Home / Business and Economy / Syrma SGS Profit Soars 83% Amidst JV Expansion
Syrma SGS Profit Soars 83% Amidst JV Expansion
30 Oct
Summary
- Net profit surged by 83.1% to Rs 117 crore in the July-September quarter.
- Revenue increased by 73.6% to Rs 1,990 crore in the same period.
- A new Bengaluru facility is expected to generate Rs 200 crore in revenue by FY28.
Syrma SGS Technology announced robust financial results for its second quarter ending September 30, 2026. The company's net profit saw an impressive rise of 83.1%, accumulating to Rs 117 crore from Rs 64 crore in the same period last year.
Operational revenue for the quarter also experienced substantial growth, climbing 73.6% to Rs 1,990 crore from Rs 1,146 crore in the corresponding period of the previous fiscal year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) advanced by 67.7% to Rs 193 crore, although the EBITDA margin slightly contracted year-on-year to 9.7% from 10.1%.
The company's positive outlook is partly fueled by its joint venture with the Elemaster Group. Their new electronics manufacturing facility in Bengaluru, established as Syrma SGS Elemaster Private Ltd, is projected to generate approximately Rs 200 crore in revenue during its first full year of operation in FY28. This facility, located in the Bommasandra Industrial Area, is equipped with advanced manufacturing capabilities.
