During the quarter, Syrma SGS announced a strategic joint venture with Japan’s KAGA Electronics Co., Ltd.
Syrma SGS Technology has made a strong start of FY27. The company has reported consolidated revenue of ₹ 1,604 crore, up 67.1% year-on-year for the quarter ended June 30, 2026, driven by growth in the automotive, consumer electronics, and export businesses.
The electronics manufacturing and design company reported EBITDA of ₹176.6 crore, up 72% from ₹102.7 crore a year earlier. EBITDA margin improved to 11.0% from 10.7% in Q1 FY26. Profit after tax more than doubled to ₹105.7 crore from ₹49.9 crore, while PAT margin expanded to 6.6% from 5.2%.
On a sequential basis, revenue increased from ₹1,476.8 crore in Q4 FY26, although EBITDA and PAT were lower than the preceding quarter.
Commenting on the performance, Managing Director Jasbir Singh Gujral said the company had delivered a strong beginning to the year, with growth supported by continued momentum in automotive, consumer and export segments as customer programs added during FY26 began scaling up.
He added that the company remains committed to its FY27 growth aspirations and is focusing on expanding its industrial and export business, strengthening its presence in MedTech and maritime electronics, and progressing its PCB project to reinforce its manufacturing ecosystem.
During the quarter, Syrma SGS announced a strategic joint venture with Japan’s KAGA Electronics Co., Ltd. to enhance electronics manufacturing capabilities in India, improve support for Japanese OEM customers and expand into high-growth technology and industrial segments.
The board also appointed Jaidit Singh Brar as Chief Executive Officer with effect from June 26, 2026. Brar brings more than 25 years of leadership experience across industry and consulting, including as a Senior Partner at McKinsey & Company.
In another development, India Ratings & Research upgraded the company’s long-term credit rating to IND AA/Stable from IND AA-/Stable, while reaffirming its short-term rating at IND A1+.
Syrma SGS said the combination of capacity expansion, export growth and deeper engagement in industrial and technology-led segments is expected to support its next phase of long-term growth.
