Suyog Telematics Ltd
Suyog Telematics Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
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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
- 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.
- Significant growth from FY28 onwards as full-year benefits of new tenancies in Vodafone come through.
- Fibre revenue currently marginal (~5-8%) with no major jump expected in FY27.
Profitability & Margins
See what Suyog Telematics Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- 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.
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Suyog Telematics Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- 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.
- No immediate fundraise planned; company has enough internal accruals funding current orders.
- Overall visibility on additional new tenancies primarily tied to Vodafone and BSNL funding and rollout timing.
Suyog Telematics Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: 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 Ltd'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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.