Syrma SGS Technology Q1 FY27 Earnings Call Transcript Released
Syrma SGS Technology reported a strong Q1 FY27 with consolidated revenue at ₹1,604 crore, up 67% YoY. EBITDA grew 69% to ₹162 crore, and PAT rose 112% to ₹106 crore. Exports and ODM sales showed significant growth. The company is on track with its PCB project and has formed a JV with Kaga.
The announcement details robust financial performance, strategic partnerships (Kaga JV), and progress on significant projects (PCB), all of which are material to investors and the company's future growth trajectory.
The company reported strong year-on-year growth in revenue and profits, highlighted positive trends in exports and ODM sales, and provided an optimistic outlook despite supply chain challenges. The new JV with Kaga also adds to the positive sentiment.
Syrma SGS Technology Limited has released the transcript of its Investors Conference Call held on July 30, 2026, to discuss the unaudited financial results for the quarter ended June 30, 2026. The call featured insights from Managing Director Mr. J.S. Gujral, Whole-Time Director Mr. Jayesh Doshi, CEO Mr. Jaidit Singh Brar, and CFO Mr. Bijay Agrawal.
During the call, Mr. Gujral highlighted a strong first quarter for FY27, with robust growth across all parameters, including top-line, EBITDA, PBT, and PAT, which grew by over 100%. Key qualitative factors contributing to this performance were the continued buoyancy in exports, which grew by 61% year-on-year, and a near 100% increase in ODM (Own Design Manufacture) sales, reaching ₹270 crores in Q1 FY27 from ₹125 crores in Q1 FY26.
Despite global supply chain constraints due to geopolitical issues, the company maintained a focus on ensuring customer satisfaction. Mr. Gujral noted that inventory would be treated as a strategic asset for the next quarter or two to mitigate these constraints, expecting the situation to normalize by the end of Calendar '26.
The PCB project is on track, with building completion at 65-70% and equipment expected from October onwards, aiming for production by January-March 2027. The company also announced a strategic tie-up with Japanese MNC Kaga to manufacture EMS requirements through a jointly held subsidiary, with an initial investment of approximately ₹24-25 crores.
Financially, consolidated total revenue for Q1 FY27 stood at ₹1,604 crores, a 67% year-on-year growth. Operating EBITDA increased by 69% to ₹162 crores, and PAT grew by 112% to ₹106 crores. The company onboarded 18 new clients during the quarter, with an order book visibility of ₹6,770 crores as of June end.
Regarding funding, the company clarified that the resolution for raising funds via QIP of ₹1,000 crores is an enabling resolution for future opportunities, not an immediate need. The PCB project is expected to be funded through internal accruals, government incentives, and debt, with an estimated asset turn of 1.5x and EBITDA margins of 15-18% at full capacity.
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