Syrma SGS Reports Soaring Profits Amid Strategic Recalibration
Syrma SGS Technology reports an 87% profit increase for the March quarter of FY25, despite a revenue decline. The firm's strategic shift towards high-value, high-margin segments in industrial and healthcare sectors has spurred this growth. Looking ahead, Syrma SGS projects a 30-35% revenue increase in FY26.
- Country:
- India
In a significant financial turn, Syrma SGS Technology has seen its consolidated net profit skyrocket by 87% to Rs 65.4 crore in the March quarter of FY25. This sharp rise comes despite an 18.4% drop in revenue from operations.
The electronics design and manufacturing company's pivot from low-margin consumer products to more profitable industrial and healthcare sectors played a critical role. These sectors contributed to 50% of the company's fourth-quarter income, said MD Jasbir Singh Gujral.
With a strategic eye on FY26, Syrma SGS anticipates a revenue growth of 30-35%, driven by new customers and stronger exports. The company is also exploring inorganic growth opportunities and advancements in component manufacturing, supported by a potential Rs 1,000 crore fundraise.
(With inputs from agencies.)
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