SYRMA SGS Results Analysis-Q1FY27
$SYRMA Financial performance and key Operating Metrics (Consolidated) : Operating Revenue for Q1FY27 is Rs. 1,589 Crs., 68.29% growth YoY, Total Income is Rs. 1,604 Crs., 67.05% growth YoY, Gross Profit is Rs. 389 Crs., 66.89% growth YoY, EBITDA is Rs. 162 Crs., 86.55% growth YoY, EBITDA Margin is 10.17% improved by 100 basis points YoY, PBT Rs. 141 Crs., 109.71% growth YoY, PAT Rs. 106 Crs. 111.72% growth YoY. On QoQ basis Operating Revenue is up by 8.44%, Total Income is also up by 8.59%, But Gross Profit is down by 6.53%, EBITDA is down by 7.22%, PBT is down by 6.36% and PAT is also down by 11.36%. Performance attribution leaned to richer mix (exports/ODM) and execution. Exports: scaling global supply-chain integration : Q1 export revenue: ₹387 cr, about 24% of operating revenue, +61% YoY (vs +40% in FY26). ODM: higher value-add, target to reach ~25% longer term : Q1 ODM revenue: ₹270 cr (~17% of revenue), vs ₹125 cr in Q1 FY26 (~+115% YoY). Sequentially lower than Q4 (₹345 cr), attributed to rear-end loading in some programs (maritime/defense/communications/MedTech). Order book visibility (June-end): ₹6,770 cr. : Mix: Auto 29%, Consumer 30%, Industrial 24%, Healthcare (incl. MedTech) 7%, IT+Railways 9%. FY27 guidance reiterated: ~35%+ revenue growth with ~10.5%–11% EBITDA margin.

















