Syrma SGS Q1 PAT up 75% on standalone; plans Rs 1,000 cr QIP
SYRMA · price
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On the reaction day the stock moved 2.0 pts more than Nifty Smallcap 250 and 3.0 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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Syrma SGS Q1 FY27 standalone revenue rose to Rs 1,442.8 cr from Rs 908.1 cr YoY (restated), PAT at Rs 94.1 cr vs Rs 53.8 cr. Consolidated revenue Rs 1,588.6 cr, PAT Rs 105.7 cr. Board approved fund raise up to Rs 1,000 cr via QIP, re-appointed Sandeep Tandon as Executive Chairman for 5 years, and set Aug 25 AGM. Prior period restated due to merger of SGS Tekniks and SGS Infosystems with the company.
Strong YoY growth aided by merger consolidation. QIP of up to Rs 1,000 cr may dilute existing shareholders. Chairman re-appointment ensures leadership continuity.