Approval for incorporating two wholly owned subsidiaries (WOS) to manufacture electronic components, bare printed circuit boards, loading of components onto printed circuit boards and for manufacturing interface cards and other electronic components
SYRMA · price
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On the reaction day the stock moved 8.5 pts less than Nifty Smallcap 250 and 8.2 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Syrma SGS Technology reported audited FY25 results with consolidated revenue of Rs 3,786.7 crore (up from Rs 3,154.1 crore in FY24) and consolidated profit after tax of Rs 184.45 crore (up from Rs 124.34 crore). Standalone revenue rose to Rs 2,277.8 crore with PAT of Rs 79.73 crore, a sharp jump from Rs 20.03 crore last year. The Board recommended a final dividend of Rs 1.5 per share (15%) subject to shareholder approval. It also approved raising up to Rs 1,000 crore via a Qualified Institutional Placement (QIP) or other permissible modes to fund growth. Separately, the Board approved incorporating two new wholly owned subsidiaries to manufacture electronic components, bare printed circuit boards, component loading, interface cards and related products, signalling a capacity and capability expansion.
Strong FY25 earnings, especially the jump in standalone PAT, are positive for shareholders, and the 15% dividend offers a modest income return. The proposed Rs 1,000 crore QIP could lead to dilution but supports expansion plans, while the new subsidiaries strengthen Syrma's vertical integration in electronics manufacturing, which is a long-term positive for the EMS business.