Syrma SGS Technology Partners with Dynabook for Laptop Manufacturing in India
Syrma SGS Technology Ltd has formed a strategic partnership with Dynabook Singapore Pte Ltd to manufacture laptops in India. This is Syrma SGS's second global brand partnership this year, aligning with the 'Make in India' initiative. The company will produce Dynabook's laptop portfolio for enterprise customers and commercial channels across India. This move is expected to diversify Syrma SGS's product range, enhance its market position, potentially increase revenue, and provide access to advanced manufacturing technologies.
Syrma SGS Tech's Q4 net profit soared 86.86% YoY to ₹654 million, despite an 18.87% revenue decline. The company declared a ₹1.50 per share dividend and plans to raise up to ₹10 billion. It targets 30-35% revenue growth in FY26, focusing on smart metering and healthcare segments. The firm aims for 8% EBITDA margins, ₹1,000 crore in exports, and is considering acquisitions.
13May 25
Syrma SGS Technology Announces Plans to Raise Up to ₹1,000 Crore Through QIP
Syrma SGS Technology has announced plans to raise up to ₹1,000 crore through a Qualified Institutional Placement (QIP) or other methods. This significant fundraising initiative aims to strengthen the company's financial position, potentially supporting growth, expansion, or other strategic initiatives. While specific use of funds is not detailed, possible areas of investment could include production expansion, R&D, acquisitions, debt reduction, or working capital enhancement.
Syrma SGS Tech, an electronics manufacturing services company, announced its Q4 FY2024 results with mixed performance. Consolidated net profit rose 86.86% year-over-year to ₹654.00 million, while revenue decreased 18.87% to ₹9.20 billion. EBITDA increased to ₹1.16 billion, with margin improving to 12.52%. The company recommended a dividend of ₹1.50 per equity share. Year-end figures show significant improvements in profitability metrics, with net profit more than doubling compared to the previous year.
06May 25
Syrma SGS Technology to Consider Fund Raising via QIP
Syrma SGS Technology's board will meet on May 13, 2023, to discuss raising funds through a Qualified Institutional Placement (QIP). This electronic manufacturing services company's move could strengthen its financial position. QIPs allow listed companies to issue equity shares or convertible securities to Qualified Institutional Buyers, offering a quick and efficient way to access capital markets. While the specific purpose of the potential fund-raising is undisclosed, it could be used for expansion, debt reduction, working capital, or technology upgrades.