Suyog Telematics reported a 16.3% decline in consolidated net profit to ₹1,449.69 crore in Q1 FY27, compared to ₹1,732.13 crore in the corresponding quarter of the previous year. According to the latest financial results approved by the Board of Directors on August 11, 2026, this represents a significant drop in profitability despite the company's revenue growth during the quarter. The standalone net profit also declined to ₹1,393.15 crore from ₹1,701.27 crore year-on-year, showing consistent pressure across both consolidated and standalone financials.
The company demonstrated resilience in its top-line performance with total revenue rising to ₹7,315.88 crore from ₹6,867.25 crore in Q1 FY26, representing a 6.1% increase in revenue from operations. However, this growth was significantly influenced by a voluntary change in accounting policy effective April 1, 2026, where electricity and diesel reimbursement charges are now recognized on a gross basis as part of 'Revenue from Operations' rather than being netted off against expenses. As reported by the company, this reclassification has no impact on Profit Before Tax (PBT), Net Profit, or Earnings Per Share (EPS).
The company faced significant margin compression with EBITDA margins contracting sharply to 59.91% from 76.02% in the corresponding quarter of the previous year. EBITDA remained broadly stable at ₹391 million versus ₹392 million year-on-year, but the margin squeeze reflects increased cost pressures relative to revenue growth. Finance costs rose significantly to ₹748.82 crore from ₹608.79 crore in the prior year quarter, further weighing on overall profitability. Employee benefits expense also increased to ₹633.95 crore from ₹564.05 crore, indicating rising operational costs across multiple expense categories.
As of August 12, 2026, Suyog Telematics shares are trading at ₹838.05 on NSE and ₹842.90 on BSE, showing a 29.20% increase over the last six months and 5.06% growth on a year-on-year basis. The stock opened at ₹842.50 compared to its previous close of ₹855.30, with trading range between ₹802.50 to ₹849.95 during the session. The company maintains a market capitalization of ₹1,002.17 crore with the stock having touched a 52-week high of ₹925 and a 52-week low of ₹526.5. The stock's PE ratio stands at 15.98 and PB ratio at 2.03 as of August 11, 2026.
