Syrma SGS’ Net Profit in June Quarter Up by 157.5%

Gurugram, July 23, 2025 – Syrma SGS Technology Ltd (NSE: SYRMA, BSE: 543573) announced its Q1 FY26 standalone results, reporting a decline in revenue but sharp increase in profitability. Revenue from operations fell 18.6% year-on-year to ₹943.98 crore from ₹1,159.97 crore in Q1 FY25. Despite the drop in top-line performance, EBITDA increased 78% YoY to ₹95.70 crore, with EBITDA margins expanding  to approximately 10% from 4.6% a year earlier. Net profit also increased 157.5% YoY to ₹49.70 crore compared to ₹19.30 crore in the same quarter last year. The sharp improvement in margins and profitability is attributed to strong cost controls and operational efficiency, the company said.

Standalone Financial Highlights (₹ in crore)

Syrma SGS Technology Ltd reported a net profit of ₹267.51 crore in Q1FY26, a sharp rise from ₹27.26 crore in Q1FY25, despite a sequential decline from ₹321.86 crore in Q4FY25. Revenue from operations stood at ₹5,617.47 crore, down YoY but up 20.7% QoQ. Total expenses and income also fell compared to the year-ago quarter. EPS improved to ₹1.50 from ₹0.15 in Q1FY25.

Stock Performance

As of July 23, 2025, shares of Syrma SGS Technology Ltd closed at ₹696.00 on the NSE, marking a decline of ₹14.05 or 1.98% for the day. The stock opened at ₹700.00 and reached an intraday high of ₹717.20 before slipping to a low of ₹684.00. At 10:00 AM, it was trading around ₹698.45. The downward movement reflects investor caution, despite the company’s sequential revenue recovery in Q1 FY26, as net profit showed a quarter-on-quarter decline.

Performance Snapshot

• Revenue from operations rose 38.5% QoQ but declined 31.1% YoY.
• Net profit stood at ₹267.51 million, down 16.9% QoQ and 3.6% YoY.
• Other income dipped sharply YoY to ₹67.66 million from ₹283.57 million.
• Expenses increased QoQ in line with rising input costs and material consumption.

Additional Financial Notes

• Exceptional items were nil during the quarter.
• Tax expense came in at ₹87.83 million.
• Total comprehensive income stood at ₹264.34 million, reflecting fair valuation losses.

Capital Structure

• Paid-up equity share capital stood unchanged at ₹1,780.47 million (face value ₹10 per share).
• Earnings per share (EPS) for Q1FY26 stood at ₹1.50 (basic and diluted), lower than ₹1.81 in Q4FY25 but significantly better than ₹0.15 in Q1FY25.

Auditor’s Opinion

The standalone financial results were reviewed by Walker Chandiok & Co LLP, who issued a limited review report with no qualifications under Regulation 33 of SEBI (LODR) Regulations, 2015.

About the Company

Syrma SGS Technology Ltd is a listed electronics manufacturing services (EMS) company specializing in printed circuit board assemblies, RFID, and other critical electronic components. The company is listed on NSE (Symbol: SYRMA) and BSE (Code: 543573).

REF:https://nsearchives.nseindia.com/corporate/SYRMASGS_23072025150845_OutcomeofBM23072025signed.pdf

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