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Suyog Telematics Ltd

Q1 FY27Telecom - Services

Suyog Telematics Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹747
Market cap₹993 Cr
P/E16.0
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

4 of 5 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned
Order bookOrder book rising

The short version

FY27: Targeting 3,000 additional tenancies, mainly from Vodafone Idea (VI). The company targets rapid growth starting FY27 after a stagnant period in the last two years.

From Suyog Telematics Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Good growth
  • FY27: Targeting 3,000 additional tenancies, mainly from Vodafone Idea (VI).
  • FY28: Eyeing another 5,000 new sites from Vodafone; total 8,000 to 10,000 tenancies from Vodafone over two years.
  • Vodafone’s rollout expected to be aggressive with 30,000 sites planned in the current year; Suyog aims for 10% market share (~3,000 sites).
  • BSNL plans 2 lakh sites in next 5 years, but rollout delayed due to equipment issues; revenue expected post resolution, potentially starting Q2 FY27.
  • Annual new tower addition run-rate realistically estimated at 3,000 to 5,000 sites based on visibility and funding.
  • Tenancy ratio aimed to improve from 1.2x to 1.8x in 3-4 years, increasing EBITDA and PAT margins.

2 more points from Suyog Telematics Ltd's call on revenue

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Profitability & Margins

See what Suyog Telematics Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Suyog Telematics is investing in zinc batteries as a strategic move to reduce CapEx and dependency on imported lithium batteries. Zinc batteries are ready for production, with trials starting mid-September. Zinc batteries are 100% made in India and priced similar to old lithium batteries, ensuring CapEx savings.
  • The company continues capital investment in rolling out telecom towers, targeting 3,000 additional tenancies for Vodafone Idea in FY27, mostly involving new tower setups (80% new towers, 20% shared tenancy).
  • Fibre network investment remains marginal (5-8% of revenue), as most rural sites use microwave; a future jump in fibre CapEx and revenue is expected with FTTH and fibre rollout for operators.
  • Current funding for rollout is from internal accruals; fundraising decisions will be made if new bulk orders exceed funding capacity.

Top-ranked in Telecom - Services

Ranked on what management guided this quarter

Guidance-ranked
1HFCL
Rev 1Mar 1
2Bondada Engineer
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
  • Current orderbook includes approximately 850 tenancies from Vodafone Idea (VI) – 150 tenancies completed in Q1 FY27 and 700+ in the pipeline.
  • Target for FY27 is to add 3,000 tenancies from VI, with 3,000 seen as conservative and achievable given execution capacity and funds.
  • BSNL pending billing for 186 sites due to Tejas equipment issues, expected to start contributing from Q2 FY27 after resolution.
  • Vodafone rollout plans: Currently targeting 3,000 tenancies in FY27 and 5,000 in FY28 from their bulk order of 45,000 sites.
  • Vodafone funding for rollout includes INR 6,400 crore secured; awaiting further funding confirmation from SBI consortium.

2 more points from Suyog Telematics Ltd's call on order book

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Suyog Telematics Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹53 Cr, net profit ₹14 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Suyog Telematics's management said in earlier quarters

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Frequently Asked Questions

What were Suyog Telematics Ltd Q1 FY27 results?

FY27: Targeting 3,000 additional tenancies, mainly from Vodafone Idea (VI). The company targets rapid growth starting FY27 after a stagnant period in the last two years.

What is Suyog Telematics Ltd share price analysis?

Suyog Telematics Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 15.9 with a market cap of ₹993 Cr. Investors should review the full earnings analysis for detailed insights.

Is Suyog Telematics Ltd planning capital expenditure?

Suyog Telematics is investing in zinc batteries as a strategic move to reduce CapEx and dependency on imported lithium batteries.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.