Syrma SGS Technology Ltd (BOM:543573)

Q2 2026 Syrma SGS Technology Ltd Earnings Call Transcript

Nov 10, 2025 / 05:00 AM GMT

Release Date Price: ₹830.65 (+2.73%)

Transcript

Key Points

Positve

Syrma SGS Technology Ltd (BOM:543573) reported a 37% year-on-year revenue growth for the quarter, driven by strong performance in the auto, industrial, and IT segments.
The company has successfully acquired a 50% stake in Ecom, enhancing its presence in the defense sector, which is expected to be margin accretive.
Syrma SGS Technology Ltd (BOM:543573) has entered into a joint venture with L E Mastro Beckley, aiming to integrate into the global supply chain, which could significantly boost future growth.
The company has received ESPMS approval for its PCB projects, with plans to start trial production by December 2026, indicating progress in its diversification strategy.
Syrma SGS Technology Ltd (BOM:543573) has onboarded eight major customers with a potential revenue of $100 million next year and is focusing on long-term contracts to ensure growth visibility.

Negative

The company's working capital days have increased, with receivables rising significantly, which management aims to reduce in the coming quarters.
There is a slight decline in gross margins due to a change in business mix, particularly with a larger portion of IT business, which comes at a lower margin.
The industrial segment experienced a slowdown in sales during Q2, although the company remains confident about its long-term growth prospects.
The company faces challenges related to US tariffs, which have impacted decision-making and supply chain strategies.
The acquisition of K Solar will not immediately reflect in Syrma SGS Technology Ltd (BOM:543573)'s top-line, as the consolidation will occur at the Premier level.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SYRM.NS - Syrma SGS Technology Ltd
Q2 2026 Syrma SGS Technology Ltd Earnings Call
Nov 11, 2025 / 05:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Sirma SGS Technology Q2 FY26 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Miss Boika Nair from Dam Capital.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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