syrma sgs reported a workforce composition of 48% women and substantial progress in renewable energy adoption in its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The electronics manufacturing services provider disclosed that it consumed 11,026.6 Giga Joules of energy from renewable sources, part of a total energy consumption of 1,05,528.73 Giga Joules. The filing, submitted to the National Stock Exchange of India Limited and BSE Limited on August 03, 2026, highlights the company’s adherence to SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, specifically Regulation 34(2)(f). Grant Thornton Bharat LLP provided reasonable assurance on selected core attributes, including energy, water, greenhouse gas emissions, and waste management.

The report details operational metrics across 14 plants and 8 offices in India, alongside international facilities in Germany, the USA, and other locations. Syrma SGS emphasized its safety record, reporting zero fatalities, zero lost-time injuries, and zero high-consequence work-related injuries for both employees and workers during FY26. The company maintains ISO 45001:2018 certification across 100% of its manufacturing facilities. Additionally, the firm disclosed that 61.5% of its raw materials were sourced from suppliers who publish their own ESG reports, reflecting a strategic focus on supply chain transparency.

Workforce and Social Metrics

Syrma SGS maintained a diverse workforce structure, with women representing 48% of total employees and workers. The company reported 1,620 permanent and non-permanent employees, of whom 328 were female, and 8,426 workers, of whom 4,491 were female. Gross wages paid to females accounted for 34% of total wages paid by the entity, up from 30.11% in the previous year. The company received the “Great Place to Work” certification for the fifth consecutive year and was recognized as one of the “Best Employers in Asia 2025.”

The company implemented structured grievance redressal mechanisms, including Internal Complaints Committees for sexual harassment complaints at each plant. No complaints were filed under the Sexual Harassment of Women at Workplace Act during the reporting period. The firm also reported 100% coverage of employees and workers under health and safety training programs.

Environmental Performance

Environmental disclosures revealed a shift toward cleaner energy sources. Syrma SGS signed an agreement with Energy Edge to purchase solar power for its southern region units, procuring 29,39,117 kWh from August 2025 to March 2026. This initiative supports the company’s target to increase renewable energy share to 50% by FY30. The company also reported stable greenhouse gas emission intensity despite business growth. Scope 1 and Scope 2 emissions were monitored closely, with no designated consumer sites under the Performance, Achieve and Trade Scheme.

Water management practices included treatment through captive Sewage Treatment Plants or common facilities, ensuring no untreated water discharge. The company identified no operations in ecologically sensitive areas such as national parks or wildlife sanctuaries. Air quality monitoring showed compliance with State Pollution Control Board norms, except for particulate matter at northern plant locations due to high ambient air quality index levels in the NCR region.

Governance and Assurance

The ESG Committee, headed by Managing Director Jasbir Singh Gujral, oversees sustainability-related decisions. The committee includes senior executives from operations, procurement, human resources, and compliance. Grant Thornton Bharat LLP conducted physical visits to manufacturing plants in Manesar and Chennai to verify data accuracy. The assurance scope covered energy footprint, water footprint, greenhouse gas emissions, waste management, employee well-being spending, safety incidents, gender diversity, and inclusive development metrics. The auditor concluded that the identified sustainability information was prepared in all material respects in accordance with the specified criteria.

Syrma SGS has significantly upgraded its financial guidance following a strong Q1 FY27 performance, with management now projecting over 35% revenue growth for the full year — a pace expected to sustain for the next two to three years. The updated guidance, shared during a concall, also covers EBITDA margins, export targets, and segment-level growth, reflecting broad-based operational momentum across the business.

Upgraded Full-Year Guidance

Management expressed confidence in exceeding its full-year guidance for both revenue and EBITDA, building on a strong Q1 FY27 performance. The company now targets revenue growth in excess of 35% for the full year, an acceleration from its earlier 30%+ projection. This growth rate is expected to continue for the next two to three years, underscoring the company's medium-term visibility.

The following table summarizes the key guidance parameters disclosed during the concall:

Export and ODM Momentum

Syrma SGS has revised its export outlook upward, now projecting exports to reach ₹1,500 Cr to ₹1,600 Cr for the year, implying growth of 30% to 40%. This represents an upgrade from the previously stated ₹1,500 Cr export guidance. On the ODM (Original Design Manufacturer) front, management noted that sales momentum is expected to continue, with a long-term target of ODM contributing 25% of total sales.

Segment Highlights and PCB Project Update

The healthcare segment is expected to deliver strong growth of 50% this year, emerging as a key contributor to the company's overall revenue trajectory. On the manufacturing side, the PCB (Printed Circuit Board) project remains on track for commercial production by April 2027, a milestone that is expected to further strengthen Syrma SGS's domestic manufacturing capabilities and product portfolio.

Key Takeaways

• Syrma SGS guides for over 35% revenue growth for the full year, expected to sustain for the next two to three years
• EBITDA margin guidance maintained at 10.50% to 11.00% for the full year
• Export target revised upward to ₹1,500 Cr – ₹1,600 Cr, implying 30% to 40% growth
• Healthcare segment projected to grow 50% this year
• PCB project on track for commercial production by April 2027
• ODM sales targeted at 25% of total sales over the long term
• Management confident of exceeding full-year guidance for both revenue and EBITDA