Suyog Telematics has announced the untimely passing of Mr. Vivek Lature, a key figure in the company's leadership. Mr. Lature, who served as both a Promoter and Whole-Time Director, passed away on September 11, 2025.

Company's Official Statement

In an official communication to the stock exchanges, Suyog Telematics expressed deep sorrow over the loss. The company stated, "We regret to inform you of the sad demise of Mr. Vivek Lature (DIN: 02274098), Promoter & Whole-Time Director of the Company, on Thursday, September 11, 2025."

Impact on the Company

The passing of Mr. Lature is described as an "irreparable loss" not only to his family but also to the company and all those associated with him. Vivek Lature played a crucial role in Suyog Telematics' growth and direction as both a promoter and a whole-time director.

Commitment to Continue Vision

Despite this significant loss, Suyog Telematics has affirmed its dedication to moving forward. The company stated, "Team SUYOG remains committed to honouring his vision and continuing the pursuit of excellence in all endeavours." This commitment underscores the lasting impact of Mr. Lature's leadership and the company's resolve to maintain its strategic direction.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the company's adherence to regulatory standards even in challenging times.

As the telecom infrastructure sector faces this unexpected development, stakeholders will be watching closely to see how Suyog Telematics navigates this transition in leadership. The company's ability to honor Mr. Lature's vision while adapting to his absence will be crucial in the coming months.

Suyog Telematics , a prominent player in the telecommunications infrastructure sector, has released its fourth-quarter financial results, revealing a mixed performance with significant challenges in profitability despite revenue growth.

Revenue Growth Amidst Profitability Challenges

The company reported a revenue increase to ₹500.60 crore in Q4, up from ₹453.60 crore in the same period last year, marking a year-over-year growth of 10.36%. However, this top-line growth was overshadowed by a substantial decline in profitability metrics.

Sharp Decline in EBITDA and Margins

Suyog Telematics experienced a dramatic decrease in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). The Q4 EBITDA plummeted to ₹82.20 crore from ₹285.00 crore in the previous year, representing a significant 71.16% decline. This sharp drop led to a severe contraction in the EBITDA margin, which fell from a robust 62.84% to 16.43% year-over-year.

Swing to Net Loss

The most striking aspect of the results was the company's swing from profit to loss. Suyog Telematics reported a net loss of ₹137.80 crore for Q4, a stark contrast to the profit of ₹157.20 crore in the same quarter of the previous year. This represents a negative swing of ₹295.00 crore year-over-year.

Sequential Performance Decline

The financial downturn is even more pronounced when compared to the previous quarter's results. The company's performance shows a significant deterioration from Q3, where it had reported a profit of ₹171.80 crore.

Financial Performance Overview

The reasons behind this significant financial setback are not immediately clear from the available data. Investors and analysts will likely be keen to understand the factors contributing to the sharp decline in profitability despite revenue growth, and what measures the company plans to implement to address these challenges in the coming quarters.