Synergy Green Industries Limited has informed the Exchange about Transcript
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Synergy Green Industries, a wind and general engineering castings foundry, reported FY25 total income of Rs 363.68 crores, up 11% year-on-year, with PBDIT growing 31% to Rs 53.70 crores and PBDIT margins expanding 224 basis points to 14.77%. Profit after tax rose 46% to Rs 16.89 crores, and the Board has recommended a 10% dividend. For FY26, management guided 20% revenue growth and a further 100 basis points of margin expansion, supported by an order pipeline that already exceeds Rs 600 crores (they are even pushing back Rs 40-50 crores of orders due to capacity constraints). A Rs 187 crore capex is underway to expand foundry capacity from 30,000 MT to 45,000 MT, add in-house machining, and scale renewable power from 2 MW to 10 MW, with phased commissioning through Q1 to Q4 FY26. The Executive Director attributed last year's guidance miss (guided 20%, achieved ~13%) to client-specific issues such as Siemens Gamesa's revenue falling ~50% and GE's plant relocation. Some operational disruption is expected in Q1 and Q2 FY26 as construction and commissioning activities ramp up.
Positive near-term signals from margin expansion guidance and a strong order book, but the company has missed prior growth guidance, and Q1-Q2 FY26 may see temporary output pressure as capex projects are commissioned. Shareholders should watch execution on the new capacity ramp-up, which is expected to deliver full benefits only in FY27.