Syrma SGS Technology Limited — Investor Meet, 29-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Syrma SGS delivered robust Q1 FY26 results: Revenue at Rs. 960 Cr, gross margins jumped to 25% from 15.5% YoY. EBITDA hit 10% (Rs. 96 Cr), PAT 5% (Rs. 50 Cr), both up significantly YoY. Management is confident in 30-35% FY26 revenue growth and 8.5-9% EBITDA margins. The order book is strong at Rs. 5,400-5,500 Cr, driven by high-margin auto and industrial segments. Exports grew 29% YoY. A new PCB manufacturing JV was announced (Phase-1 CAPEX ~$91M) to target India's import-heavy market, expecting healthy margins. The strategic shift towards higher-value segments is on track.