Syrma Sgs Technology Limited · NSE:SYRMA
Syrma Sgs Technology — Q2 FY26 Earnings Presentation
26 slides from Syrma Sgs Technology's earnings presentation, Nov 10, 2025
Slide 1: Regulation 30 intimation letter to stock exchanges
Date: November 10, 2025 To, Listing Department Department of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051. Dalal Street, Mumbai - 400 001. Symbol: SYRMA Scrip Code
Slide 2: Earnings Release Quarter and Half Year ended Sep'25
EARNINGS RELEASE Quarter and Half Year ended Sep’25 10th Nov, 2025
Slide 3: Disclaimer
DISCLAIMER Certain statements in this presentation are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements o
Slide 4: Syrma SGS to Acquire Majority Stake in Elcome
Syrma SGS to Acquire Majority Stake in Elcome Integrated Systems Pvt Ltd (“Elcome”), Marking Strategic Foray into Defence and Maritime Business ➢ To acquire 60% majority stake in Elcome for ₹2,350 Mn, through a mix of primary capital infusion and secondary share purchase. ➢ The remaining 40% stake t
Slide 5: Financial Performance for Half Year ended Sep'25
Financial Performance for Half Year ended Sep’25
Slide 6: Financial Summary – H1 FY26
FINANCIAL SUMMARY – H1 FY26 Total Revenue • Total Revenue ₹ 21,087 Mn. Operating • Operating EBITDA ₹ 2,110 Mn up by 64% YoY; OP EBITDA margin at 10.1% EBITDA EBITDA • EBITDA ₹ 2,266 Mn up by 60% YoY; EBIDTA margin at 10.7% PBT • PBT ₹ 1,566 Mn million up by 95% YoY; PBT margin at 7.4% PAT • PAT ₹ 1
Slide 7: Financial Highlights (H1 FY26)
FINANCIAL HIGHLIGHTS (H1 FY26) ₹ in million Total Revenue EBITDA ₹ 21,087 ₹ 2,266 ₹ 20,180 ₹ 1,416 H1FY25 H1FY26 H1FY25 H1FY26 6 Profit Before Tax Profit After Tax ₹ 1,163 ₹ 1,566 ₹ 802 ₹ 600 H1FY25 H1FY26 H1FY25 H1FY26
Slide 8: Brief Summary of Consolidated Financials – H1 FY26
BRIEF SUMMARY OF CONSOLIDATED FINANCIALS – H1 FY26 (₹ in Million) Particulars H1 FY25 H1 FY26 YoY Revenue From Operations 20,047 20,930 4.4% Other Income 132 157 18.5% Total Revenue 20,180 21,087 4.5% Cost of Materials Consumed 16,153 15,837 (2.0)% Gross Profit 3,894 5,093 30.8% Margin% 19.4% 24.3%
Slide 9: Industry Segment H1 FY26
INDUSTRY SEGMENT H1 FY26 (₹ in Million) Industry H1 FY25 H1 FY26 YoY Auto 3,986 4,925 24% Consumer 8,881 6,834 (23%) Healthcare 1,249 1,508 21% Industrials 4,591 5,522 20% IT and Railways 1,219 2,110 73% Total 19,926 20,899 5%
Slide 10: Financial Ratios
FINANCIAL RATIOS Particulars H1FY25 H1FY26 EBITDA Margin (Ex Other Income,%) 6.4% 10.1% EBITDA Margin (%) 7.0% 10.7% PBT Margin (%) 4.0% 7.4% PAT Margin (%) 3.0% 5.5% Net Debt/(Net Cash) to EBITDA (LTM) 0.7 (1.2) Debt to Equity 0.4 0.1 ROCE (%) 8.4% 11.7% ROCE (% Adj. of Surplus IPO Money and Goodwi
Slide 11: Financial Performance for Quarter ended Sep'25
Financial Performance for Quarter ended Sep’25
Slide 12: Financial Summary – Q2 FY26
FINANCIAL SUMMARY – Q2 FY26 Total Revenue • Total Revenue ₹ 11,546 Mn. Operating • Operating EBITDA ₹ 1,152 Mn up by 56% YoY; OP EBITDA margin at 10.1% EBITDA EBITDA • EBITDA ₹ 1,240 Mn up by 53% YoY; EBIDTA margin at 10.7% PBT • PBT ₹ 895 Mn million up by 77% YoY; PBT margin at 7.8% PAT • PAT ₹ 663
Slide 13: Brief Summary of Consolidated Financials – Q2 FY26
BRIEF SUMMARY OF CONSOLIDATED FINANCIALS – Q2 FY26 (₹ in Million) Particulars Q2 FY25 Q1 FY26 Q2 FY26 QoQ YoY Revenue From Operations 8,356 9,531 11,459 20.2% 37.1% Other Income 72 69 87 26.1% 22.3% Total Revenue 8,428 9,600 11,546 20.3% 37.0% Cost of Materials Consumed 6,294 7,107 8,730 22.8% 38.7%
Slide 14: Financial Highlights (Q2 FY26)
FINANCIAL HIGHLIGHTS (Q2 FY26) ₹ in million Total Revenue EBITDA 37% YoY 53% YoY ₹ 11,546 ₹ 1,240 ₹ 1,027 ₹ 9,600 ₹ 8,428 ₹ 810 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 13 Profit Before Tax Profit After Tax 77% YoY ₹ 663 ₹ 895 67% YoY ₹ 671 ₹ 499 ₹ 396 ₹ 507 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY2
Slide 15: Industry Segment Q2 FY26
INDUSTRY SEGMENT Q2 FY26 (₹ in Million) Industry Q2 FY25 Q1 FY26 Q2 FY26 QoQ YoY Auto 2,109 2,215 2,710 22% 29% Consumer 2,715 3,178 3,656 15% 35% Healthcare 661 674 834 24% 26% Industrials 2,439 2,873 2,649 (8%) 9% IT and Railways 405 500 1,610 222% 298% Total 8,327 9,440 11,459 21% 38%
Slide 16: Debt and Cash
DEBT AND CASH (₹ in Million) Particulars 31-Mar-25 30-Sep-25 Term Loan 898 800 Working Capital Loan 5,213 2,019 Total Debt 6,112 2,820 Investments 538 2,075 Cash and cash Equivalents 2,935 5,509 Total Cash & Equivalents 3,473 7,584 Net Debt/(Cash) 2,639 (4,765)
Slide 17: Key Recent Strategic Milestones
KEY RECENT STRATEGIC MILESTONES ELCOME • Syrma SGS to acquire majority stake in Elcome Integrated Systems for ₹2,350 Million. 1 ACQUISITION • Marking Strategic Foray into Defence and Maritime business PCB • JV (75% Syrma : 25% Shinhyup) to establish multi-layer & flexible PCB manufacturing capabilit
Slide 18: Strategic Foray into Defense Electronics
1. SYRMA SGS STRATEGIC FORAY INTO DEFENSE ELECTRONICS Elcome presents a strong opportunity for Syrma SGS to establish a presence Entry into Defense in the Defense sector, leveraging its existing relationships and domain Segment expertise Under Syrma SGS’s ownership, Elcome can transition into a more
Slide 19: Strategic Foray into Defense Electronics: Transaction Details
1. SYRMA SGS STRATEGIC FORAY INTO DEFENSE ELECTRONICS Transaction Details • Syrma SGS will acquire 60% stake in Elcome Integrated Systems Pvt. Ltd., for ₹2,350 million through a mix of both primary and secondary capital infusion. • The balance 40% stake will be acquired in multiple tranches over the
Slide 20: Elcome: Company Overview
1. SYRMA SGS STRATEGIC FORAY INTO DEFENSE ELECTRONICS Elcome: Company Overview In 1978; headquartered in Navi Mumbai; Long-standing provider of electronics and systems for Founded Defence and Maritime applications Design, integration and lifecycle support of navigation, communication and surveillanc
Slide 21: Elcome Key Products
1. SYRMA SGS STRATEGIC FORAY INTO DEFENSE ELECTRONICS Key Products - Navigation Communication and Display Maritime communication Integrated bridge and network systems such systems and navigation as Global Maritime distress systems including & safety system, voice compasses, radars, communication and
Slide 22: Foray in Printed Circuit Boards Manufacturing
2. FORAY IN PRINTED CIRCUIT BOARDS MANUFACTURING JV Overview • Syrma SGS has partnered with Shinhyup Electronics Co., Ltd., South Korea to establish capability in multi-layer and flexible PCBs. • The JV Company will be 75% owned by Syrma SGS and 25% by Shinhyup. • Syrma will have majority board repr
Slide 23: Acquisition of KSOLARE in JVA with Premier Energies
3. ACQUISITION OF KSOLARE IN JVA WITH PREMIER ENERGIES Transaction Overview • Syrma SGS to acquire 49%, Premier Energies to acquire 51% of KSOLARE for a total consideration: ₹1700 million for 100% equity. • Syrma SGS share: ₹833 Mn, payable in phased tranches over next 2 to 3 years and Premier Energ
Slide 24: Elemaster JVA: Expansion into Railways & Industrial
4. ELEMASTER JVA: STRATEGIC EXPANSION INTO RAILWAYS & INDUSTRIAL JV Overview •Syrma SGS has formed a Joint Venture with Elemaster S.p.A., Italy, a leading European Electronic Design & Manufacturing partner. •The JV Company (Syrma SGS Design & Manufacturing Pvt. Ltd.) will be 60% owned by Syrma and 4
Slide 25: Syrma SGS Merger Implementation Update
SYRMA SGS MERGER IMPLEMENTATION UPDATE Merger of SGS Tekniks Manufacturing Pvt Ltd (SGST) and SGS Infosystems Pvt Ltd (SGSI) into Syrma SGS Technology Ltd. implemented per the approved Scheme. Appointed Date: 1 April 2023 | Effective Date: 31 October 2025. Key Actions Completed • Dissolution of SGST
Slide 26: Thank you
Investors Contact: Thank you Nikhil Gupta, CFA Head – Investor Relations +91 11 4700 2122 investor.relations@syrmasgs.com www.syrmasgs.com/investor-relations/