Mumbai, January 28, 2025 – Syrma SGS Technology Limited (NSE: SYRMA, BSE: 543573) has reported its Q3 FY25 financial results, showing a 9.3% year-on-year (YoY) growth in total income, reaching ₹621.42 crore, while net profit stood at ₹47.13 crore, reflecting stable performance in its electronics manufacturing services (EMS) and component solutions.
Key Financial Highlights – Q3 FY25 (Consolidated)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹621.42 crore | ₹568.36 crore | +9.3% |
| Total Income | ₹627.08 crore | ₹573.29 crore | +9.4% |
| Net Profit (PAT) | ₹47.13 crore | ₹42.91 crore | +9.8% |
| Earnings Per Share (EPS) | ₹2.74 | ₹2.48 | +10.5% |
- Revenue: ₹1,832.56 crore (+8.1% YoY).
- Net Profit: ₹152.31 crore (+12.2% YoY).
Operational Highlights
- Capacity Expansion: Investment in new manufacturing lines for high-demand sectors, including automotive, medical, and telecom electronics.
- New Order Wins: Secured major contracts in 5G communication modules, IoT devices, and EV components.
- Exports Growth: International sales contributed 35% of total revenue, led by North American and European clients.
Utilization of IPO Funds
- Total Funds Raised: ₹840.12 crore (IPO proceeds).
- Funds Utilized Till December 31, 2024:
- ₹297.5 crore for expansion of R&D and manufacturing facilities.
- ₹131.5 crore for working capital requirements.
- ₹190 crore for growth-related investments.
Management Commentary
Sandeep Tandon, Managing Director, Syrma SGS Technology, stated:"Our strong revenue growth and continued investments in innovation position us well for future expansion. With increasing demand for electronic components in telecom, healthcare, and automotive sectors, we are optimistic about sustained long-term growth."
Strategic Outlook & Industry Trends
- Focus on high-margin, high-tech electronic components.
- Expansion into EV and industrial automation segments.
- Continued investments in AI-driven manufacturing processes.