Syrma SGS Technology Ltd's Q1FY26 Quarterly Results

Result Summary

• Syrma SGS Technology Ltd reported a 16.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a decline of 18.3%.
• Its expenses for the quarter were down by 18.0% QoQ and 22.1% YoY.
• The net profit increased 10.4% QoQ and increased 145.3% YoY.
• The earnings per share (EPS) of Syrma SGS Technology Ltd stood at 2.8 during Q1FY26.

Financial Statments for Q1FY26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Syrma SGS Technology Ltd is a prominent player in the technology sector, primarily known for its offerings in electronics manufacturing services. The company operates in the electronics industry, focusing on the design and manufacture of a broad range of electronic products. Syrma SGS Technology Ltd serves a diverse clientele, including industries such as automotive, industrial, and healthcare. As of the latest available data, there are no specific major developments disclosed regarding the company's operations or strategic changes.

Revenue

In the first quarter of the fiscal year 2026, Syrma SGS Technology Ltd reported a total income of ₹960.02 crores. This represents a decrease of 16.5% compared to the previous quarter's total income of ₹1149.73 crores. Year-over-year, the total income declined by 18.3% from ₹1175.20 crores in Q1FY25. The reduction in revenue both QoQ and YoY indicates a trend of declining income over these periods. The financial data highlights the challenges in maintaining revenue levels compared to both the prior quarter and the corresponding quarter of the previous year.

Profitability

For Q1FY26, the company recorded a profit before tax of ₹67.15 crores, marking a 9.7% increase from ₹61.19 crores in Q4FY25. When compared to Q1FY25, this reflects a significant increase of 127.7% from ₹29.49 crores. The tax expense for the quarter was ₹17.23 crores, showing a QoQ increase of 7.8% and a YoY increase of 88.5%. Consequently, the profit after tax stood at ₹49.92 crores, representing a 10.4% increase from the previous quarter and a 145.3% increase from the same quarter last year. The earnings per share (EPS) for the quarter was ₹2.80, indicating a 40.0% QoQ increase from ₹2.00 and a 154.5% YoY increase from ₹1.10. These figures reflect improved profitability margins despite the decrease in total income.

Operating Metrics

The total expenses for Q1FY26 amounted to ₹892.87 crores, which is an 18.0% decrease from ₹1088.54 crores in Q4FY25 and a 22.1% decrease from ₹1145.70 crores in Q1FY25. The reduction in expenses aligns with the decline in total income, suggesting effective cost management. The company's ability to reduce expenses significantly during the quarter helped support the increased profitability metrics. Despite the fall in total income, the improved profit figures underscore effective operational efficiencies. The financial data does not provide information on other operating metrics such as production volumes, capacity utilization, or sales breakdown by segment.