Syrma SGS Technology

Syrma SGS delivered a strong FY26 with revenue of ₹4,857 CrCurrent reported value: ₹4,857 Cr. No comparable prior figure is available in the source record. (+27Current reported value: 27. No comparable prior figure is available in the source record.% YoY), EBITDA of ₹545 CrCurrent reported value: ₹545 Cr. No comparable prior figure is available in the source record. (+68% YoY), and PAT of ₹346 CrCurrent reported value: ₹346 Cr. No comparable prior figure is available in the source record. (+87Current reported value: 87. No comparable prior figure is available in the source record.% YoY). EBITDA margin expanded 270 bps to 11.3%, driven by favorable mix shift toward ODM (17% of revenue, up from 12Current reported value: 12. No comparable prior figure is available in the source record.%) and exports (25% of revenue, +41% YoY). The company guided for FY27 revenue growth of 30-35% and EBITDA of ₹700 CrCurrent reported value: ₹700 Cr. No comparable prior figure is available in the source record. (implying ~10.5-11% margin), reflecting caution on near-term input cost pressures. Key growth drivers include automotive (+39% YoY), healthcare (+36%), and industrial (+30%). The order book stands at ₹6,600 CrCurrent ₹6,600 Cr. Reported change: +3% QoQ.. A risk is the potential margin compression from rising raw material costs and geopolitical supply chain disruptions, which management acknowledged but expects to offset via pass-through mechanisms and operational efficiencies.