Syrma SGS Technology Ltd Share Price – NSE  / BSE

Electronics, Small Cap

On a consolidated basis, net profit surged 108.1% YoY to Rs 110.3 crore in Q3 FY26, compared with Rs 53.0 crore in Q3 FY25. Sequentially, profit after tax jumped 66.3% QoQ from Rs 66.3 crore in Q2 FY26.

Revenue from operations climbed 45.4% YoY to Rs 1,264.2 crore, up from Rs 869.2 crore in the year-ago quarter. On a quarter-on-quarter basis, revenue increased 10.3% QoQ from Rs 1,145.9 crore in Q2 FY26.

Gross profit rose 53.4% YoY to Rs 346.8 crore in Q3 FY26, while gross margin improved to 27.4%, compared with 26.0% in Q3 FY25 and 23.8% in Q2 FY26.

Profit before tax stood at Rs 138.3 crore in Q3 FY26, up 117.8% YoY from Rs 63.5 crore in Q3 FY25 and higher by 54.6% QoQ from Rs 89.5 crore in the previous quarter.

EBITDA increased 67.5% YoY to Rs 169.7 crore, while EBITDA margin expanded to 13.3% from 11.4% a year ago and 10.7% in Q2 FY26. On a sequential basis, EBITDA rose 36.9% QoQ.

On the cost front, cost of materials consumed rose 42.7% YoY to Rs 917.4 crore, in line with higher volumes. Operating expenses increased 27.4% YoY to Rs 187.4 crore, reflecting scale-up across manufacturing and operations. Finance costs declined sharply by 50.2% YoY to Rs 7.7 crore, while depreciation and amortisation remained largely stable at Rs 20.3 crore.

The EMS segment continues to witness strong traction across industry verticals on both domestic and global export markets. Looking ahead, Syrma SGS Technology said it remains well positioned to grow broadly in line with industry growth rates.

Syrma SGS is an electronic systems design and manufacturing company. It has a pan-India manufacturing footprint with facilities in Chennai, Bangalore, Manesar, Gurgaon, Pune, Jodhpur and Baddi, along with R&D centres in Chennai, Pune, Gurgaon, and Stuttgart, Germany. The company offers a comprehensive range of services, including product design, assembly (PCBA & Box Build), quick prototyping, and tester development services, positioning us as a catalyst for growth in the industry. In addition to EMS, Syrma SGS also provides OEM solutions for RFID tags & inlays, high-frequency magnetic components, and electro-mechanicals.

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Net profit of Syrma SGS Technology rose 110.68% to Rs 102.79 crore in the quarter ended December 2025 as against Rs 48.79 crore during the previous quarter ended December 2024. Sales rose 45.36% to Rs 1264.18 crore in the quarter ended December 2025 as against Rs 869.70 crore during the previous quarter ended December 2024.

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Syrma SGS Tech. will hold a meeting of the Board of Directors of the Company on 29 January 2026.

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On a consolidated basis, the company?s net profit soared 76.8% year-on-year to Rs 64.06 crore in Q2 FY26, as against Rs 36.24 crore recorded in the corresponding quarter last year. Revenue from operations jumped 37.6% YoY to Rs 1,145.89 crore during the quarter. Profit before tax was Rs 89.50 crore, up 76.6% compared to Rs 50.68 crore reported in the same quarter last year.

EBITDA rose 53.1% to Rs 124 crore in Q2 FY26 compared with Rs 81 crore in the same period last year, while EBITDA margin improved to 10.7% from 9.6% a year ago, reflecting improved product mix and operating leverage.

Total expenses increased 34.47% YoY to Rs 1,065.13 crore in Q2 FY26. The cost of materials consumed rose 34.49% to Rs 872.95 crore, while employee benefits expense grew 11.67% to Rs 51.47 crore during the quarter under review.

Exports contributed 23% to the company?s total revenue from operations in Q2 FY26, underscoring its growing global presence. As of 30 September 2025, the company?s cash and cash equivalents stood at Rs 758.4 crore, indicating a strong liquidity position.

Meanwhile, the company is acquiring Elcome Integrated Systems and Navicom Technology International to strengthen its presence in the defence and maritime sectors. It will acquire 60% stake in Elcome for about Rs 235 crore in the first tranche, with further payouts linked to performance milestones. Elcome will also acquire 100% stake in Navicom.

Syrma SGS Technology is a technology-focused engineering and design company specializing in precision manufacturing for diverse end-use industries. It is engaged in the business of manufacturing various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils and RFID products, and other electronic products.

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