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Prameela Balakkala

12th May · SEBI-Registered Analyst

SYRMA
📰 Syrma SGS Concall Highlights Annualised Revenue Run Rate: Confident of surpassing ₹6,000 crore. Q2 Revenue: ₹1,465 crore, reflecting strong growth momentum. Exports: Scaling from ₹125 crore monthly run rate toward ₹1,500 crore+ target. Second Half Performance: Historically stronger H2 expected to drive growth. 📊 Financials Revenue (Q2 FY26): ₹1,465 crore. Exports (monthly run rate): ₹125 crore, aiming for ₹1,500 crore+ annually. Annualised Revenue Guidance: ₹6,000 crore+. EBITDA & Margins: Management confident of sustaining healthy operating margins with scale. 🔎 Fundamentals Strong demand across electronics manufacturing services (EMS). Export growth driven by global client wins and capacity expansion. Focus on high-margin verticals: automotive, industrial, consumer electronics. ⚠️ Risks Currency fluctuations could impact export profitability. Global supply chain volatility remains a challenge. Execution risk in scaling exports to ambitious targets. 📈 Outlook Confident of crossing ₹6,000 crore annualised revenue run rate. Export momentum + stronger H2 seasonality = sustained growth visibility. Syrma SGS positioning itself as a leading EMS player from India.

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