Suyog Telematics Ltd
Suyog Telematics Q3 FY25: Capex ₹50 Cr
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Targeting 10,000 tenancies by FY26 March exit, combining FY25 spillover and FY26 rollout. Suyog Telematics remains confident of meeting FY '26 target of 10,000 tenancies, despite some FY '25 spillover, indicating strong revenue growth ahead.
From Suyog Telematics Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Targeting 10,000 tenancies by FY26 March exit, combining FY25 spillover and FY26 rollout.
- BSNL tenancy expected to reach 2,000–2,500 by end of FY26.
- Revenue to grow as billing catch-up completes; majority of Q3 revenue impact expected from next quarter onwards.
- New small cell and macro tower rollouts to continue aggressively with focus on government-backed operators and FTTH deployment.
- Vodafone and BSNL aggressively rolling out, with BSNL having a ₹6,000 crore approval for rollout expansion, expected to boost business.
- Acquisition strategy to strengthen Delhi presence and tenancy, increasing revenue potential.
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Profitability & Margins
See what Suyog Telematics Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- CapEx incurred till date on installed towers is ₹100+ crores.
- Planned CapEx for the last quarter of FY25 is around ₹50 crores for 500+ sites.
- For reaching the long-term target of 15,000 tenancies (an additional 10,000 from FY24 base), planned CapEx is around ₹800 crores (not ₹1,000 crores).
- For 500 new towers, estimated CapEx is ₹50 crores.
- Funding plans include multiple routes: bank debt (₹100 crores planned), internal accruals, promoter infusion, and preferential equity raising at an appropriate time.
- Debt is considered a stopgap arrangement; promoter committed to 100% fund infusion.
- Potential acquisition delays may push some inorganic growth, with priority given to organic rollout.
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Top-ranked in Telecom - Services
Ranked on what management guided this quarter
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
- Current order book is strong and actually higher than the number shown in the presentation.
- The company has crossed 1,800+ tenancy up to Q3 FY25.
- Targets include around 3,000 macro sites plus 500 for MTNL in Mumbai and 1,000+ small cells for FY25.
- The 10,000 tenancy target by FY26 exit remains intact despite some spillover from FY25.
- Rollouts with Vodafone and BSNL are increasing, with Vodafone planning around 10,000 towers every quarter.
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Suyog Telematics Ltd — Quarterly revenue & net profit
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 Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Suyog Telematics Ltd Q3 FY25 results?
Targeting 10,000 tenancies by FY26 March exit, combining FY25 spillover and FY26 rollout. Suyog Telematics remains confident of meeting FY '26 target of 10,000 tenancies, despite some FY '25 spillover, indicating strong revenue growth ahead.
What is Suyog Telematics Ltd share price analysis?
Suyog Telematics Ltd currently shows a neutral. 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?
CapEx incurred till date on installed towers is ₹100+ crores.
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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.