd. This partnership aims to strengthen electronics manufacturing capabilities in India, enhance support for Japanese OEM customers, and expand the company's presence across high growth technology and industrial segments.
About Syrma SGS Technology Limited
Syrma SGS is an established Indian Electronic Systems Design and Manufacturing company with over 45 years of expertise. Serving more than 270 customers across over 20 countries, the Company maintains a pan India manufacturing footprint in Chennai, Bangalore, Manesar, Gurgaon, Pune, and Baddi, complemented by R&D centres in Chennai, Pune, Gurgaon, and Stuttgart, Germany.The company provides comprehensive services including Product Design, Assembly (PCBA & Box Build), Quick Prototyping, and Tester Development Services. Additionally, Syrma SGS offers OEM solutions for RFID tags & inlays, high frequency magnetic components, and electromechanicals.
SYRMA Stock Price Movement
Today, shares of Syrma SGS Technology Limited edged higher to close at ₹1343.4, gaining 3.60% in a positive session for the capital goods firm. The stock saw robust trading activity, with over 1.28 million shares transacting as it settled up by ₹47.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.