Suyog Telematics Limited — Investor Meet, 10-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Suyog Telematics reported Q3 revenues of ₹55.9 Cr and EBITDA of ₹39.5 Cr, sustaining strong PAT margins around 30-32%. Revenue per tower rose to ₹31,533 monthly. While FY26 targets saw delays, management is confident about FY27, aiming for 17,000 tenancies by year-end, adding ~10,000. This growth is driven by Vodafone's ₹45,000 Cr investment (targeting 3,000-3,500 sites for Suyog) and BSNL's ₹28,000 Cr budget for 23,000 4G sites (targeting 5,000-6,000 sites). Funds are secured for the initial 2,500-3,000 new sites. Management views delays as temporary, with significant market opportunity ahead.