NSEPress Release29 Jul 2026 · 29 Jul 2026, 04:47 pm
Press Release
Syrma SGS Technology Limited · SYRMA
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Syrma SGS Technology Limited reported strong Q1 FY27 results with revenue at ₹16,037 Mn, EBITDA at ₹1,766 Mn, and PAT at ₹1,057 Mn, up 67.1%, 72.0%, and 111.8% YoY respectively. The company also announced a strategic Joint Venture with KAGA Electronics Co., Ltd., appointment of a new CEO, and a credit rating upgrade.
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Press Release for unaudited Financial Results for quarter ended June 30, 2026
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Date: July 29, 2026
Listing Department Department of Corporate Service
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai - 400 051. Dalal Street, Mumbai - 400 001.
Symbol: SYRMA Scrip Code: 543573
Subject: Press Release for unaudited Financial Results for quarter ended June 30, 2026
Dear Sir/ Madam,
This is in continuation of our letter dated July 29, 2026, regarding Outcome of Board Meeting, inter alia,
approving the unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30,
2026, please find attached the Press release on the unaudited Financial Results (Standalone and
Consolidated) for the quarter ended June 30, 2026.
You are requested to kindly take the above information on your record.
For Syrma SGS Technology Limited
Bhabagrahi Pradhan
Company Secretary & Compliance Officer
Membership No: F4921
Place: Gurgaon
ENCL: as above.
PRESS RELEASE
SYRMA SGS TECHNOLOGY LIMITED
Syrma SGS Reports Strong Q1 FY27 Results; Revenue at ₹16,037 Mn, EBITDA at ₹1,766 Mn and
PAT at ₹1,057 Mn
Chennai, India – 29th July 2026: Syrma SGS Technology (BSE: SYRMA; 543573 | NSE: INE0DYJ01015), a leading
player in India’s electronics manufacturing and design ecosystem, announced its financial results for the
quarter ended on June 30th, 2026.
CONSOLIDATED Q1FY27 FINANCIAL HIGHLIGHTS
Total Revenue Export Revenue EBDITA PAT
Rs 16,037 million 24 % of Operating Rs 1,766 million Rs 1,057 million
Revenue
▲ 67.1% YoY ▲ 72.0% YoY ▲ 111.8% YoY
▲ 67% YoY
Commenting on the result and performance, Mr. Jasbir Singh Gujral, Managing Director of Syrma SGS
Technology Ltd said: “Q1FY27 delivered a strong start to the year, with revenue growing 67% year-on-year to
₹1,604 Cr and operating EBITDA up 68% year-on-year to ₹162 Cr, while PAT more than doubled. This growth
was led by continued strength in Automotive, Consumer and our export business, as new customer programs
onboarded through FY26 begin to scale.
We remain firmly committed to our FY27 aspirations on growth. We continue to lay the foundations for
sustained, long-term growth i.e. deepening our industrial and export business reach, scaling our MedTech and
Maritime electronics presence, while progressing our PCB project to further strengthen our ecosystem as we
build toward the next phase of growth for Syrma SGS.”
FINANCIAL PERFORMANCE FOR THE QUARTER AND FINANCIAL YEAR ENDING JUNE 30, 2026
In Rs Mn
Consolidated Q1FY27 Q4FY26 Q1FY26 YoY Change
Total Revenue 16,037 14,768 9,600 +67.1%
EBITDA 1,766 1,860 1,027 +72.0%
EBITDA Margin 11.0% 12.6% 10.7% +31 bps
PAT 1,057 1,192 499 +111.8%
PAT Margin 6.6% 8.1% 5.2% +139 bps
Key Strategic & Corporate update:
• JV: A strategic Joint Venture with KAGA Electronics Co., Ltd. to strengthen electronics manufacturing
capabilities in India, enhance support for Japanese OEM customers, and expand its presence across
high-growth technology and industrial segments.
• Appointment of the CEO: The Board appointed Mr. Jaidit Singh Brar as the Chief Executive Officer of
Syrma SGS, effective June 26, 2026. Mr. Brar brings over 25 years of leadership experience across
industry and consulting, including as Senior Partner at McKinsey & Company.
• Credit Rating Upgrade: India Ratings & Research (Ind-Ra) upgraded Syrma SGS's long-term credit
rating to IND AA/Stable from IND AA-/Stable, reaffirming its short-term rating at IND A1+.
About Syrma SGS Technology Limited:
Syrma SGS Technology (BSE: SYRMA; 543573 | NSE: INE0DYJ01015) is a leading Indian Electronic Systems
Design and Manufacturing company. With over 45 years of expertise, Syrma SGS has been the preferred
partner for customers seeking innovative and efficient solutions. The Company serves more than 270
customers across 20+ countries. It has a pan-India manufacturing footprint with facilities in Chennai,
Bangalore, Manesar, Gurgaon, Pune, and Baddi, along with R&D centres in Chennai, Pune, Gurgaon, and
Stuttgart, Germany.
The Company offers a comprehensive range of services, including Product Design, Assembly (PCBA & Box
Build), Quick Prototyping, and Tester Development Services, positioning us as a catalyst for growth in the
industry.
In addition to EMS, Syrma SGS also provides OEM solutions for RFID tags & inlays, high-frequency magnetic
components, and electro-mechanicals. The Company’s commitment to excellence is evident in the hundreds
of millions of units delivered globally in the past decade, and the multi-decadal relationships with several global
customers.
Website: https://syrmasgs.com/
For more information, contact:
Branding Edge
Syrma SGS
Media Relations - Shreeya Namjoshi
Nikhil Gupta – Head IR
shreeya@brandingedgestrategies.com
nikhil.gupta@syrmasgs.com
M: +91 77158 36283
M: +91 11 4700 2122
Safe Harbour Statement:
This document contains certain forward-looking statements within the meaning of applicable securities laws and regulations. These statements are
based on management’s current expectations, assumptions, estimates, and projections about the business, industry, and markets in which the Company
operates. Such statements include, but are not limited to, statements relating to the Company’s financial position, business strategy, plans, future
operations, and objectives of management. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors,
many of which are beyond the Company’s control, that may cause actual results, performance, or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among others: general economic and
business conditions in India and overseas, changes in government regulations, tax laws, and other statutes, as well as other factors affecting the
Company’s business and operations. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise, unless required by law. Investors are advised not to place undue reliance on these forward-
looking statements, which speak only as of their respective dates.