Suyog telematics Limited has announced receiving a service order from Bharat Sanchar Nigam Limited (BSNL) for sharing of 173 new BSNL 4G eNode-B sites in Delhi Circle. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on February 11, 2026.

Order Details and Scope

The service order encompasses the sharing of 173 new BSNL 4G eNode-B sites specifically in the Delhi Circle. This arrangement will involve BSNL utilizing Suyog Telematics Limited's existing infrastructure to deploy their 4G network equipment.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations pursuant to Regulation 30 of the Listing Regulations, providing comprehensive details as required under SEBI Master Circular No. SEBI/HO/CFDPoD2/CIR/P/0155/2024 dated November 11, 2024. Company Secretary and Compliance Officer Aarti Shukla signed the regulatory filing.

Transaction Characteristics

The order falls under the ordinary course of business for Suyog Telematics Limited, though the company has characterized it as a significant milestone. Key aspects of the transaction include:

• Entity Type: Domestic operations with government telecom provider
• Related Party Status: No related party transactions involved
• Promoter Interest: No promoter or promoter group companies have interest in BSNL
• Execution Framework: Standard service agreement for infrastructure sharing

Strategic Significance

This order reinforces Suyog Telematics Limited's position in the telecommunications infrastructure sector, particularly in supporting India's 4G network expansion. The Delhi Circle represents a significant market, and the partnership with BSNL demonstrates the company's capability to support large-scale telecom infrastructure requirements. The 3-month execution timeline indicates an expedited deployment schedule for the 4G eNode-B sites across the designated coverage area.

Suyog Telematics has reported its third quarter financial results, showcasing strong operational performance with improved EBITDA metrics while experiencing mixed results in overall profitability. The telecommunications company demonstrated enhanced operational efficiency and margin expansion during the quarter, even as net profit faced headwinds.

Comprehensive Financial Performance

The company's financial metrics for the third quarter reveal a nuanced performance across key indicators:

Strong Operational Metrics

Suyog Telematics delivered impressive operational performance with EBITDA reaching 375M rupees compared to 341M rupees in the corresponding quarter of the previous year, representing growth of 34M rupees. More significantly, the company achieved EBITDA margin expansion to 71.38% from 69.91% year-on-year, indicating improved operational efficiency and better cost management at the operational level.

Revenue Growth Momentum

The company maintained its growth trajectory with revenue of 526M rupees in the third quarter, marking an increase from 488M rupees recorded in the same period last year. This revenue growth of 38M rupees demonstrates Suyog Telematics' ability to expand its business operations and strengthen its market position in the competitive telecommunications sector.

Profitability Analysis

Despite strong operational metrics, net profit declined to 145M rupees from 172M rupees in the previous year's third quarter, representing a decrease of 27M rupees. The contrast between improved EBITDA performance and lower net profit suggests that non-operational factors or increased depreciation and interest expenses may have impacted bottom-line profitability.

Performance Outlook

The third quarter results present a balanced view of Suyog Telematics' performance, with strong operational efficiency gains and revenue growth offsetting net profit challenges. The improved EBITDA margins indicate effective operational management, while the revenue expansion reflects continued business development capabilities in the telecommunications market.