Syrma SGS Reports Strong Q1 FY27 Results; Automotive Among Key Growth Drivers

Syrma SGS Technology has reported a strong start to FY27, with consolidated revenue rising 67.1 percent year on year to ₹1,604 crore in the June quarter, driven by continued strength in its automotive, consumer electronics and export businesses. The company said new customer programmes onboarded during FY26 are now beginning to scale, supporting the robust growth momentum.

Consolidated EBITDA increased 72 percent year on year to ₹176.6 crore, while profit after tax more than doubled to ₹105.7 crore, reflecting continued operational momentum during the quarter. EBITDA margin improved to 11 percent from 10.7 percent a year earlier, while PAT margin expanded to 6.6 percent from 5.2 percent.

Commenting on the performance, Jasbir Singh Gujral, Managing Director, Syrma SGS Technology, said the company had delivered a strong start to the financial year with growth led by its automotive, consumer and export businesses as recently onboarded customer programmes continued to ramp up. He added that the company remains committed to its FY27 growth aspirations while expanding its industrial and export footprint, strengthening its MedTech and maritime electronics businesses, and progressing its PCB project to support the next phase of growth.

Beyond the quarterly performance, Syrma SGS announced a strategic joint venture with Japan’s KAGA Electronics Co., Ltd. to strengthen electronics manufacturing capabilities in India, enhance support for Japanese OEM customers and expand its presence across high-growth technology and industrial segments.

The company also appointed Jaidit Singh Brar as Chief Executive Officer with effect from June 26, 2026. Brar joins after more than 25 years in industry and consulting, including as a Senior Partner at McKinsey & Company. During the quarter, India Ratings & Research upgraded Syrma SGS’s long-term credit rating to IND AA/Stable from IND AA-/Stable, while reaffirming its short-term rating at IND A1+.

For the automotive industry, the company’s commentary points to sustained demand from vehicle electronics programmes, with automotive identified as one of the key growth drivers alongside consumer electronics and exports. While Syrma SGS did not disclose the revenue contribution from its automotive business, the segment remains an important pillar of the company’s growth strategy as it continues to expand manufacturing capabilities and deepen relationships with domestic and international customers.