Syrma SGS Technology Ltd — earnings calls

Syrma SGS reported consolidated revenue of Rs 1,604 crore for Q1 FY27, up 67% year-on-year, with EBITDA and PAT both more than doubling. Management attributed the growth to strong exports, up 61% in the quarter, and ODM sales nearly doubling, while flagging supply chain constraints from geopolitical issues in West Asia as a concern. The company also discussed a new joint venture with Japanese firm Kaga, progress on its PCB manufacturing project, and higher inventory and working capital levels adopted as a strategic buffer.

Syrma SGS reported Q4 FY26 consolidated revenue of INR1,477 crores, up 56% year-on-year, with operating EBITDA of INR174 crores at an 11.9% margin. For full year FY26, revenue grew 27% to INR4,857 crores, operating EBITDA grew 68% to INR545 crores at 11.3% margin, and the company moved to a net cash position of INR467 crores from a net debt position a year earlier. Management also confirmed it has dropped the planned Ksolare acquisition through its JV with Premier Energies and outlined capex plans for a new PCB manufacturing business.