Suyog Telematics Ltd — earnings calls

Suyog Telematics reported Q1 FY27 consolidated revenue of INR710 million with EBITDA margin of 59.3% under a revised accounting policy that now includes electricity reimbursement in the top line. The company began receiving Vodafone Idea orders in mid-June and converted 95 towers into 150 tenancies within about two weeks, and management said it is targeting 3,000 tenancies from Vodafone Idea in the current financial year. Management also described plans to launch a zinc-based battery in September to replace lithium batteries, whose prices have risen sharply, and reiterated a cautious stance on BSNL orders pending resolution of Tejas equipment issues.

Suyog Telematics reported FY26 revenue from operations of INR221 crore with EBITDA of INR1,642 million and a 74% EBITDA margin, alongside PAT of INR631 million. Management attributed revenue per tower improvement to INR31,000 partly to BSNL billing activation and Airtel upgrades, while tower additions in the year were limited to around 300. Management said future growth in FY27 depends heavily on an expected rollout of roughly 5,000 tenancies from Vodafone and an uncertain BSNL order tied to resolution of Tejas network equipment issues.