Syrma SGS Technology Limited Latest Updates

$SYRMA Q1 FY27 Revenue & Profit Expansion In its financial results released on July 29, 2026, the company reported a 67% year-on-year surge in consolidated operational revenue to ₹1,604 crore for the first quarter ended June 30, 2026. Consolidated Net Profit (PAT) more than doubled, jumping 112% YoY to ₹105.70 crore. Operating EBITDA rose 68% YoY to ₹162 crore, driven by volume scaling across automotive, consumer electronics, and export accounts. Leadership Appointment & KAGA Electronics Joint Venture In late July 2026, the Board of Directors approved the appointment of Mr. Jaidit Singh Brar as Chief Executive Officer (CEO). Concurrently, Syrma SGS executed a 60:40 joint venture agreement with Japan-based KAGA Electronics to expand its high-precision manufacturing footprint and target Japanese OEM clients across Asia and North America. Strategic Defense Acquisition (Elcome) Expanding its specialized defense and maritime electronics portfolio, the company acquired Elcome Integrated Systems for ₹235 crore. The strategic acquisition introduces a dedicated defense electronics and naval communications vertical, diversifying revenue streams alongside ongoing investments in the company's printed circuit board (PCB) project. Dividend Announcement & Record Date The Board recommended an interim dividend of ₹1.50 per equity share for FY27. In exchange notifications, the company established Tuesday, August 18, 2026, as the formal record date to determine shareholder eligibility for the dividend payout. ODM Segment Scaling & Growth Targets Management highlighted accelerating traction in Original Design Manufacturing (ODM) services, with ODM segment revenue on track to cross ₹1,100–1,200 crore in FY27. Overseas market expansion remained steady, with export revenues growing 67% YoY to account for 24% of the company's total Q1 operating top-line.