Now Reading: Syrma SGS Q2 profit nearly doubles, revenue jumps 73%
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Syrma SGS Q2 profit nearly doubles, revenue jumps 73%
The Story in Brief
Syrma SGS Technology reported its highest-ever quarterly revenue of Rs 1,999.5 crore for Q2 FY27, up 73% from Rs 1,154.6 crore a year ago. Consolidated net profit rose 87% to Rs 124 crore, compared with Rs 66.3 crore in the corresponding quarter last year. The electronics manufacturer's automotive segment grew 91% year-on-year, while consumer and industrial revenue rose 57% and 86% respectively.
Exports, comprising 26% of revenue, surged 91%. Managing Director Jasbir Singh Gujral said the company maintained customer commitments despite component shortages and reduced working capital to 63 days. Syrma aims to reach $1 billion in revenue in FY28. Its PCB plant in Andhra Pradesh is on track for trial production by March 2027. Shares closed 2.85% lower at Rs 1,620.90 on the BSE before the results were announced.
Indian Opinion Analysis
All four sources report Syrma SGS Technology's best-ever quarterly revenue of roughly Rs 1,990 to 2,000 crore and profit nearly or more than doubling, with minor variance in profit figures: CNBC-TV18 puts net profit at Rs 117 crore (83% rise), while The Hindu Business Line, Times of India and Economic Times each report Rs 124 crore (87% rise). CNBC-TV18 alone led on EBITDA margin contraction to 9.7%, the others omit that or frame margin compression as moderate. The Hindu Business Line and Times of India foreground the company's $1 billion revenue target for FY28 and the PCB plant timeline of March 2027, giving the story a forward-looking tone. Economic Times adds context on the Kaga Electronics and PCB joint ventures. The coverage is uniformly factual corporate earnings reporting, with no political slant. The key open item is whether Syrma can hit the $1 billion revenue target in FY28 as component supply constraints persist.
Coverage: 4 sources, 4 neutral
Sources (4): cnbctv18.com (neutral report), thehindubusinessline.com (neutral report), timesofindia.indiatimes.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry. Methodology and corrections.
