Syrma SGS Q2 profit up 87% as revenue climbs 73% to a record

what happened

Indian electronics manufacturer Syrma SGS Technology reported its highest quarterly performance ever. Moody's reported the figures, citing the company's earnings release dated October 30. For the September quarter of FY27, consolidated net profit rose 87.2% to Rs 124.2 crore, revenue from operations grew 73.2% to Rs 1,999.5 crore, and EBITDA increased 63.9% to Rs 203.1 crore.

Exports were the main growth engine, with overseas revenue climbing 91% to Rs 513.8 crore, or 26% of operating revenue. The automotive business grew 91%, industrials rose 86%, and the consumer segment, still the largest, expanded 57%. Margins, however, slipped sequentially: the EBITDA margin was 10.2% against 11% in the June quarter.

Managing Director Jasbir Singh Gujral said first-half revenue rose 71% and profit after tax nearly doubled. The company also cut its working capital cycle to 63 days and generated positive operating cash flow in the first half of FY27.

why it matters

For investors, the key tension is between fast revenue growth and narrowing margins. With component shortages affecting the whole industry, profitability may stay under pressure even when demand is strong.

market impact

Syrma SGS shares: strong revenue and profit support the stock, but the margin squeeze limits the upside

• ↔Syrma SGS shares mixed — record revenue and profit offset by a sequential margin decline in Q2

tags

instruments