Syrma SGS Technology delivered exceptional fourth-quarter results with consolidated net profit rising 55% year-on-year to ₹119 crore from a loss of ₹71.45 crore in the corresponding period last year, according to the latest company filing. The electronic systems design and manufacturing company's revenue from operations surged 58.48% YoY to ₹1,465 crore compared to ₹924.36 crore, driven by robust business growth across key segments and consolidation of high-margin operations.
For the full fiscal year FY26, Syrma SGS delivered consolidated net profit of ₹346 crore, representing an 87% jump from ₹184.4 crore in FY25. The company's operating EBITDA expanded significantly to ₹545 crore, ahead of earlier guidance, with 27% revenue growth to ₹4,819 crore. As per Jasbir Singh Gujral, managing director, this growth was delivered with positive operating cash flow and a meaningful reduction in net working capital days, reflecting stronger execution and capital discipline through lower net working capital days.
According to Gujral's comments, the company's strategic focus on high-margin segments showed strong results across all verticals. Automotive segment accounted for 24% of total revenue versus 22% last year, with ₹1,139 crore in revenue. Industrial electronics contributed 29% this year versus 28% last year, generating ₹1,398 crore. Healthcare segment accounted for 8%, with ₹395 crore in revenue. Consumer business contributed 30% of revenue at ₹1,453 crore, as the company strategically reduced its share of consumer electronics from 36% in FY25 to focus on higher-margin segments.
The company's exports grew 41% to cross ₹1,200 crore, demonstrating successful international expansion despite global uncertainties including US tariff concerns and Middle East crisis. Gujral noted that this growth came despite challenges from July to December due to tariff uncertainty and Middle East crisis. Shares of Syrma SGS Technology have jumped 30.56% in one month, 24.77% in six months, and over 55% year-to-date in 2026, hitting record highs following the strong Q4 results announcement.
According to Gujral's comments, FY26 marked important progress in the company's strategic agenda with strengthened presence in higher-quality verticals including automotive, industrial, healthcare, and defence segments. The company's strategic initiatives include consolidation of Elcome in defence, the Elemaster JV in industrial and railway electronics, and entry into the PCB ecosystem through the PCB project. These initiatives are expected to build new growth verticals that make Syrma SGS a broader and more resilient electronics manufacturing platform for FY27 and beyond, with growth expected to continue despite current global challenges including base metal price pressures and material cost inflation.
