Syrma SGS has acquired a 60% stake in Elcome Integrated Systems. Unaudited H1 FY26 results show revenue of ₹21,087 Mn, with operating EBITDA up 64% YoY to ₹2,110 Mn. Q2 FY26 revenue reached ₹11,546 Mn, a 37% YoY increase. Syrma has also approved expansion into multi-layer PCBs and KSOLARE acquisition in JVA with Premier Energies.
Strategic Acquisition of Elcome
Syrma SGS is set to acquire a 60% majority stake in Elcome Integrated Systems Pvt Ltd. for ₹2,350 Mn. Elcome brings four decades of expertise in the Defence & Maritime business. The remaining 40% stake will be acquired over the next 3 years. The acquisition aligns with Syrma’s strategic roadmap to build a design-led Defence Electronics platform.
H1 FY26 Financial Highlights
The company has reported unaudited Financial Results for H1 FY26.
Key Figures:
- Total Revenue: ₹21,087 Mn
- Operating EBITDA: ₹2,110 Mn (up 64% YoY)
- EBITDA: ₹2,266 Mn (up 60% YoY)
- PBT: ₹1,566 Mn (up 95% YoY)
- PAT: ₹1,163 Mn (up 94% YoY)
Q2 FY26 Financial Summary
The company’s results for Q2 FY26 reveal substantial growth.
Key Figures:
- Total Revenue: ₹11,546 Mn (up 37% YoY)
- Operating EBITDA: ₹1,152 Mn (up 56% YoY)
- EBITDA: ₹1,240 Mn (up 53% YoY)
- PBT: ₹895 Mn (up 77% YoY)
- PAT: ₹663 Mn (up 67% YoY)
Industry Segment Performance (Q2 FY26)
Here’s a look at the revenue split by industry for Q2 FY26:
- Auto: ₹2,710 Million (up 29% YoY)
- Consumer: ₹3,656 Million (up 35% YoY)
- Healthcare: ₹834 Million (up 26% YoY)
- Industrials: ₹2,649 Million (up 9% YoY)
- IT and Railways: ₹1,610 Million (up 298% YoY)
Key Strategic Milestones
The company has made progress in strategic expansion. Syrma is establishing multi-layer PCBs and is acquiring KSOLARE in JVA with Premier Energies.
Source: BSE
