Syrma SGS has announced its financial results for the second quarter of the fiscal year 2025-26, showcasing impressive growth across key financial metrics.

Financial Highlights

Key Takeaways

• Profit Surge: Syrma SGS reported a consolidated net profit of ₹641.00 million in Q2 FY26, marking a substantial 77.00% increase from ₹362.00 million in the same quarter of the previous year.

• Revenue Growth: The company's revenue saw a robust growth of 38.00%, reaching ₹11,460.00 million compared to ₹8,300.00 million in the corresponding quarter last year.

• EBITDA Performance: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 56.00% to ₹1,150.00 million from ₹738.40 million year-over-year.

• Margin Improvement: The EBITDA margin improved significantly, increasing to 10.06% from 8.87% in the previous year, indicating enhanced operational efficiency.

Corporate Developments

• Amalgamation Scheme: Syrma SGS completed a scheme of amalgamation with its wholly-owned subsidiaries SGS Infosystems Private Limited and SGS Tekniks Manufacturing Private Limited. The scheme was approved by the National Company Law Tribunal on October 7, 2025, with an appointed date of April 1, 2023.

• Qualified Institutional Placement: The company successfully raised ₹10,000 million through a Qualified Institutional Placement (QIP), issuing 14,306,151 equity shares at ₹699 per share.

• Joint Ventures: Syrma SGS entered into joint venture agreements for manufacturing multi-layer Printed Circuit Boards and other electronics manufacturing services, expanding its operational capabilities.

• Dividend Declaration: The company approved a final dividend of 15% (₹1.5 per equity share) for FY 2024-25.

Board Meeting Outcome

According to the LODR (Listing Obligations and Disclosure Requirements) data, the company's Board of Directors met on November 10, 2025, to approve the unaudited financial results for Q2 FY26. The meeting, which began at 1:00 p.m. and concluded at 3:37 p.m., resulted in the approval of both standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.

The strong financial performance of Syrma SGS in Q2 FY26 reflects the company's ability to drive growth and improve profitability in the electronics manufacturing services sector. The significant increase in net profit, coupled with robust revenue growth and margin expansion, indicates effective cost management and potentially increased market share.

Investors and stakeholders can access the detailed financial results on the company's website at https://syrmasgs.com/ .

Syrma SGS Technology , a leading electronics system design and manufacturing (ESDM) company, has reported robust financial results for the first half of the fiscal year while simultaneously announcing a strategic acquisition in the defence and maritime electronics sector.

Financial Highlights

For the half-year ended September 30, Syrma SGS Technology posted impressive financial results:

The company's EBITDA margin improved significantly to 10.70% in H1 FY26, up from 7.00% in the same period last year. The profit before tax (PBT) margin also saw a substantial increase, rising to 7.40% from 4.00% year-on-year.

Segment Performance

Syrma SGS Technology reported growth across several key industry segments:

• Auto segment revenue increased by 24.00% year-on-year
• IT and Railways segment saw a remarkable 73.00% year-on-year growth
• Industrials segment grew by 20.00% year-on-year
• Healthcare segment revenue rose by 21.00% year-on-year

However, the Consumer segment experienced a 23.00% year-on-year decline in revenue.

Strategic Acquisition

In a significant move to expand its presence in the defence and maritime electronics sector, Syrma SGS Technology announced the acquisition of a majority stake in Elcome Integrated Systems Private Limited (Elcome). The acquisition details include:

• Syrma SGS will acquire 60.00% of Elcome's total paid-up share capital for approximately ₹235.00 crore
• The acquisition will be completed in four tranches, with the first tranche expected to be finalized by January 31, 2026
• Elcome will also acquire Navicom Technology International Private Limited, making it a wholly-owned subsidiary

This strategic move aligns with India's Aatmanirbhar Bharat objectives and aims to strengthen self-reliance in advanced electronic systems for the defence sector.

Management Commentary

Sandeep Tandon, Chairman of Syrma SGS, stated, "This marks a meaningful milestone in Syrma SGS's long-term strategic roadmap. India's defence sector is undergoing a strong indigenization and capability expansion phase. Together, we aim to create a scaled, innovation-driven domestic platform in defence electronics, aligned with India's national priorities."

J. S. Gujral, Managing Director of Syrma SGS, added, "Elcome's extensive engineering and field service experience, combined with our industrial scale and supply chain, creates an ideal base to pursue larger integrated defence programs."

Future Outlook

The company remains confident in its growth prospects, citing strong industry tailwinds across various sectors. With the strategic acquisition of Elcome and the robust financial performance, Syrma SGS Technology is well-positioned to capitalize on opportunities in both its core electronics manufacturing business and the emerging defence electronics sector.

Investors and industry observers will be keenly watching how Syrma SGS integrates Elcome's capabilities and leverages this acquisition to drive future growth in the high-potential defence and maritime electronics market.