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Syrma SGS Technology Ltd

Q3 FY25Industrial Manufacturing

Syrma SGS Technology Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹1,439
Market cap₹27.7K Cr
P/E74.5
Updated23 Aug 2026
Read6 min read

The short version

The company expects to achieve industry-beating growth of 30-35% in FY '26, continuing momentum from previous quarters. FY '25 EBITDA margin guidance is 7%, targeting approximately ₹305-310 crore EBITDA, with confidence in achieving this. - FY '26 expected growth of 30-35% in revenues, with a corresponding increase in EBITDA margins due to operational leverage. - Management aims to reduce high-volume, low-margin consumer business to below 35% of revenue to improve overall margins. - Industrial, automotive, railway, and other segments expected to contribute higher-margin businesses and revenue growth. - Railways revenue targeted to grow from ₹70 crore in FY '25 to around ₹100 crore+ in FY '26 (approx.

From Syrma SGS Technology Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The company expects to achieve industry-beating growth of 30-35% in FY '26, continuing momentum from previous quarters.
  • Revenue guidance for FY '25 stands around 4,200-4,500 crores, with potential for marginal variation; target EBITDA margins of 7%+ remain intact.
  • Industrial and automotive segments are growing, with a rising share in the order book; industrial segment expected to expand due to new clients and exports.
  • Railways revenue targeted at around 100 crores in FY '26, up from 70 crores in FY '25, driven by new product approvals.
  • MedTech business is anticipated to rebound with accelerated growth post-FY '26, contributing a reasonable chunk of revenue by FY '26-'27.
  • Exports are targeted to recover and increase back to 25-30% of revenues from current ~20%, especially with the commissioning of Germany facility.

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Profitability & Margins

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

Capital Expenditure Plans

  • Current FY 2025 capex: Around Rs. 200 to 245 crore, with an expected spend of Rs. 32 crore in the current quarter (Page 20).
  • FY 2026 capex: Expected to be around Rs. 100 to 150 crore (Page 20).
  • Capex primarily towards new campus facility in Pune and a facility in Germany, plus SMT lines and plant & machinery for new customer onboarding (Page 6, 20).
  • The Pune facility is recently set up; expansion there can be done reasonably quickly to increase capacity for FY 2026-27 (Page 20).
  • Company evaluating inorganic acquisitions, focusing on design, defense, and other technology-access areas; no deal finalized yet (Page 25).

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Top-ranked in Industrial Manufacturing

Ranked on what management guided this quarter

Guidance-ranked
1ICE Make Refrig.
Rev 1Mar 2
2Taurian MPS
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 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

  • As of December 2024, Syrma SGS Technology Limited's open order book visibility is approximately INR 5,300 crores.
  • The order book composition includes:
  • Over 30% contribution from the auto segment.
  • Around 38-40% from the consumer segment.
  • Approximately 20-22% from the industrial segment.
  • The remaining portion from healthcare, IT, and railway segments.
  • Orders are typically executed over a period of 9 to 15 months.
  • The company has decent order intake in the recent quarter with a solid long-term order book.
  • For the railway segment, the company targets INR 70 crores revenue for the current year and aims for a 50% growth next year (around INR 100 crores+).

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Syrma SGS Technology Ltd — Quarterly revenue & net profit

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

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.5K Cr, net profit ₹119 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Syrma SGS Technology Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Syrma SGS Technology Ltd Q3 FY25 results?

The company expects to achieve industry-beating growth of 30-35% in FY '26, continuing momentum from previous quarters. FY '25 EBITDA margin guidance is 7%, targeting approximately ₹305-310 crore EBITDA, with confidence in achieving this. - FY '26 expected growth of 30-35% in revenues, with a corresponding increase in EBITDA margins due to operational leverage. - Management aims to reduce high-volume, low-margin consumer business to below 35% of revenue to improve overall margins. - Industrial, automotive, railway, and other segments expected to contribute higher-margin businesses and revenue growth. - Railways revenue targeted to grow from ₹70 crore in FY '25 to around ₹100 crore+ in FY '26 (approx.

What is Syrma SGS Technology Ltd share price analysis?

Syrma SGS Technology Ltd currently shows a neutral. The stock trades at a P/E of 74.5 with a market cap of ₹27,654 Cr. Investors should review the full earnings analysis for detailed insights.

Is Syrma SGS Technology Ltd planning capital expenditure?

Current FY 2025 capex: 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.