- Home
- Results news
- Suyog Telematics
- Q2 FY27 results
Suyog Telematics Q2 FY27 results: net profit down 7.7% to ₹15.34 crore, revenue up 29.4%
Suyog Telematics Limited reported consolidated Q2 FY27 revenue of ₹71.70 crore, up 29.4% from Q2 FY26, while net profit fell 7.7% to ₹15.34 crore. EBITDA rose 3.3% to ₹43.08 crore, but the margin declined 15.1 percentage points to 60.1%; basic EPS was ₹13.09.
Key points
- Consolidated Q2 FY27 revenue was ₹71.70 crore, up 29.4% from ₹55.41 crore in Q2 FY26.
- EBITDA was ₹43.08 crore, up 3.3%, while the margin fell from 75.2% to 60.1%.
- Net profit was ₹15.34 crore, down 7.7% from ₹16.62 crore, and basic EPS was ₹13.09.
- Against Q1 FY27, revenue rose 1.1%, net profit increased 5.8% and EBITDA margin improved 0.8 percentage points to 60.1%.
- For H1 FY27, revenue was ₹142.65 crore, up 29.7%, while net profit was ₹29.84 crore, down 12.1%.
How did Suyog Telematics perform in Q2 FY27?
Suyog Telematics reported consolidated revenue of ₹71.70 crore in Q2 FY27, up 29.4% from ₹55.41 crore in Q2 FY26. Total income rose 31.0% to ₹74.51 crore. EBITDA increased 3.3% to ₹43.08 crore, while the EBITDA margin fell from 75.2% to 60.1%.
Profit before tax was ₹20.56 crore, down 6.3% from ₹21.94 crore, and net profit was ₹15.34 crore, down 7.7% from ₹16.62 crore. Basic EPS fell 12.0% to ₹13.09. Against Q1 FY27, revenue rose 1.1% to ₹71.70 crore, EBITDA rose 2.4% to ₹43.08 crore, net profit increased 5.8% to ₹15.34 crore and EPS increased 5.8% to ₹13.09.
On a standalone basis, Q2 FY27 revenue was ₹65.86 crore and profit after tax was ₹14.84 crore. Standalone revenue was up 26.0%, while profit before tax was ₹16.59 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 71.70 | 70.95 | 55.41 | +29.4% | +1.1% |
| Other income | 2.81 | 2.21 | 1.48 | +89.9% | +27.1% |
| Total expenses | 53.95 | 53.65 | 34.95 | +54.4% | +0.6% |
| EBITDA | 43.08 | 42.09 | 41.69 | +3.3% | +2.4% |
| EBITDA margin | 60.1% | 59.3% | 75.2% | −15.1 pp | +0.8 pp |
| Profit before tax | 20.56 | 19.51 | 21.94 | −6.3% | +5.4% |
| Tax | 5.22 | 5.01 | 5.32 | −1.9% | +4.2% |
| Net profit | 15.34 | 14.50 | 16.62 | −7.7% | +5.8% |
| EPS (₹) | 13.09 | 12.37 | 14.87 | −12.0% | +5.8% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Suyog Telematics' costs and profit?
Total expenses increased from ₹34.95 crore in Q2 FY26 to ₹53.95 crore in Q2 FY27, a rise of ₹19 crore. Cost of materials was the largest reported movement, rising ₹13.28 crore to ₹17.04 crore, while finance costs rose ₹2.08 crore to ₹7.65 crore and depreciation increased ₹2.01 crore to ₹17.68 crore.
Employee cost rose ₹0.83 crore to ₹6.42 crore and other expenses increased ₹0.80 crore to ₹5.16 crore. Other income rose ₹1.33 crore to ₹2.81 crore. Tax expense fell ₹0.10 crore to ₹5.22 crore, and there was no exceptional item.
As a result, EBITDA increased ₹1.39 crore to ₹43.08 crore, but profit before tax fell ₹1.38 crore to ₹20.56 crore and net profit declined ₹1.28 crore to ₹15.34 crore. The filings did not state why cost of materials increased by ₹13.28 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 17.04 | 3.76 | +13.28 | +353.2% |
| Employee cost | 6.42 | 5.59 | +0.83 | +14.8% |
| Finance costs | 7.65 | 5.57 | +2.08 | +37.3% |
| Depreciation | 17.68 | 15.67 | +2.01 | +12.8% |
| Other expenses | 5.16 | 4.36 | +0.80 | +18.3% |
| Total expenses | 53.95 | 34.95 | +19 | +54.4% |
| Other income | 2.81 | 1.48 | +1.33 | +89.9% |
| Tax | 5.22 | 5.32 | −0.10 | −1.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹142.65 crore, up 29.7% from ₹109.98 crore in H1 FY26. Total income rose 30.3% to ₹147.67 crore. Profit before tax declined 8.3% to ₹40.07 crore.
Net profit for H1 FY27 was ₹29.84 crore, down 12.1% from ₹33.94 crore, while basic EPS fell 16.2% to ₹25.46 from ₹30.37. Thus, the half-year result showed higher revenue but lower profit than the year-earlier period.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 142.65 | 109.98 | +29.7% |
| Profit before tax | 40.07 | 43.68 | −8.3% |
| Net profit | 29.84 | 33.94 | −12.1% |
| EPS (₹) | 25.46 | 30.37 | −16.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹986.54 crore as on 30 September 2026 from ₹942.53 crore on 31 March 2026, while total equity rose to ₹507.84 crore from ₹489.58 crore. Borrowings increased to ₹142.62 crore from ₹135.56 crore, and cash fell to ₹1.91 crore from ₹16.43 crore.
Inventories increased to ₹8.71 crore from ₹7.59 crore, trade receivables edged up to ₹62.55 crore from ₹62.22 crore, and trade payables fell to ₹22.23 crore from ₹38.92 crore. H1 FY27 operating cash flow was ₹62.67 crore, compared with ₹25.18 crore in H1 FY26.
Investing cash flow was negative ₹45.15 crore in H1 FY27, against negative ₹95.91 crore in H1 FY26. Financing cash flow was negative ₹25.74 crore, against positive ₹48.73 crore, while capex was ₹97.04 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 986.54 | 942.53 |
| Total equity | 507.84 | 489.58 |
| Borrowings | 142.62 | 135.56 |
| Cash and equivalents | 1.91 | 16.43 |
| Inventories | 8.71 | 7.59 |
| Trade receivables | 62.55 | 62.22 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 62.67 | 25.18 |
| Cash from investing | −45.15 | −95.91 |
| Cash from financing | −25.74 | 48.73 |
| Capital expenditure | 0 | 97.04 |
Source: Company's results filing (XBRL).
How has Suyog Telematics done over the last 7 quarters?
Revenue increased year on year in each of the last 3 quarters. It rose from ₹54.58 crore in Q1 FY26 to a quarterly high of ₹71.70 crore in Q2 FY27, after reaching ₹70.95 crore in Q1 FY27. The earlier low was ₹50.06 crore in Q4 FY25.
Net profit reached a high of ₹17.32 crore in Q1 FY26 after a net loss of ₹13.78 crore in Q4 FY25, then moved through ₹16.62 crore, ₹14.63 crore and ₹14.49 crore before rising to ₹15.34 crore in Q2 FY27. The EBITDA margin was highest at 75.4% in Q1 FY26 and was 60.1% in the latest quarter.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the limited review report. It also approved Pankaj Mehta’s appointment as an additional non-executive independent director for 3 consecutive years from 1 December 2026, subject to shareholder approval.
The board reconstituted the audit, nomination and remuneration, stakeholder relationship, and corporate social responsibility committees with effect from 3 November 2026. It also adopted a new logo as part of a rebranding initiative, while stating that there was no change in the nature of the company’s business or services.
What did the auditors point out?
The independent auditor described an emphasis of matter concerning the need to strengthen internal-control design in line with the company’s growing business activities, with management required to address deficiencies identified in the internal-control system. The auditor also drew attention to balances in loans and advances, other advances, other current assets, trade receivables, trade payables, and advances to suppliers and vendors that were subject to confirmation, reconciliation and subsequent adjustment, if required.
The filing also referred to accrued or provisional income recognised under revenue from operations for the IP lease rental and fibre business. The review was conducted under SRE 2410 to obtain moderate assurance; the auditor stated that a review is substantially less in scope than an audit and that it did not express an audit opinion.
What did Suyog Telematics' management say?
Shivshankar Lathore, Managing Director, said: “Unless I receive one service order from any of the operator, I do not invest a single rupee on the site.” He also said: “I can't give you revenue, but yes, what I have said is I have a two hundred crore capex plan, which translates into two thousand sites.”
How did Suyog Telematics shares react?
After the filing, the stock was up 2.9% within 5 minutes, 2.3% after 15 minutes and 4.3% after 30 minutes. It closed the reaction day up 2.7% from the pre-results close of ₹486.0, and by the next day’s close it was up 4.6% from that same close. A five-day move was not available.
The Telecom - Infrastructure industry median was up 1.9% on the reaction day and 2.8% by the next day’s close, making Suyog Telematics’ excess performance 0.8 percentage points and 1.8 percentage points, respectively. Earlier reaction-day moves were negative on 11 August 2026, 26 May 2026, 3 February 2026 and 11 November 2025, but positive on 12 August 2025.
| After the filing | Stock | Telecom - Infrastructure median |
|---|---|---|
| 5 minutes | +2.9% | |
| 15 minutes | +2.3% | |
| 30 minutes | +4.3% | |
| Reaction day | +2.7% | +1.9% |
| Next day | +4.6% | +2.8% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 11 August 2026 | −2.5% |
| 26 May 2026 | −1.3% |
| 3 February 2026 | −2.3% |
| 11 November 2025 | −0.1% |
| 12 August 2025 | +3.0% |
| 20 May 2025 | −5.2% |
| 11 February 2025 | −20.5% |
| 14 November 2024 | −0.9% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Suyog Telematics' revenue in Q2 FY27?
Revenue from operations was ₹71.70 crore, up 29.4% from ₹55.41 crore in Q2 FY26 (consolidated).
Did Suyog Telematics make a profit in Q2 FY27?
Yes. Net profit was ₹15.34 crore, against a net profit of ₹16.62 crore in Q2 FY26.
What was Suyog Telematics' EPS in Q2 FY27?
Basic earnings per share were ₹13.09, against ₹14.87 in Q2 FY26.
How did Suyog Telematics shares react to the Q2 FY27 results?
On the reaction day the stock moved +2.7% from the previous close; the median Telecom - Infrastructure stock moved +1.9%.
When did Suyog Telematics announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 3 November 2026) · PDF
- Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half-Year Ended September 30, 2026. (BSE, 3 November 2026) · PDF
- Change In Logo Of The Company. (BSE, 3 November 2026) · PDF
- The earnings call (5 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.