SYRMA Q2 Results: Revenue rose by 16.00% year-over-year (YoY) to Rs. 833 crore, while net profit rose by 29.00% YoY to Rs. 40 crore.
Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.
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.
Profit Margin
The profit margin for the current quarter (Sep 2024) is 0, which is the same as the profit margin for the previous quarter (Jun 2024). However, compared to the same quarter last year, the profit margin remains unchanged at 0, as it was in Sep 2023.
EPS
The EPS for the current quarter (Sep 2024) is 2, which is 1 less than the EPS for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is higher than the EPS of 1 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.