Syrma SGS Shares Surge 13% Following Strong Q2 Results
NSE: SYRMA: Rs.490.90 (+13.59%) 12.55 pm IST.
Syrma SGS Technology Limited is an Indian company specializing in Electronic Manufacturing Services (EMS). They offer comprehensive solutions to Original Equipment Manufacturers (OEMs), encompassing the entire product lifecycle from initial concept to mass production. Their key services and products include:
Printed Circuit Board Assemblies (PCBA): Manufacturing and assembly of PCBs for various electronic applications.
Radio Frequency Identification (RFID) Products: Design and production of RFID tags and readers for diverse industries.
Electromagnetic and Electromechanical Parts: Production of components such as coils, transformers, and motors.
Memory Products: Manufacturing of DRAM modules, solid-state drives, and USB flash drives.
Revenue
Revenue for the current quarter (Sep 2024) is Rs. 833 crore which is Rs. 1160 crore less than the revenue in the previous quarter (Jun 2024). However, it is higher than the revenue for the same quarter last year (Sep 2023) which was Rs. 712 crore.
Net Profit
Net Profit for the current quarter (Sep 2024) is Rs. 40 crore, which is Rs. 20 crore more than the net profit in the previous quarter (Jun 2024). However, compared to the same quarter last year, it is significantly higher than the net profit of Rs. 31 crore for Sep 2023.
Other Income
Other income for the current quarter (Sep 2024) is Rs. 10 crore, which is Rs. 15 crore less than the other income for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is higher than the other income of Rs. 8 crore for Sep 2023.