Latest: Syrma SGS Tech. Q2 FY27 (Jul–Sep 2026) results →This page is Q1 FY27 (Apr–Jun 2026).All Q1 FY27 results →

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Syrma SGS Tech.

Q1 FY27

Syrma SGS Technology Q1 FY27 earnings call: Revenue & Margins

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

Price₹1,605

Market cap₹30.9K Cr

P/E83.3

Updated16 Oct 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

The company aims to sustain a 30%-35% revenue growth rate over the next 3 to 5 years, specifically for FY27-28 and FY28-29. Syrma SGS Technology Limited expects to exceed its guided growth of 35%+ revenue for the current fiscal year and maintain a similar growth rate for at least the next 2-3 years ('27-'28, '28-'29).

From Syrma SGS Tech.'s Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth

The company aims to sustain a 30%-35% revenue growth rate over the next 3 to 5 years, specifically for FY27-28 and FY28-29.
New global clients onboarded have potential to accelerate growth beyond this range, though large-scale contributions are expected from the third year of onboarding.
Exports grew by 40% last year and nearly 60% in Q1 FY27; expected to grow 30%-40% for the current year, reaching Rs. 1,500-1,600 crore.
Automotive, industrial, and MedTech sectors are key drivers for export growth; automotive, especially EV-related, is a cornerstone domestically.
Consumer business expected to remain around 30% of total revenue with quarterly aberrations.
Defense segment, recently acquired, is in early stages but anticipated to grow at 30%-35%.

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Profitability & Margins

Syrma SGS Technology Limited expects to exceed its guided growth of 35%+ revenue for the current fiscal year and maintain a similar growth rate for at least the next 2-3 years ('27-'28, '28-'29).
Real growth from newly onboarded global clients typically manifests from the third year, indicating continued strong momentum in subsequent years.
EBITDA margins are expected to be maintained in the range of 10.5%-11% for the full year, showing confidence in profitability.
The company aims to not only meet but exceed EBITDA growth guidance, supported by robust export and ODM business expansion.
Operational efficiencies and improved product mix are driving profitability improvements.

2 more points from Syrma SGS Tech.'s call on margins

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See what Syrma SGS Tech. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

Current year CAPEX (ex PCB) expected around Rs. 100-150 crore; Rs. 40 crore incurred in Q1.
Capacity expansions ongoing in Bangalore (new facility) and Pune plants.
Additional capacity being set up for MedTech business in Jodhpur, including medical-grade plastics and SMT lines; expected growth opportunity from FY '27-'28.
PCB manufacturing project progressing on schedule, with Rs. 50 crore invested in the quarter and total initial phase CAPEX around Rs. 400 crore.
PCB project phase 1 expected to start commercial production by April 2027; phase 2 and 3 planned for late '27/early '28.
Funding for PCB project through internal accruals, government CAPEX incentives (50%), and around 50-60% debt.

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Fundraising & Capital Structure

No immediate need for new fundraising; current funding is sufficient for ongoing projects.
Rs. 800 crore+ treasury balance available to fund PCB project phases and other expansions.
PCB project Phase 1 cost around Rs. 400 crore, partly funded (Rs. 130 crore spent); balance to be funded during the year.
Around 50%-60% of PCB project funding expected through debt.
Government subsidies (50% CAPEX incentive) will support funding for project phases.
Internal accruals will continue to fund growth and capital expenditure.

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Order Book & Pipeline

Order book rising

As of June end, Syrma SGS Technology Limited has an overall order book visibility of approximately Rs. 6,770 crores.
Out of this, around Rs. 5,400 crores (approximately 80%) is expected to be executed in the next 12 months.
The remaining balance is scheduled beyond 12 months.
The average execution period for existing orders is around 10 to 10.5 months.
The company’s quarterly order intake shows an increasing trend, with a one-year and one-quarter intake of about Rs. 1,781 crores.

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Syrma SGS Tech. — Quarterly revenue & net profit

Revenue Net profit

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Jun 2026Q1 FY27

Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.0K Cr, net profit ₹124 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Syrma SGS Tech. Q1 FY27 results?

The company aims to sustain a 30%-35% revenue growth rate over the next 3 to 5 years, specifically for FY27-28 and FY28-29. Syrma SGS Technology Limited expects to exceed its guided growth of 35%+ revenue for the current fiscal year and maintain a similar growth rate for at least the next 2-3 years ('27-'28, '28-'29).

What is Syrma SGS Tech. share price analysis?

Syrma SGS Tech. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 83.3 with a market cap of ₹30,942 Cr. Investors should review the full earnings analysis for detailed insights.

Is Syrma SGS Tech. planning capital expenditure?

Current year CAPEX (ex PCB) expected around Rs.

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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.