Syrma SGS Technology reported a strong Q3 for Financial Year 2026, with revenue increasing by 45% year-over-year. EBITDA grew by 101%, and both PBT and PAT increased by 108%. Exports grew by 66%. The company anticipates exceeding its initial EBITDA guidance for the year, driven by broad-based growth across all verticals and improved operational efficiencies. The signing of the EU FTA is expected to positively impact future growth.
Financial Highlights
Syrma SGS Technology announced a strong financial performance for Q3 FY26:
- Revenue increased by 45% compared to the previous year.
- EBITDA grew by 101%, reaching INR159 crores.
- PBT and PAT both increased by approximately 108%.
- Export growth reached 66%, with exports totaling INR335 crores.
Nine-Month Performance
The company’s performance over the first nine months of FY26 also demonstrated strong growth:
- Revenue of approximately INR3,350 crores.
- Operating EBITDA of INR370 crores, up from INR208 crores.
- PBT of INR295 crores, up from INR146 crores.
- PAT of INR227 crores, up from INR113 crores.
- Exports increased by 45%, from INR576 crores to INR837 crores.
Segment Performance
The company experienced secular growth across all its major verticals:
- Automotive grew by 30%.
- Med-tech grew by 31%.
- Industrial grew by 29%.
- IT/Railways grew by 70%.
Revised Guidance and Outlook
Syrma SGS Technology has revised its EBITDA guidance upwards and now expects to deliver over INR500 crores for the full fiscal year, surpassing the initial target. The company anticipates a 30% growth rate in the coming year, driven by emerging opportunities and healthy growth across all verticals.
Strategic Developments
- Acquisition of Elcome was completed, expected to contribute to the bottom line.
- The company achieved a gold rating from EcoVadis for ESG compliance.
- Construction of the new PCB project is on track, with completion expected by June/July 2027.
- The company is expanding its footprint in Pune.
Order Book
As of December 2025, the company’s order book visibility stood at approximately INR6,400 crores.
- Auto sector: approximately 31%.
- Consumer business: about 25%.
- Industrial business: 27%.
Source: BSE
