Syrma Sgs Technology Limited has informed the Exchange about Transcript
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Syrma SGS reported FY '26 revenue of ₹4,857 crores, up 27% YoY (or 38% excluding consumer business). Operating EBITDA grew 68% to ₹545 crores with margin expanding 270 bps to 11.3%, while PAT more than doubled to ₹346 crores at 7.1% margin. The company moved from a net debt position of ₹264 crores to a net cash position of ₹467 crores, with total debt reduced sharply from ₹611 crores to ₹353 crores. Working capital improved from 69 to 63 days. Key growth drivers included IT & Railways (74% growth), auto (39%), healthcare (36%), and exports (41% to ₹1,200+ crores). ODM revenue now represents 17% of total (up from 12%). The order book stood at approximately ₹6,600 crores as of March 2026. For FY '27, management guided for 30-35% revenue growth with EBITDA target of ₹700 crores and operating EBITDA margin of 10-10.5% (conservative due to geopolitical uncertainties and raw material inflation).
Strong execution with profitability doubling bottom line versus top line growth. Net cash position and improving ROCE provide flexibility for growth investments. Conservative margin guidance of 10-11% for FY '27 reflects caution on supply chain headwinds despite 12% margins achieved in H2 FY '26.