Syrma SGS Technology Reports Strong Q1 FY27 Results; PAT Doubles to ₹106 Crore

BY ADMIN • FILED 29 Jul 2026, 6:03 PM

Syrma SGS Technology Limited has reported a strong financial performance for the quarter ended June 30, 2026 (Q1 FY27), driven by robust demand across its Automotive, Consumer Electronics, and Export businesses. The electronic systems design and manufacturing (ESDM) company delivered substantial growth in revenue, operating profit, and net earnings, reflecting improved operational efficiencies and expanding customer programs.

The company also announced several strategic developments during the quarter, including a joint venture with a Japanese electronics manufacturer, a new CEO appointment, and a credit rating upgrade.

Q1 FY27 Financial Highlights

Syrma SGS Technology recorded broad-based growth across all key financial metrics during the quarter.

Total Revenue: Increased 67.1% year-on-year (YoY) to ₹1,603.7 crore, compared with ₹960.0 crore in Q1 FY26.
Operating EBITDA: Rose 72.0% YoY to ₹176.6 crore, up from ₹102.7 crore in the corresponding quarter last year.
EBITDA Margin: Improved by 31 basis points to 11.0%.
Profit After Tax (PAT): More than doubled, rising 111.8% YoY to ₹105.7 crore, compared with ₹49.9 crore in Q1 FY26.
PAT Margin: Expanded by 139 basis points to 6.6%.

The results highlight the company’s ability to translate strong revenue growth into higher profitability through better operating leverage.

Export Business Continues to Grow

Exports remained a significant contributor to the company’s performance during the quarter.

Export Revenue Contribution: 24% of total operating revenue.
Export Growth: Increased 67% YoY, reflecting continued demand from international customers and the company’s expanding global manufacturing footprint.

Growth Driven by Multiple Business Segments

Management attributed the strong quarterly performance to sustained momentum across several key verticals, including:

Automotive electronics
Consumer electronics
Export-oriented manufacturing

The company noted that customer programs initiated during FY26 continued to scale, contributing meaningfully to revenue growth and improved capacity utilization.

Strategic Developments During the Quarter

Joint Venture with SAGA Electronics

Syrma SGS Technology entered into a strategic joint venture with SAGA Electronics Co., Ltd., Japan, aimed at strengthening its electronics manufacturing capabilities and expanding support for Japanese original equipment manufacturers (OEMs) operating in India.

The partnership is expected to enhance technology capabilities while opening new business opportunities in the growing electronics manufacturing ecosystem.

New Chief Executive Officer

The company appointed Jaidit Singh Brar as its Chief Executive Officer, effective June 26, 2026.

The leadership transition is expected to support Syrma SGS Technology’s next phase of growth as it continues expanding its operations across domestic and international markets.

Credit Rating Upgrade

Reflecting its improving financial profile, India Ratings & Research upgraded the company’s long-term credit rating to IND AA/Stable from IND AA-/Stable.

The upgrade highlights the company’s stronger financial performance, healthy balance sheet, and improving business fundamentals.

Growth Outlook

Looking ahead, Syrma SGS Technology plans to continue expanding its presence across several high-growth sectors, including:

Industrial electronics
EdTech solutions
Maritime electronics
Printed Circuit Board (PCB) manufacturing

The company also remains focused on strengthening its export business, expanding manufacturing capabilities, and deepening relationships with global customers.