Electronics manufacturing services firm Syrma SGS Technology has posted a consolidated profit of around Rs 119 crore for the fourth quarter ended March 31, 2026, supported by revenue growth and consolidation of high-margin segments.
The company had posted a profit of Rs 71.45 crore in the same period a year ago, according to a company filing.
The consolidated revenue from operations of Syrma SGS grew by about 58.48 per cent to Rs 1,465 crore during the reported quarter from Rs 924.36 crore in the March quarter of FY25.
1 May 2026
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"FY26 was a strong year of execution for Syrma SGS. We delivered 27 per cent revenue growth to Rs 4,819 crore, with operating EBITDA expanding significantly to Rs 545 crore, ahead of what we had indicated at the start of the year.
"Importantly, this growth was delivered with positive operating cash flow and a meaningful reduction in net working capital days, reflecting stronger execution and capital discipline," Syrma SGS Technology managing director, Jasbir Singh Gujral, said.
For the year ended March 31, 2026, Syrma SGS posted an 87 per cent jump in consolidated net profit to around Rs 346 crore compared to a profit of Rs 184.4 crore in fiscal year (FY) 2025.
"Exports have jumped by 41 per cent and have crossed the Rs 1,200 crore mark against a target of Rs 1,100 crore. This has come despite the uncertainty between July and August, till about December for the US tariffs, and the moment there was some clarity on the tariffs, there came in the Middle East crisis," Gujral said.
He said that FY'26 also marked important progress in the company's strategic agenda.
"We strengthened our presence in higher-quality verticals such as automotive, industrial, healthcare and defence, while exports grew 41 per cent and crossed Rs 1,200 crore, reflecting growing global confidence in our capabilities," he said.
The automotive segment accounted for about 24 per cent of total revenue versus 22 per cent last year. "I have done about Rs 1,139 crore in automotive this year. My healthcare accounts for about 8 per cent, and I have done about Rs 395 crore. My industrial electronics account for 29 per cent this year versus 28 per cent last year. I have done about Rs 1,398 crore. My consumer business has done Rs 1,453 crore, which is about 30 per cent of the revenue," Gujral said.
The company had set a strategy to bring down the share of consumer electronics, as it is a low margin business and focused on high margin segments.
Consumer electronics had contributed 36 per cent to Syrma SGS's overall revenue in FY'25. "We are on track to sort of further consolidate our footprint into the high-margin businesses," he said.
Gujral said with the consolidation of Elcome in Defence, the Elemaster JV in high-reliability Industrial and Railways electronics, and the company's foray into the component ecosystem through the PCB project, Syrma SGS is building new growth verticals that make it a broader and more resilient electronics manufacturing platform for FY'27 and beyond.
He said that the growth is expected to continue in the coming years.
"Currently, the industry as such, the global environment is slightly shaken because of the Middle East crisis. Base metal prices have all gone up. There is pressure on the material cost. It will be a while before it settles down and everyone is sort of facing those challenges," Gujral said.
