Q1 FY27 results approved, board clears Rs 1000 Cr QIP plan
SYRMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Smallcap 250 and 2.4 pts more 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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Q1 FY27 standalone revenue rose to Rs 14,428 million (up about 59 percent YoY from Rs 9,081 million restated). Standalone PAT grew to Rs 941 million from Rs 538 million. Consolidated revenue Rs 15,886 million, PAT Rs 1,057 million. Board approved raising up to Rs 1,000 crores via QIP, re-appointed Sandeep Tandon as Chairman for 5 years. Final dividend of Rs 1.5 per share recommended for FY25-26. YoY figures restated due to amalgamation of two subsidiaries.
Strong top-line growth aided by amalgamation. Proposed QIP of up to Rs 1,000 crores may dilute equity. Earnings momentum positive.