Syrma SGS Technology Ltd.Revenue up 67%, profit more than doubles as company guides to beat its own targets

Syrma SGS Technology delivered a standout start to FY27, with consolidated revenue up 67% YoY to Rs. 1,604 crore and EBITDA, PBT and PAT all growing well over 100%, PAT reaching Rs. 106 crore.

Management confirmed there was no one-time revenue behind the numbers, crediting a richer mix from exports (up 61% YoY to Rs. 387 crore) and ODM sales (nearly doubling to Rs. 270 crore) alongside broad-based growth across consumer, automotive and healthcare. The order book reached Rs. 6,770 crore, up from Rs. 5,400 crore a year ago, and the company onboarded 18 new clients that could add over Rs. 1,000 crore of revenue at full ramp-up in future years.

Management said it expects to exceed its FY27 guidance of 35%-plus revenue growth and 10.5-11% EBITDA margin, and views the same 30-35% growth rate as sustainable for the next two to three years. The company formed a new joint venture with Japanese conglomerate Kaga for EMS manufacturing in India and remains on track to start commercial production at its new multi-layer PCB facility by April 2027. Management flagged Middle East-linked supply chain constraints as the key risk to watch, and is deliberately building inventory as a strategic buffer -- a transparent trade-off that raised working capital days from 63 to 71 this quarter.