Syrma Sgs Technology Q2 FY27: revenue up 73.6% to ₹1,990 Cr, net profit up 87.2% to ₹124 Cr
Results · Finvezto · 2 Nov 2026 · Syrma Sgs Technology (SYRMA)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 1,990 | - | +73.6% |
| Operating profit | 193 | - | +67.7% |
| Net profit | 124 | - | +87.2% |
| Operating margin | 9.7% | - | -0.3 pp |
| Net margin | 6.2% | - | +0.5 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Consolidated total revenue for Q2 FY27 grew 73% year-on-year to approximately INR 2,000 crores, with operating EBITDA increasing 68% to INR 193 crores. Earnings call
- Management revised its annualized revenue growth guidance upward to 40% to 45% for FY27, which translates to around INR 7,000 crores in revenue. Earnings call
- The company delivered positive operating cash flow of INR 120 crores in Q2 FY27, improving the net working capital cycle to 63 days from 71 days in Q1. Earnings call
What to watch
- Management on revenue growth: So on all the qualitative aspects, we have surpassed what we did in FY25 in H1 and this gives us the confidence to revise our guidance upwards that we would be able to deliver 40% to 45% growth this year on an annualized basis, which would translate into around INR7,000 crores of revenue.
- Management on fy28 revenue target: And with this, we are confident that next year, that is FY28, we should be able to cross the $1 billion revenue mark in revenues.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.