Syrma SGS Technology Ltd reported strong growth in Q3 FY26. Revenue stood at ₹1,264 Cr, up 45% YoY and 10.3% QoQ. EBITDA came in at ₹159 Cr, up 101% YoY, while PAT reached ₹110 Cr, up 108% YoY. Gross, EBITDA and PAT margins improved to 27.44%, 12.61% and 8.73% respectively. Margin gains were driven by a better export mix, higher ODM share and growth in industrial and healthcare segments, along with operating leverage.
For 9M FY26, revenue stood at ₹3,363 Cr, up 17% YoY. EBITDA rose 79.2% to ₹370 Cr and PAT doubled to ₹228 Cr.
Automotive grew 30% and accounts for 31% of order book visibility. Consumer contributed 31–32% of revenue, led by telecom products and ODM offerings. Industrial grew 29% in 9M and 46% in Q3. Healthcare rose 31%, with exports largely to the US. IT and Railway grew 70% from a low base. Smart metering contributed ₹50 Cr in Q3.
Exports touched a record ₹335 Cr in Q3 and form 25% of 9M revenue. The company maintains a net cash position of ₹404 Cr. FY26 revenue guidance is ₹4,900–5,000 Cr with EBITDA of ₹500 Cr+.
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