Tax Authority Conducts Search at Suyog Telematics Premises, No Adverse Orders Issued
Tax authorities conducted search operations at Suyog Telematics premises, with the company subsequently clarifying that no adverse orders were passed against it. The disclosure demonstrates the company's commitment to transparency while confirming that the regulatory proceedings concluded without negative implications for the business operations.
Suyog Telematics Reports Q4 Financial Setback with Revenue Growth
Suyog Telematics' Q4 results show mixed performance. Revenue increased 10.36% YoY to ₹500.60 crore, but EBITDA fell 71.16% to ₹82.20 crore. EBITDA margin contracted from 62.84% to 16.43%. The company swung to a net loss of ₹137.80 crore, compared to a profit of ₹157.20 crore in the previous year. This marks a significant decline from Q3's profit of ₹171.80 crore.