Suyog Telematics Q1 Results: EBITDA Margin Contracts to 59.91%; Net Profit Declines
Suyog Telematics reported a decline in Q1 consolidated net profit to ₹1,449.69 crore from ₹1,732.13 crore YoY, even as total revenue grew to ₹7,315.88 crore. EBITDA remained nearly flat at 391M rupees versus 392M rupees, but the EBITDA margin compressed sharply to 59.91% from 76.02% year-on-year. The Board also approved governance measures including a director re-appointment and the scheduling of the 31st AGM.

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Suyog Telematics Limited reported a consolidated net profit of ₹1,449.69 crore for the quarter ended June 30, 2026, down from ₹1,732.13 crore in the corresponding period of the previous year. Total revenue rose to ₹7,315.88 crore from ₹6,867.25 crore, driven by higher revenue from operations which stood at ₹7,095.25 crore versus ₹6,684.53 crore year-on-year. The company also declared a final dividend for the financial year ended March 31, 2026, setting September 11, 2026, as the record date to determine shareholder eligibility.
The Board of Directors approved the unaudited standalone and consolidated financial results during its meeting held on August 11, 2026. The statutory auditors issued a limited review report on the figures. In addition to the financial outcomes, the Board re-appointed M/s. Avnesh Jain & Associates as Cost Auditors for the financial year 2026-27, subject to shareholder ratification of their remuneration. The company also scheduled its 31st Annual General Meeting for September 22, 2026, to be conducted via Video Conferencing or Other Audio Visual Means.
Financial Performance
The consolidated results show a decline in profitability despite top-line growth. Profit before tax decreased to ₹1,950.62 crore from ₹2,173.50 crore in Q1FY26. Tax expense was recorded at ₹500.94 crore. Standalone net profit for the quarter was reported at 139M rupees, compared to 170M rupees in the prior year quarter. Standalone revenue came in at 653M rupees against 639M rupees previously. On a consolidated basis, standalone net profit stood at ₹1,393.15 crore versus ₹1,701.27 crore year-on-year, while standalone revenue from operations was ₹6,526.91 crore against ₹6,388.74 crore.
| Metric | Q1FY27 (Consolidated) | Q1FY26 (Consolidated) | Q1FY27 (Standalone) |
|---|---|---|---|
| Revenue from Operations | ₹7,095.25 crore | ₹6,684.53 crore | ₹6,526.91 crore |
| Total Revenue | ₹7,315.88 crore | ₹6,867.25 crore | ₹6,742.30 crore |
| Profit Before Tax | ₹1,950.62 crore | ₹2,173.50 crore | ₹1,875.07 crore |
| Net Profit | ₹1,449.69 crore | ₹1,732.13 crore | ₹1,393.15 crore |
| Basic EPS (₹) | 12.37 | 15.49 | 11.89 |
EBITDA and Margin Performance
Latest data highlights a near-flat EBITDA performance alongside a notable compression in margins. The following table summarises the key EBITDA metrics for the quarter:
| Metric | Q1FY27 | Q1FY26 (YoY) |
|---|---|---|
| EBITDA | 391M rupees | 392M rupees |
| EBITDA Margin | 59.91% | 76.02% |
| Standalone Net Profit | 139M rupees | 170M rupees |
| Standalone Revenue | 653M rupees | 639M rupees |
While EBITDA remained broadly stable at 391M rupees versus 392M rupees year-on-year, the EBITDA margin contracted sharply to 59.91% from 76.02%, reflecting increased cost pressures relative to revenue. Finance costs rose to ₹748.82 crore from ₹608.79 crore in the prior year quarter, further weighing on overall profitability.
Management Changes and Governance
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Ms. Subhashita Lature as Whole-time Director for a term of five years, effective January 10, 2027, until January 09, 2032. This appointment is subject to member approval. Ms. Lature, who holds an MBA in International Business from London and a Bachelor of Engineering from Mumbai University, is the daughter of Managing Director Shivshankar G Lature. She currently drives international business strategies and oversees engineering and new projects.
Accounting Policy Change
Effective April 1, 2026, the company voluntarily changed its accounting policy regarding electricity and diesel reimbursement charges. Previously netted off against expenses, these reimbursements are now recognized on a gross basis as part of 'Revenue from Operations,' with corresponding costs recorded under 'Cost of Material Consumed.' Comparative figures have been retrospectively restated to reflect this change. Management clarified that this reclassification has no impact on Profit Before Tax, Net Profit, Net Worth, or Earnings Per Share.
Historical Stock Returns for Suyog Telematics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.39% | -1.20% | -1.92% | +39.38% | +5.06% | -42.06% |
What specific operational factors or cost drivers contributed to the sharp contraction in EBITDA margins from 76.02% to 59.91% despite top-line growth?
How will the significant year-on-year increase in finance costs to ₹748.82 crore impact the company's future leverage ratios and debt servicing capacity?
What strategic initiatives is management planning to implement to reverse the declining net profit trend and restore profitability to FY26 levels?


































